Market changed their Trend from Bearish to Bullish and deliver one of the strongest rallies this year this week. All sectors were positive this week. Finding relative strength and weakness when everything seems to be up. The nature of Confirmation of a change in Trend.
Markets resume their decline with a brief failed rally to encourage the Bears. Earnings have an impact on Stocks, sometime it is a brief one day impact, and other times it may persist. Market Context has an impact as well. Lots of Examples of both this week.
Markets pause Monday then continue higher Tuesday to see a failed rally. The next 3 days see strong & broad selling. VIX reaches new 6-month highs and 10 year Yields deliver new 16-year highs as Uncertainty continues.
Markets continue lower then find some Support mid week. A one day rally on Thursday is given back on Friday. Finding the leaders within the noise. Lots of bonus analysis this week with Sectors, Indexes, and weighting comparisons. VIX and VVIX abnormal behaviors identified.
Markets change direction and rally with broader breadth this week. The 'RISK ON' theme is back as defensive sectors see money outflows as money flows into Tech, Energy and Semiconductors. Observing the '3-Wave' pattern and practical ways to trade it.
Markets pause their rally then see strong selling one day to change the trend. Breadth indicators show how most markets participated in the selling this week. Reactions to Earnings drive mixed markets and sectors. Narrow Leadership still matters.
Markets see the Rally resume after a brief test of support. Explosive moves seen this week with over a 2 standard deviation move higher. Using the 'Expected Move' for pricing Risk and tracking its performance.
Markets changed from Bullish to Bearish this week as breadth sold with strength early on Thursday and late on Friday to end the week down in most Indexes and Sectors. Finding the rare Bullish opportunities this week.
Markets changed from Bearish to Bullish this week with a change in leadership as well. Multiple ways to identify relative strength and leadership. Not all trading opportunities are moving with their Sector or Index.
The Markets resumed their Trends with broader breadth and stronger momentum this week. Following momentum and changes in Leadership to improve your odds by trading the strongest stocks in the strongest sectors.
The Markets show us both Broad Breadth on a few days and Narrow Breadth on other days this week. Finding correlations with Breadth charts, indexes and sectors to Identify the true Leaders. Clues from the Options market, extremes in Volatility SKEW and Volume.
Markets pause, drop for two days then a strong Rally is sparked Thursday and Friday with narrow Breadth. Divergences between Indexes, Sectors and Breadth Indicators show us the narrow strength on display this week. Options SKEW peaks.
Last week's divergence gets resolved this week. Markets accelerate and move beyond their 'Expected Move' this week. Following the strongest stocks in the strongest sector delivers high odds opportunities.
Markets diverge between major indexes, giving us clues along the way. Narrow Breadth to the Nasdaq rally this week is exposed. We look at why size matters. Lots of charts to expose narrow Leadership this week.
Markets delivered a mix of new highs, a strong decline and a strong rally this week. Finding clues from extremes in Sentiment indicators and changing leadership. Lots of charts to study and L-earn from.
Quiet markets react to Economic News and Earnings with volatile swings. The March rally tries to resume but with daily challenges. Following leadership and the Money as Sector In-Flows and Out-Flows change daily.
The rally late last week failed to continue this week, with failed rallies seen Monday and Tuesday that were followed by selling Wednesday and Thursday. Some exceptions stand out that can provide opportunities. Sector analysis helps focus our search for high odds trades.
Markets continued with a mild decline the first 2 days then Reversed with a strong rally the last 3 days this week. Multiple Breadth clues showed the momentum of the Buyers this week. Lots of clues from the charts to show strength and sector rotation as Q1 of 2023 came to an end.
Markets drifted higher the first half of this week until the Fed raised rates and made comments that triggered violent reactions. Volatility settled eventually on Friday to see the mild drift higher continue. Lots of clues from the charts of what stocks and sectors are seeing money flow out of or into this week.
Markets see another failed rally Monday followed by selling to lower lows. Selling climax in breadth and volume seen Thursday and Friday as a Bank failure and rumors feed FEAR of contagion. Lots of charts to see the impact of extremes seen this week.
Markets break below support to continue the decline this month. Only one positive sector this week while all others are down. Most big tech names are down with few exceptions. Some indications of the strongest selling in 2023 were seen this week.
The rally last week did not continue this week as we saw two examples of 'Failed Rallies' that were followed by Lower Lows. Clues from the Options markets this week. Using the 'Expected Move' to see how well (or not) the Option Markets price Risk.
We saw the rally continue this week with a pause or minor correction seen on Monday and Friday. We saw more mixed reactions to Economic news and Earnings reports. We look at monthly charts and changes in leadership.
The rally from last Friday continued this week with strength shown on Monday and Thursday. Mixed reactions to Earnings, with some strong positive reactions to a few key BIG stocks. Finding strength and trading 'with' the Trend for improved overall odds.
The rally from last week ended with a strong selling day this week. After finding support we saw a strong rally on Friday. We look at Indexes and Sectors for clues of Strength and Weakness. Divergent clues from measures of Options Volatility last week were resolved this week. Lots of charts to help build your chart reading skills.
The rally we saw begin last Friday continued higher this week after a brief failure. Finding high odds trades with leading sectors. A Divergence forms with Options Volatility that could form a warning. Lots of charts to study and L-earn from.
Major indexes continue their pause this Holiday week until the Jobs report sparks a rally on Friday. We identify leading sectors and stocks by making simple comparisons over the past weeks that were mostly rewarded this week.
Most indexes continue a little lower or pause for the Holiday week. We look back over 2022 to see what Indexes, Sectors and key Stocks did and what sectors lead during the mostly bearish year. Lots of extra charts to Identify market behaviors in the long term and short term. Extremes in Options markets this week and month.
The decline continues with another one day failed rally mid week. Lower lows this week in most indexes and sectors with a few exceptions. Identify and follow the strongest names in the strongest sectors to find higher odds opportunities.
The pause we saw last week continued this shortened Holiday week with a few exceptions. Finding divergences that act as clues. The benefits of a top-down process to find high odds opportunities. Lots of charts and examples to study.
The rally last week took a pause this week. We saw little gains and mostly small losses this week in most indexes and stocks. Looking for clues and being prepared for the next move, break out or break down.
The rally returns after a brief pull back. Large reactions to CPI data with record breaking actions. Lots of clues offered this week in the charts. Finding strength and weakness within the current market context.
The rally paused and reversed this week with most major indexes declining for the week. Comparing Indexes, Sectors and Stocks to identify leaders and laggards with multiple methods. Options continue to under price actual market risks. Lots of extra charts to show visual comparisons. Enjoy.
Markets continue their rally, pause, and then resume higher. We identify stronger Indexes, Sectors and Stocks that deliver more than +6% gains this week. Reactions to earnings narrows the list of strong names.
Markets rally, pause, pull back then rally strong one day. The rally did not exceed prior highs so we will wait for confirmation from higher highs or a failed rally with lower lows. Strong reactions to Earnings with Leading Sectors showing off with some impressive gains this week.
Markets continue lower then pause before key economic data is released. Over reactions to data as a very wide range day is seen followed by a day that negates most all of those over reactions, ending the week down for most stocks and sectors. Options data suggests this over reaction was no surprise. Methods of finding the Bullish Exceptions within a mostly Bearish market place.
Markets experience a two day rally that finds Resistance and drops hard at the end of the week. Some sectors lead higher while others show weakness. Tracking and comparing relative strength this week within a Bearish market context.
Markets continue lower with another failed rally. Record new lows are delivered on multiple Indexes, Sectors and Stocks. A few exceptions are found that actually increased in value this week. Comparing daily, weekly, and monthly changes in Leadership to help identify high odds opportunities.
Markets continue lower with failed rallies that are followed by lower lows. We saw strong surges in selling after key News events. Some Indexes, Sectors and Stocks delivered new 2022 lows this week. Any sign of a market bottom yet?
Markets continue lower then reverse and rally for 3 days. The US Dollar Index makes 20 year highs as Oil prices dip lower. Leading sectors produce high gains this week. Lots of charts to study and expose relative strength.
The week began with continued selling, then paused. We saw a failed rally that was followed with very strong selling on Friday. No signs of capitulation this week. The Options markets have provided us with clues even when it has shown us that is has under-estimated real risks.
Markets continue their rally until finding Resistance Tuesday where strong selling kicked in. News driven reactions seen on Wednesday and Friday, driving markets lower for a negative week in most names. Trend Lines break this week. Finding exceptions that seem to ignore the overall trends.
Markets see a failed rally on Monday with mild selling that continued Tuesday. CPI data fueled a positive reaction Wednesday and PPI data fueled a failed rally on Thursday. Friday saw buyers drive markets higher for a 4th week. Comparing Indexes and Sectors to reveal longer term leadership.
Markets continue their rally after a brief pause. Earnings & economic news reactions. Extremes in Complacency, Options Implied Volatility exposing the under-pricing of actual Risks. The lack of FOMC Balance Sheet reductions and creative examples to expose leadership sectors and stocks. Lots of charts to learn from.
Markets gap up and fail, then gap up and rally for a few days then pull back. Extremes in Options complacency and hedging activity. Preparing for likely expansion of Volatility next week. Lots of chart examples to help find leadership as it changes.
Last week's rally fails and is followed by 4 days of decline this week. Friday sees a gap up and rally that fails to exceed prior highs. The US Dollar hits new 20 year highs as other currencies drop. The Yield curve flattens and continue to show 'Inversions'. Sector leaders continue to lead. Lots of clues found in the charts.
Markets rally to recover last week's losses. Sector leaders and laggards and changes in leadership expose high odds opportunities. Multi-year extremes in the US Dollar Index, VVIX and SKEW. Preparing for Earnings season next week.
Another failed rally followed by a decline. End of June chart review. Options Volatility continues to under estimate real market risks. Following strength and weakness to find high odds opportunities. Conflicts between time frames can expose opportunities.
Markets reverse with a brief show of strength late this week. Examples of Gaps that fail and gaps that show follow through higher seen this week. Following sector strength and weakness for higher odds opportunities. Preparing for the unknown. Options continue to under price actual Risk.
Markets continue to sell off but with even stronger Breadth and Volume this week. Lots of new 52 week lows and negative extremes in some breadth indicators but not in the Options data. Digging deep into Market Clues seen in the charts.
Markets continued their pause, then support breaks late Thursday and markets gap down hard Friday with Volume and Breadth. Identifying strength when every sector is down for the week. S&P delivers a second 2-standard deviation move in 3 weeks. Following money flow.
Markets again deliver a failed rally that is followed by new 2022 lows on strong selling volume. Most sectors are down this week and money flows out of Equities. A weaker dollar does not help commodities much. Something seems off with the VIX as it may not be effectively pricing risks.
Selling continued strong Monday to eventually find support on Thursday. Friday's bounce stalled out 1/3 of the way into the day and failed to exceed this week's highs. Extremes in various Market Internal indicators this week expose the strength of the Bears vs. the Bulls. Lots of charts to study and L-earn from. Details of Options SKEW are explored and illustrated.
We see another Failed Rally this week that is followed with a drop to lower lows. Options SKEW at an extreme as negative breadth and volume shows itself. Many new Lows for the year are seen delivered this week. Clues as to Sector strength and weakness.
Markets experience two failed rallies this week that deliver lower lows as the bears and breadth gain negative momentum. Earnings Reactions, Options 'Expected Move' and extreme moves greater than 2 standard deviations. Lots of clues that show us who is in control.
Markets again deliver a failed rally that is followed by strong selling. Extremes in selling momentum and breadth seen this week. Using Trend Lines on Intra-day charts. Sector analysis as it exposes breadth.
Markets resume their pattern of failed rallies and selling to lower lows. Options Expiration that was NOT normal. Treasury Yields break 25-year Trends. Commodity strength as Economic concerns grow. How I use Trend Lines.
Markets deliver another failed rally that is followed by strong selling. Following the money flow out of various sectors and into others. Examples of both Bullish and Bearish opportunities within the current markets.
Selling continued Monday to find support. Tuesday the Buyers stepped in with conviction that was shown all week. Finding clues in the charts from key Technical levels when tested or violated, and from observations when 'Normal Behavior' DOES NOT happen. Lots of charts and examples to study.
The selling from late last week continued this week followed by a failed rally. This week again ended with selling that saw an overall decline from last week's levels. A few Bullish exceptions this week in a Bearish market context.
The violent rally we saw last week stalled this week as it failed to deliver higher highs and the Bears returned and resumed their selling lower. Finding Strength within a Bearish context. Lots of chart examples to show Leadership higher and lower.
Markets continue Bearish then turn Bullish with an extreme reaction. Lots of great examples this week with charts to study and examples of the 'Expected Move', 'Bullish Spike', Round Tops & Sharp Bottoms, and measuring Volatility over longer time periods.
Markets consolidate, retest Resistance, then strong selling returns to end the week near lower lows. A Selling Surge was seen mid day on Friday for 80 minutes of extreme selling actions that left a market on a number of charts that expose where money flowed during that brief panic. Lots of charts to study and L-earn from.
Markets paused then began to sell off. Reactions to the Fed and Jobs reports. Sector analysis aids in finding high odds opportunities for both the bulls and bears. Examples of Break outs and Break downs. Lots of charts to study and learn from.
Markets continue their rally then stall and pull back. Changes in money flow between Sectors. Additional analysis and charts as 2021 comes to an end. Key Observations from long term charts. The Traders Paradox.
This is a document with all the charts but no commentary. This can be used as a tool to do YOUR OWN review of the charts and annotate what YOU see in them. DO THIS FIRST - 'before' you read my 'Market Observations' for this same week so you have no bias. Then, as you read my 'Market Observations' for this week you can compare to see what is similar or different to what you saw in the same charts. You may see something I did not see or write about, or I may see something you missed. Either way, you can improve your chart reading skills by performing this exercise each week 'BEFORE' reading my 'Market Observations' or anyone else's comments. This can be a productive way to improve your chart reading skills. I hope you will try it.
The Rally continues after a brief correction. Using Volume, Implied Volatility and Market Cap. to expose clues seen in the markets. An example of using Fibonacci Extensions. Climax warning signs. Lots of charts to study and L-earn from.
Markets continued their rally with some changes in leadership during the Holiday week. We look at long term charts (15yrs) as well as comparisons to identify leadership in 2020. Money Supply and its affects in the markets. Lots of Charts to study and L-earn from. Enjoy.
Some markets continue their rally while others 'pause' this Holiday week. Using comparison charts to see Divergences or changes in character. Typical Market reactions to News events. Lots of charts to study and learn from.
Markets resume their rally, delivering new record highs. 'Sentiment' Indicators like SKEW, and Technical Indicators like Fibonacci Extensions, knowing how to use them as well as more importantly how NOT to use them. Lots of charts and examples to L-earn from.
Volatility has returned to the markets this week with the largest price swings and VIX levels seen in years. We also saw a quick 14 minute flash crash on Monday when the Algos took over, leaving a mess the remaining 43 minutes of the session. In the damage, we compared and identified the stronger stocks that did well this week. We also look at an example of a bearish position.
Some volatility returns to the markets with a minor correction seen with plenty of marekt breadth. Some sectors and stocks gave back all of their 2018 gains, while others held on. Spotting relative strength and weakness even in a down week. The value of having and sticking to your plan seen at work this week.