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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...

Four Straight Up Weeks

Topics Covered: Market -SPX 5-day path -Weekly winning streaks -Weekly moving averages -Live patterns...

Week of 10/7/24

Topics Covered: Market -SPX 5-day path -Weekly winning streaks -Weekly moving averages -Live patterns...

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...

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...

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...

Weekly Winning Streaks

Topics Covered:  Market -SPX 5-day path -Weekly winning streaks -Weekly moving averages -Live patterns...

Week of 9/23/24

Topics Covered:  Market -SPX 5-day path -Weekly winning streaks -Weekly moving averages -Live patterns...

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....

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...

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  ...

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...

Chart of the Week & Content Wrap - 9/6/24

Chart of the Week – SPX Short-Term The following chart and comments appeared in Friday’s Opening...

9/6/24

Market -Losing Streaks -Short-term -Breadth when Tech lags -Live patterns -Potential patterns -AVWAP          ...

Losing Streaks and Breadth

Key Points: –The SPX now is down three straight days.  The last losing streak longer than three...

This Trait Needs to Change

We recently discussed the rejuvenation of big moves over the last five weeks: 12 +/-1% moves in 24 trading...

Searching for a Good Close

Key Point: –Over the prior eleven trading sessions, the SPX has finished above its intra-day mid-point...

9/4/24 - 2 buys

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

A Familiar Start

Key Points -With yesterday’s big decline, the SPX now has logged 12 absolute 1% moves in the last 24...

September’24

Topics Covered: SPX -Key monthly stats -Patterns -Monthly chart -September Seasonality -Best Starts in...

Chart of the Week - 8/30/24

  March’23 Officially, Thursday’s move was a down day, which gave us two straight losses. ...

8/30/24

Market -March’23 -November’23 -Short-term -Trading Boxes -Live patterns -Potential patterns – bullish...

Most Volatile Month Since March'23

Key Points: 1- Yesterday’s negligible down move gave the SPX its first losing streak since the three...

NVDA

To get a true sense of NVDA’s momentum and trend, we must look at the stock on the weekly chart in log...

Late Summer Fireworks

Key Points: 1- The SPX has alternated gains and losses the last seven trading sessions after the eight-day...

8/29/24 - 2 buys + NVDA

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

August 2024

Engulfed

Key Points: 1-The SPX logged its fourth bearish engulfing pattern of 2024 yesterday.  Short-term weakness...

The Next Trading Box

Topics Covered:     Market -Intra-day -Trading boxes -Live patterns -Potential patterns -AVWAP         ...

After the Spike

Key Points: 1- From the August 5th low through yesterday’s peak, the SPX gained approximately 9.9%. That’s...

The First Time Since June'23

Key Point: For the first time since June’23, the SPX has logged FIVE 1% gains in a calendar month....

8/20/24 - 2 buys

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

Seven Straight & Target Hit

Topics Covered: Market -SPX 5-day path -Seven-day winning streaks -Weekly SPX charts -Live patterns -Potential...

Week of 8/19/24

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

Chart of the Week & Content Wrap – 8/16/24

Chart of the Week – FIS FIS was one of FOUR buy ideas that appeared across two Chart Trades pieces...

Clusters of Big Gains

Key Points: 1- The SPX now has had three 1% gains in six days.  We haven’t seen a cluster of 1% gains...

8/16/24 - 1 buy

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

Another 5-Day Winning Streak

Key Points: 1- The SPX now has logged SEVEN winning streaks of at least five days since the October’23...

Strong 6-day Moves

Strong 6-day Moves Altogether, the SPX now is +4.8% over the last six days, which is the best six-day...

Strong 6-day Moves & CPI

Topics Covered: Market -Intra-day -Strong 6-day moves -SPX & CPI -Live patterns -Potential patterns...

8/14/24 - 3 buys

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

The Retracement

Topics Covered: Market -Intra-day -Steps for a new uptrend -Retracement -Live patterns -Potential patterns...

8/12/24

https://vimeo.com/manage/videos/997757590 Market -Weekly SPX charts -Drawdowns -Live patterns -Potential...

New Breakout Target

Key Points: 1- The SPX’s pullback from the channel’s upper threshold does not look too different than...

Week of 8/12/24

Key Points: 1- The SPX’s pullback from the channel’s upper threshold does not look too different than...

Chart of the Week & Content Wrap – 8/9/24

Chart of the Week – MSFT MSFT was one of FOUR buy ideas that appeared in Friday’s Chart Trades...

A Short-Term Bullish Pattern

Key Points: 1- The S&P 500 finished yesterday near the potential breakout zone of a key short-term...

8/9/24 - 4 buys

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

8/8/24

Market -Steps for a new uptrend -Five straight 1% moves -The most important trend -Patterns Stats -Daily price...

The Most Important Trend

Key Points: 1 -Overall, from 5/31–7/8, the SPX closed above its mid-point 19/25 days or 76% of the time....

Steps for a New Uptrend

Key Points: 1- We review the seven steps needed for an uptrend to be re-established below.   2- The SPX...

Missing Uptrend Traits

Missing Uptrend Traits Bad closes have been the norm before and now, during, the summer correction of...

Discovery

Key Points: 1- The SPX has been missing five key components necessary for an uptrend since the second...

8/6/24 - Oversold & Near Support

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

Week of 8/5/24

Topics Covered: Market -SPX 5-day path -Weekly SPX charts -Drawdown scenarios -Live patterns -Potential...

Chart of the Week & Content Wrap – 8/2/24

Chart of the Week: 1% Gain => 1% Decline This chart appeared in Friday’s pre-market Opening Look piece,...

Another First...

Key Points: 1- The SPX followed a 1% gain with a 1% loss yesterday for the first time since August 23-24,...

August’24

Topics Covered: SPX -Key monthly stats -Patterns -Monthly chart -August Seasonality   Monthly Breadth...

SPX & FOMC

Key Points: 1- The SPX has been higher two weeks after a Fed rate decision six straight times.     2-The...

Waiting

Key Points: 1- The last time the SPX had two straight trading box breakdowns was last August and September....

7/30/24 - 3 buys

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

July 2024

Big Week

Key Points: 1- On Friday, 87% S&P 500 stocks finished higher, which was the best breadth day since...

Week of 7/29/24

Key Points: 1- On Friday, 87% S&P 500 stocks finished higher, which was the best breadth day since...

Chart of the Week & Content Wrap - 7/27/24

Chart of the Week – 2 % Declines As we know, the SPX logged a 2% decline on Wednesday for the first...

Reversals

Key Points: 1- The SPX’s drawdown stands at approximately 5% after yesterday.  If the bleeding stopped...

Unwind

Key Points: 1- 2% declines don’t happen a lot, but they are not rare.  Of the last 30 years, the SPX...

Sub-par Closes

Key Points: 1- Yesterday marked the SPX’s eighth close below its intra-day mid-point in the last 10 trading...

Clusters of 1% Moves

  1% Moves With the second 1% gain of July on Monday, the SPX has notched at least two 1% advances is...

No Summer Doldrums Yet

Topics Covered: Market -1% moves -Clusters of big days -Live Patterns -Potential Patterns -AVWAP         ...

7/23/24 - 3 buys

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

The Response

Key Points: 1- Seasonality: On average, the DJIA has sold off soon after the month’s second half has...

Week of 7/22/24

Key Points: 1- Seasonality: On average, the DJIA has sold off soon after the month’s second half has...

Shakeup

Key Points: 1- The SPX now is down two straight days.  Since the April downturn, there only has...

Monster Rotation Continues

Key Points: 1- Rotation continued to be the dominant theme, and this has resulted in eight straight days...

Historic Movement

Key Points: -Among other stats, here’s this:  IWM’s 14-day RSI now is at 80.  The indicator only has...

Opening Look & Chart Trades

OPENING LOOK Comparing the Rallies From the April low to yesterday’s intra-day high, the SPX has gained...

Comparing the Rallies

Key Points: 1- From the April low to yesterday’s intra-day high, the SPX has gained +14.6% over 58 trading...

7/16/24 - 3 buys

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

Breadth: New All-Time Highs

Key Points: 1- Six S&P 500 sectors gained at least 2% last week, which prompted the index’s advance-decline...

Week of 7/15/24

Key Points: 1- Six S&P 500 sectors gained at least 2% last week, which prompted the index’s advance-decline...

Chart of the Week & Content Wrap – 7/12/24

Chart of the Week – Real Rotation The rotation out of Tech and into everything else was widely...

Tech Lags, Everything Else Rallies

Key Points: 1-The S&P 500 now has had positive breadth for eight straight sessions on days in which...

7/11/24

Bullish Stats

Key Points:  1- Yesterday’s 1% gain ended the 22-trading day drought without one.  That was the longest...

Six Straight Gains

  Six Straight Gains Officially, the SPX notched its sixth straight gain yesterday, which started on...

Six in a Row

Key Points: 1- The SPX now is up six days in a row. Since the October’23 low point, this now is the index’s...

Eighth Pattern Target Hit

Key Points: 1- The SPX hit its eighth bullish pattern last week at 5,555.  We’re left with one live...

Week of 7/8/24

Key Points: 1- The SPX hit its eighth bullish pattern last week at 5,555.  We’re left with one live bullish...

Chart of the Week & Content Wrap – 7/5/24

Chart of the Week – The Strongest Stocks Buying only the biggest stocks may not sound appealing...

On Watch

Key Points: 1- The SPX’s MACD indicator recently triggered its 12th sell signal since April’23: nine...

The Strongest Stocks

Key Points: 1- The SPX finished about 80 bps shy of achieving the latest bullish pennant objective of...

The Real Trend

Key Points: 1- The SPX’s last 1% advance occurred on 6/5, which was 17 days ago.  This now is the longest...

7/2/24 - 2 buys, 1 Short

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

July'24 & Q3

Topics Covered: SPX -Key monthly stats -Patterns -Monthly chart -July Seasonality -After a Strong 1st...

Chart of the Week & Content Wrap - 6/28/24

  Chart of the Week – 1% Moves So far in June, the SPX has logged just a single 1% advance...

Almost Halftime

Key Points: 1- The SPX is set to log its seventh monthly gain in the last eight as June concludes. It...

June'24 vs. July'23

Key Points: 1- So far in June, the SPX has logged just a single 1% advance (6/5) and zero 1% declines....

Chart Rundown

Key Points: 1- We’ve seen the same kind of mini pattern play out throughout June for the SPX:  A big...

Rotation Revisited

Key Points: 1- As late as 3:00 on Monday, 80% of the SPX’s stocks were up.  The late selloff knocked...

6/25/24 - 3 buys

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

Top of the Channels

Key Points: 1- The SPX now is up 8/9 weeks and is testing the upper lines of TWO upward sloping channels....

Week of 6/24/24 - Top of the Channels

Key Points: 1- The SPX now is up 8/9 weeks and is testing the upper lines of TWO upward sloping channels....

Chart of the Week & Content Wrap – 6/21/24

  Chart of the Week – Seventh SPX Upside Target Hit With all the talk centered on the (formerly)...

Seventh SPX Upside Target Hit

Key Points: 1- The SPX hit our latest target of 5,495 yesterday, making it the seventh successful bullish...

6/21/24 - 3 buys

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

XLC vs. XLK

Topics Covered: Market -Patterns -AVWAP    Daily Stats -Daily price action -Index breadth -Sector performance...

Breadth Divergences Grow

  Breadth Divergences Grow As we know, the biggest growth names have separated themselves from the smaller...

This Hasn't Happened since September 2020

Key Points: 1- The XLK Tech ETF ended yesterday with a 14-day RSI reading of 80, the highest since 9/1/20. ...

6/18/24 - 2 buys, 1 short

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

Breadth Divergences Grow

Key Points: 1- The SPX now is getting close to testing the upper lines of two weekly trading channels....

Week of 6/17/24

Key Points: 1- The SPX now is getting close to testing the upper lines of two weekly trading channels....

Chart of the Week & Content Wrap - 6/14/24

  Chart of the Week – AAPL As we know, AAPL blasted back to new highs with one of its biggest two-day...

Fear of New Highs

Key Points: 1- The CNN Business Fear & Greed Index hit the Fear Zone yesterday as the SPX made a...

SPX: Three Live Bullish Patterns

Key Points: 1- With Wednesday’s opening gap and hold, the latest pattern breakout was confirmed. The...

Double Jeopardy

Key Points: 1- The SPX sits at a new-all time high with a 14-day RSI of 67 ahead of today’s trading session....

A Recent Trade Idea

ENPH is a risky and longer-term play. It’s had an extremely volatile downfall and subsequent comeback...

Waiting

Key Points: 1- The SPX’s short-term price action continues to follow the blueprint we’ve seen since the...

6/11/24 - 3 buys

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

Week of 6/10/24

Key Points: 1- The SPX now has spent five weeks above each of the key weekly moving averages – the shortest...

New Highs vs. Divergences

Key Points: 1- The SPX now has spent five weeks above each of the key weekly moving averages – the shortest...