Charts + Technical Analysis

The market is shedding its bullish act, and taking on a much more bearish tone.  Jerome Powell’s circus yesterday, coupled with Trump’s untimely Chinese tariffs tweets today, has instantly put this market into a tale-spin. Short -term support levels are being violated across the board, and traders are being whip-lashed all over the board. The

Information received since the Federal Open Market Committee met in June indicates that the labor market remains strong and that economic activity has been rising at a moderate rate. Job gains have been solid, on average, in recent months, and the unemployment rate has remained low. Although growth of household spending has picked up from

This week has not gotten off to the best of starts. After having closed out my three previous trades for profits, Shopify (SHOP) got the best of me, hitting my stop-loss in the very early going and leaving me with just one position in the portfolio. Technology stocks are getting killed today, and right now,

Big bearish reversal signal spells trouble for the stock market. The last time I posted my SharePlanner Reversal Indicator, was back in early June when the market was experiencing the beginnings of a remarkable bounce in stocks. However, now we are sitting at all-time highs, and that same indicator that forecasted a hard bounce has

Very bullish look to the market. Maybe some pullbacks to existing trend-lines in order.  I can’t find much to say that is negative about this market. Trade War headlines have died down and the Fed (for reasons beyond any reason) are still wanting to lower rates even though the market is at all time highs.

Information received since the Federal Open Market Committee met in May indicates that the labor market remains strong and that economic activity is rising at a moderate rate. Job gains have been solid, on average, in recent months, and the unemployment rate has remained low. Although growth of household spending appears to have picked up

A lot of varying patterns among the sectors, but mostly bullish May was not kind for the market. June has been much better for the bulls, and last week’s bounce put SPX back to about 2% below all-time highs. There are triangle patterns (healthcare), head and shoulders patterns (energy), bull flags (technology), and downtrend

Should the big, ominous topping patterns be trusted? How much faith can we put into a perfectly created technical pattern like and shoulders pattern or a double top pattern, when they emerge on the S&P 500 or the Nasdaq? Listen to my latest podcast episode because the answer may surprise you.

Early Stages of Reversal Could Signal Bigger Move Biggest week of the year for the stock market last week, could be only the beginning, if the bullish reversal shown below can stay in place. One thing is certain, the sell-off back in May, had nowhere near the panic and selling power that we saw in

Know how you plan on being successful in the stock market is the first step to trading and investing profitably. But how do you do that though? In my latest finance podcast, I go over nine different steps you need to take in developing your own personal trading edge for success.