Technical Analysis

Facebook (FB), a stock that, back in 2012, was trading in the teens, now the FB stock is trading at $140+ per share. That is a massive run that it has experienced and made many people wealthy along the way. Now it is settling in and becoming more of a value play. Kind of like

Short-term triangle pattern on SPX SPX has been coiling in a triangle pattern the past three weeks now, or essentially, this entire month of trading. It has pulled back to the rising trend-line that forms the bottom half of the triangle pattern. However, it has only experienced a mild, light volume pullback over the past

Watch the trend-line on the chart of the S&P 500 A lot can change here today or this week if the rising trend-line as noted in the chart of the S&P 500 below fails to hold. You have a potential topping pattern – emphasis on “potential” – with a new all time high that was

The Fed Up Rally Takes Price Back to Almost All-Time Highs Of couse I am using a play on words as this Fed Up Trump Rally is hated and despised by most and defies the logic of investing in general. I mean, c'mon it has been since last October - almost a half of a

Breakout trading opportunities to watch for: Yesterday we talked about a form of breakouts that discovered and used by Nicolas Darvas Box trading that you can check out right here. This time around I want to highlight further the different forms of breakout trading. The S&P 500 bounced hard today and it is going to

Technical Analysis of the S&P 500's current stock trend remains in tact That doesn't necessarily mean that all the stocks out there are holding it together because most of them are not. But the large caps, the ones that really drive the market's direction, like Apple (AAPL) for instance, is still holding it together and

Stock TA Diverging Hard from Market Price Action The price action is dull in the overall market, and while the price  on the indices still hovers at the all-time highs, the TA of stocks (technical analysis) continues to falter under the surface. Breadth is dismal, and without a catalyst to continue pushing the market higher

A lethargic S&P 500 Index Chart The S&P 500 Index chart (SPX) is holding true to the rising trend-line and is holding the 20-day moving average as well. The FOMC is also upon us. This is the week that they are likely to raise rates, and if you remember, I've been saying for a couple of

Trading Journal Notes Talked yesterday about the 20-day moving average being in play for the bulls and that is exactly what happened. Practically as perfect of a test as you could possibly have on a moving average, we then saw a hard and fast bounce into the close. I bought UPRO off of the MA

Trading the 3:30 Ramp Okay so the headline might be a bit of an exaggeration but the past two trading days, when 3:30pm eastern typically triggers an end of day run, the exact opposite has happened where stocks start to slide out of absolutely nowhere. Perhaps it is just a temporary thing, but one can’t