CappNotes

Spotted – October Volatility

Key Points: 1-The SPX just went 20 trading sessions between 1% declines, which is the longest run between...

10/8/24 - 2 Buys

For each buy idea, you’ll see: 1-the pattern in blue or green 2-target 3-the suggested stop in red   For...

Four Straight Up Weeks

Topics Covered: Market -SPX 5-day path -Weekly winning streaks -Weekly moving averages -Live patterns -AVWAP             Daily Stats -Daily price action -Index breadth -Sector performance -Best...

Week of 10/7/24

Topics Covered: Market -SPX 5-day path -Weekly winning streaks -Weekly moving averages -Live patterns -AVWAP             Daily Stats -Daily price action -Index breadth -Sector performance -Best...

Chart of the Week & Content Wrap - 10/4/24

Chart of the Week – Trading Boxes This write-up appeared in this past Friday’s Opening Look piece,...

October 2024

Post Jobs Setup

Key Points: 1- Over the last 10 trading days, the SPX has alternated gains and losses, with the only...

Breakouts and Drawdowns

Key Points: 1- The SPX remains above its most recent pattern breakout zone (5,650), having moved sideways...

A Familiar Start

  A Familiar Start Even though the SPX avoided a 1% loss on Tuesday, the 93-bps decline was the...

Another Slow Start

Key Points: 1- The SPX’s 93-bps loss on Tuesday was the worst in nearly a month (9/6).  Early monthly...

10/2/24 - 2 buys

For each buy idea, you’ll see: 1-the pattern in blue or green 2-target 3-the suggested stop in red   For...

October and Q4’24

Topics Covered: SPX -Key monthly stats -Patterns -Monthly chart -Q4 Seasonality -Q4 studies   Monthly...

The Last 11 Months

Key Points: 1- The SPX’s current 11-month % gain is +36.8%. That’s the best 11-month run since the period...

Chart of the Week & Content Wrap - 9/27/24

Chart of the Week – AAPL This write-up appeared in this past Friday’s Chart Trades piece.  It was...

Hovering

Key Points: 1- From the September 6th low point, the SPX has gained nearly 7%.  This is only the fifth...

9/27/24 - 2 buys

For each buy idea, you’ll see: 1-the pattern in blue or green 2-target 3-the suggested stop in red   For...

Clusters of Big Gains - Revisited

Key Points: 1- In strong markets, clusters of big gains that happen after corrective action can eventually...

The S&P 500 vs. its RSI

If you haven’t heard, the SPX has been making new all-time highs for nearly a week, but its 14-day RSI...

RSI – Confirming or Diverging?

Key Points: 1- Overall, of the 11 S&P 500 Sector ETFs, just two are currently overbought – XLY Consumer...

Hanging Around

Key Points: 1- The SPX now is +6.2% from the September low and is hanging close to its recent all-time...

9/24/24 - 3 buys

For each buy idea, you’ll see: 1-the pattern in blue or green 2-target 3-the suggested stop in red   For...

Weekly Winning Streaks

Topics Covered:  Market -SPX 5-day path -Weekly winning streaks -Weekly moving averages -Live patterns -AVWAP             Daily Stats -Daily price action -Index breadth -Sector performance -Best...

Week of 9/23/24

Topics Covered:  Market -SPX 5-day path -Weekly winning streaks -Weekly moving averages -Live patterns -AVWAP             Daily Stats -Daily price action -Index breadth -Sector performance -Best...

Chart of the Week & Content Wrap - 9/20/24

Chart of the Week –  Now vs. Spring’24 Currently, we’re still in the throes of an historically...

The Next Phase

Key Points: 1- The 1.7% advance now is the SPX’s third 1% gain of September and the fifth absolute 1%...

Two Bullish Pattern Breakouts

Key Points: 1- The SPX will be breaking out of the two bullish patterns we’ve been profiling on the open. ...

The Cut

Key Points: 1- The SPX now has logged THREE winning streaks of at least seven in the last three months. ...

Top of the Range

Key Points: 1- The SPX’s six-day winning streak has been accompanied by closes near its intra-day highs.   2-...

9/17/24 - 2 buys

For each buy idea, you’ll see: 1-the pattern in blue or green 2-target 3-the suggested stop in red   For...

Another Five-Day Winning Streak

Topics Covered: Market -SPX 5-day path -5-day winning streaks -Big weekly gains -Weekly SPX charts -Live...

Week of 9/20/24

Topics Covered: Market -SPX 5-day path -5-day winning streaks -Big weekly gains -Weekly SPX charts -Live...

SPX Approaching a Key Level

  SPX Approaching a Key Level As we know, the market’s real move happened on Wednesday with the...

The New Range

Key Points: 1- The SPX has respected support at 5,400 and resistance at 5,650 the majority of time since...

9/13/24 - 2 buys

For each buy idea, you’ll see: 1-the pattern in blue or green 2-target 3-the suggested stop in red   For...

Reversal

Key Points: 1- The SPX logged a huge positive reversal yesterday. We compare this one to others in the...

Another +40% VIX Week

Topics Covered: Market -Intra-day -Breadth -Put-call ratio -Retracements -VIX 40% weeks -VIX golden cross -Live...