The Bulls continue to show conviction, with lots of new all time highs being delivered most days this past week. We identify the stronger sectors and stocks, and changes since last week. We also explore and show examples of how some charts can give misleading impressions. Valuable chart study tips and examples help the trader determine their own objective impressions of what the market is doing and may be more likely to see next.
Large volume and breadth start out 2018 with a bang. We see both the Nasdaq and S&P deliver 4-day action not seen since the US election in Nov 2016. In addition to very low volatility and lots of new all time highs, we see increasing breadth with nearly all sectors but the small cap stocks this week. Let's explore the charts to see what we can learn from the behavior in the markets this week.
Markets were mostly quiet this holiday week and volume was light with a few exceptions. We look at how 2017 performed overall and study some of the stronger sectors this year. We saw some action with key commodities this week.
Markets start the week with a pop to deliver lots of new all time highs Monday. Most sectors drifted sideways or back down a little the remainder of the week. Two key Sector Break Outs this week, with examples to illustrate a way to identify potential trade opportunities. Several valuable methods shared.
The Markets oscillated, pull back, and then launched to new all time highs by the end of this week. Strong and weak sectors and stocks are compared, and an example of Top Down analysis exposing a trade opportunity. Learn something every day.
Markets see a minor correction and bounce this week. We compare differences in the timing and in the scope of this correction this week, and the following bounce to the close this Friday. Stronger and weaker sectors and stocks are exposed via the charts and their patterns and clues.
This week started out quiet, then major Sector Rotation began on Tuesday. We follow the volume out of some sectors and into others are November ends and December begins. Volatile reactions to various news events this week added to the market moves on Thursday and Friday. See now these kinds of events usually get absorbed. Plenty of clues provided in the charts.
We see a strong resumption of the bull trend this Holiday week, with some important changes in its character. Historic volatility levels continue. Chart examples of price behaviors, and finding clues on your own.
Mixed markets as tech strength rests and other sectors react. A Narrowing group of big leaders continues to drive these markets. Interesting Earnings reactions and chart examples of 'Gap-n-Go' and 'Gap-n-Fill' patterns. Options expiration paused many trends at the end of this week. Lots of chart examples and clues to observe.
Markets pulled back a little this week, ending a 6 to 8 week string of up weeks in the major indexes. Earnings reactions drove Gaps that gave us some examples to study. Most strong sectors remain strong, as few trends have changed. One exception that is more bearish this week we look at. Economic growth indications weaken along with momentum over the past 5 weeks. Lots of clues again seen in the charts.
The Bulls continue their run, and Tech continues to lead the way. Oil moves up as Gold and the US Dollar have stalled. Earnings and Earnings reactions continue to provide fuel, but with less velocity this week. The Homebuilders took a hit on Thursday which we look at how we reacted. Plenty of chart patterns to learn from.
Bullish trend continues with a change in leadership as Earnings Mania spake strong reactions in Big Tech that even draws in the bystanders. Chart examples and follow up on past chart patterns studied. Objectives of the Top Down market evaluation process.
Bullish trends continue in most markets, with slowing momentum in some areas and an explosive ending of this week in others as Quarterly Earnings continue. Examples of Top-Down Market Analysis used to find Opportunities early enough to capitalize on them.
Markets saw the bull rally continue this week, but with a little less momentum. Some sectors continued at their strong pace, while others paused this week. The Breadth of this rally continues to be wide, as volatility remains low. A high speed event is evaluated to find out what may have happened.
Markets continue the bullish trends, with changes in Strength and increasing Breadth. Looking at Sectors and selecting strength and opportunities. Head and Shoulders pattern example review. Example of using your imagination and thought processes to find opportunities.
The quarter ended with a flurry of bullish activity in most markets. Significant economic indicators and broad participation encouraged the bulls. Consolidation patterns and their probabilities seen with examples. Money rotation continues to the bullish side.
Mixed markets this week, with some sectors delivering new all time highs, while others remain flat, and some drop down to test for support. Second week money moving from Utilities into Industrials. Sector analysis leads us to stock selection as strength and weakness are found. Importance and purpose of Trailing Stops.
Some Markets aggressively break out from last week's consolidation while others did not. Quadruple expiration this Friday and Apple new product event Tuesday provided unique opportunities for Options traders. Examples of my favorite pattern and Objectives of learning Top-down analysis explained.
Markets in Consolidation this short Holiday week. Changes in leadership and strength identified, and reactions to Major Storms in the USA seen in the charts. Examples of charts showing strength and weakness this week.
No major changes this week, last week's bearishness continued this week in most markets. Review reasons why a weekly market analysis process has value, and examples of the clues found when doing a Top-Down market analysis. Key Sectors and Stock charts are reviewed for the clues they can give.
Lots of market breadth showing bearish behavior this week. Key levels of support broke and a change in trend confirmed on many daily charts. Even during a bearish week, we continue to see the strength of a few bulls, while the already weak bears seem to get even more bearish. The nature of changes in trends studied and compared. Plenty of key messages in the charts this week.
Markets making new all time highs early this week, then get knocked down with 'event' reactions on Thursday. An opportunity to study of how various markets absorb this one-day-event, different measures of Volatility, and comparisons of prior 'reactions' earlier this year. Keeping Objective with our trading decisions.
Markets are mostly quiet, with mixed indexes and mixed reactions to earnings. A few stocks continue to drive most of the small changes in the major indexes. Financial sector finds strength while Transports weaken - for mixed Economic signals. Some commodities improve, while the US Dollar weakens. Charts of some leaders are evaluated, and high odds patterns confirmed, as behaviors in markets are identified. Interesting examples in various sectors.
Market Observations this week included all time new highs for all the major indexes, a wide variety of gaps on earnings news, and a volatile one hour reaction to a surprise 'event' on Thursday. Each provided an opportunity to observe how the markets behaved this week, revealing the market's character in the process. Great examples of comparative studies.
Some expanding volatility this week as most markets remain in there horizontal trends. The week, month and quarter ended with no major changes, however there are some bearish hints. A look at some key stocks and sectors as we watch for clues.
Overall markets continue their bullish trend. Tech absorbs last Friday's correction with mostly horizontal churn. Key support being testing in some sectors, while others move to new all time highs. Overview of bullish and bearish and horizontal charts, patterns, and any key changes this week.
Lots of great charts to study this week. All time new highs delivered in major indexes, and Friday saw a claw-back of two weeks of gains in most of the monster FANG and Tech stocks. Signs of money rotation during the Tech selling. Clues from the charts to watch going forward for signs of confirmation.
Markets continue with the same character this week. S&P and NASDAQ deliver new all time highs, the few strong stocks and sectors remain the same as do the weak ones. Options volatility drops back below 10% as Amazon and Alphabet near $1,000 per share. Lots of chart patterns and examples to learn from, including one of my favorites.
Market Overview, with little change in character or market Trends after a one day Shake Down this Wednesday (May 17th). The Strong Stocks and Sectors remain strong, and the Weak remain weak. Slow economic growth clues continue while new highs are in mostly one sector. Aggressive to Conservative signal examples given for a stock short entry.
Market continue in mostly consolidation, with sectors that are more bullish and others more bearish. April options expiration. Key Sector weakness, while some seasonal bulls appear. Clues from the charts help us prepare.
Markets changing with some Bearish observations worth noting. The Market Consolidation weakens as some support begins to break down. Examples of key chart Technical events and stocks that are moving with the overall markets as well as some that are ignoring the markets.
Markets were mostly horizontal this week, as a pause in the prior trend continues. Triangle patterns and market reactions to surprise news events are studied. A few monster stocks doing their own thing.
Markets bounce to end the week, month and quarter. Most markets have not changed their March bearish moves that delivered both lower lows and lower highs for the month. The exceptions are pointed out. Key areas to watch for confirmation of bearish change in trend, a pause in the bullish trend, or a resumption of the bullish trend.
Markets saw the first significant change this week, since the US Elections, with a one day 'correction' on Tuesday. Various areas of support was broken Tuesday, while others held. Some strong Stocks and Sectors that did well this week. Early clues and Divergences seen this month that continue to cast some doubts on the post election rally.
Markets mostly horizontal this week during key events: Fed rate announcement, quad witching expiration and rebalancing. Some exceptions that are trending (bulls and bears) and some key patterns set up for next week. Chart reading with a variety of examples.
This week saw a continuation of the trend that began Feb 9th. The Dow has delivered 11 all time new highs in a row. Some indexes slowed or paused their climb this week. A few sectors and stocks saw a significant drop on Feb 23rd. Examples of 4-month trends still climbing, and others pausing. Lot of chart details to learn to observe that can give clues.
This week we see the Trend continue with delayed confirmation from Transports and Financial sectors. More examples of key patterns from Simple Moving Averages and the behavior at Support and Resistance levels.
This week markets break out of their horizontal pause to new Highs. Stronger sectors, weaker sectors, and key patterns observed with Support and Resistance. Examples of prior and new Resistance, and how to locate them.
High Odds patterns and trends reveal themselves, confirmation with Higher Highs and Higher Lows. Test and establish new Support and Resistance. Sector participation, and Earnings reactions. Great examples this week of key patterns and their clues.
Historic events this week: Dow 20,000, and over 10 major US indexes all delivering new All Time Highs on their weekly charts. Signaling a Major market change from a Horizontal 'pause' to a Bullish Impulse this week. Lots of great examples to study of how the charts have signaled this significant change.
Most markets remain in horizontal 'pause' as Earnings ramp up, Jan Options expire, and new US Administration takes office. A few exceptions and trending stocks are looked at. Clues from Options markets.
Market reactions to FOMC rate hike Wednesday and Quadruple Witching Friday. Mostly horizontal markets, with trends continuing or pausing. Comparison of market sectors and examples of strong vs weak stocks.