With Thursday developing into another big news day, let’s take a quick morning check on current daily resistance (or key) price levels and what to watch from here (upper and lower short-term targets)  in the US Equity Markets. First, the S&P 500: Let’s discuss the current conditions which… Read More

  I’ve been highlighting the trend of distribution volume in the SPY (S&P 500 ETF) since April, and that trend continues presently. Let’s take a quick update on what volume suggests about the health of the stock market: We… Read More

US Stock Market Indexes have rallied into the initial resistance level accordingly, and now appear poised to break through these levels with the favorable outcome in the Greek election over the weekend. Let’s take a quick glance at the… Read More

US Stock Market Indexes have rallied into the initial resistance level accordingly, and now appear poised to break through these levels with the favorable outcome in the Greek election over the weekend. Let’s take a quick glance at the… Read More

Following up from last week’s post on “Triple Stock Index Key Levels,” let’s take a quick mid-week update on what’s happened and what support levels continue to be key focal points in the “Big Three” US Stock Market Indexes. Read More

After a stellar move higher in Gold, price now faces a challenge of converging trendlines into the $1,630 area. Let’s take a quick look at the current price level and develop a simple game-plan from there. Here’s Gold (… Read More

Even if we follow the Daily Charts for short-term swing or intraday trades, it’s helpful from time to time to assess the structure – and especially key levels – of the weekly charts of the ‘big three’ US Stock… Read More

TLT is a popular proxy for traders and investors to watch for bond prices, or to use as a hedging or trading vehicle. Let’s take a… Read More

This morning’s better than expected Jobs Report sent US Equity Indexes into or above key target areas that – if the momentum continues as it appears currently – will break price into New Recovery High territory which you’ll want to monitor closely. Let’s take a look at… Read More

Both the Dow Jones and S&P 500 face price challenges at critical levels currently, particularly that of the rising 20d EMA. Let’s take a look at these levels to watch and perhaps develop trades on any breakout from these… Read More

One of the main activities that trip up traders, especially new traders, is the concept of continual price movement in one direction without meaningful pullbacks – also known as “powerful trends,” “creeper trends,” or “positive feedback loops.” Let’s take a look at the current situation and put… Read More