Looking Inside Bearish Engulfing Bars and the Reversals that Followed
It’s mid-day, and so far the S&P 500 has formed a clean – nasty – bearish engulfing candle on the daily chart – that’s a very powerful signal… Source
It’s mid-day, and so far the S&P 500 has formed a clean – nasty – bearish engulfing candle on the daily chart – that’s a very powerful signal… Source
A standard mid-day check of market internals shows us a blatant negative divergence… Source
Friday’s Mid-day check on market internals shows a powerful positive internals divergence in breadth, TICK, and VOLD – which suggests we could see some positive price action yet to come… Source
Our mid-day minute chart today looks at some select names in the steel sector:… Source
Mid-day and the S&P 500 continues to climb, with its emini contract hitting… Source
With half the day down, let’s take our usual mid-day check or ‘peek under the hood’ at the S&P 500 Market Internals to see what may be in store for price… Source
Gold — the SPDR Gold Shares (NYSE: GLD) and the Market Vectors Gold Miners ETF (NYSE: GDX)… Source
The Jan-Feb high-level bullish consolidation area in Ford (NYSE: F) may be over –- ahead of a thrust towards 13.50-14.00 next… Source
After starting on a cautious note, US markets started soaring after mid-day when started becoming clear that some of the major European countries’ ministers had built up a consensus on bailing out Greece out of the sovereign debt crisis by offering their support. Dow Industrial started gaining momentum to finish with strong gains of 105 [...]
While my near and intermediate term work argue for still lower prices in Goldman Sachs (NYSE: GS) into the 146-144 area next,… Source
SPX Daily – Vortex Indicator… Source
I wanted to show a quick chart of the current mid-day SPY (S&P 500 Index) on… Source
It’s rare when a pattern this clearly emerges on the intraday chart, but so… Source
The non-dollar currencies got bushwhacked yesterday by the dollar bulls around mid-day, and there’s been no recovery since. The Treasury is back at the auction table, with $32 billion in 7-year Treasuries for you to buy at the fantabulous yield of…. Drum roll please…. 2.60%! All that and more, so buckle yourself in, and make [...]
Here’s a quick mid-day post highlighting the short-term Fibonacci Retracement… Source
I wanted to show the morning “External” or “Lengthy” (multi-swing) negative Momentum and TICK divergence that preceded a mid-day retracement which served as an excellent low risk, high probability short-sale opportunity… Source
I wanted to put up a quick mid-day update on the current market as of 1:45pm EST,… Source
Front and center this morning, we have a very strong dollar rally going on… It began yesterday mid-morning, when things turned on one thin dime. First, we had the US Manufacturing Index rise in September and the trading theme kicked in with the dollar getting sold on the good news for the economy… But then [...]