What’s going on with the popular Emerging Markets ETF (EEM) and what are the key higher timeframe reference levels? Let’s take a look, starting with the higher weekly structure which identifies the two main levels: Cutting right the main point, major… Read More

With the recent sharp downturn in the stock market, we have a new list of most “over-extended” and “under-extended” stocks from their 200 day Simple Moving Average. Let’s take a look… Read More

Sometimes, it’s very important to strip your chart of all indicators and just focus on the message from price, which comes through clearest without all the clutter. There’s a very clear message from price itself in terms of range/value reference areas, so let’s listen to what price says and how… Read More

You’re probably aware of the large price breakout in defensive bond ETFs iShares Barclays 20+ Year Treas Bond (NYSEArca: TLT ) and iShares Barclays 7-10 Year Treasury (NYSEArca:IEF), but it’s always worth reviewing along with current price levels to watch for support… Read More

What tends to happen when gold forms an intraday “Three Push” price pattern on multiple-swing negative divergences into an overhead “Round Number” price resistance level? Let’s take a look at another… Read More

While Gold received most of the headlines/attention in the last few weeks, what has been quietly happening to Silver and Platinum prices? Let’s take a look at the parabolic move in Gold and see what the companion moves have been in related precious metals Silver and Platinum. Read More

With all the literature out there, it’s easy to find trade set-ups and entry strategies, but the real money is often made with proper exit logic/strategies. What did classical thinker Richard Wyckoff say about closing a trading position? In his book Studies in Tape Reading, Wyckoff identifies four specific reasons… Read More

I wanted to follow-up from the post “Lessons from Gold’s Three-Push Divergence into $1,800” from last week with an additional trading example of how to piece together the chart puzzle into a successful low-risk, high probability trade on the very short-term structure. Let’s take a look at the chart and… Read More

We’ve all been trading in a high volatility market, but how does the current surge in volatility compare to the past few surges in volatility since the 2007 market peak? Let’s take a look at what’s happening now and… Read More

Intraday traders had a great example of the “Three Push” pattern complete with multi-swing negative divergences into an overhead “Round Number” resistance level in Gold. Let’s take a look at how… Read More