CappNotes
Six SPX Charts
Broadening Formation Tuesday’s weak open pushed the SPX below its January low, marking the first true...
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Broadening Formation Tuesday’s weak open pushed the SPX below its January low, marking the first true...
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Key PointsThe combination of a tepid gain alongside strong supportive breadth continued on Wednesday,...
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Today, we’re focusing on the patterns. With the SPX closing above 6,100, the potential cup and handle...
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Key Points The SPX – along with many risky assets – finished well off its lows yesterday, turning an...
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META META was rallying before its earnings announcement this Wednesday and continued to rally yesterday...
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Key Point Yesterday marked the sixth straight day with at least two-thirds of the S&P 500’s holdings...
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Weekly Bearish Engulfing Patterns Among other things, last week’s sell-off produced a weekly bearish...
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NVDA We cited NVDA as a buy idea in a Chart Trades piece from 10/8 – as it was breaking out through...
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After 2% Weekly Declines The SPX snapped back by 1.7% last week, again showing buyers’ continued willingness...
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Earnings NVDA – First, let’s review the two pattern breakouts that we cited in a Chart Trades...
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For each buy idea, you’ll see: 1-the pattern in blue or green 2-target 3-the suggested stop in red...
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SPX – Key Monthly Stats – October -1.0% monthly loss -Down 12/23 trading days -Negative...
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Yesterday’s price action did very little to change the index’s technical complexion. In fact, we could...
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Chart of the Week – 12 Months of Successful Bullish Patterns Earlier in the week, we discussed...
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Good Closes One streak that no one is talking about extended on Tuesday: the SPX closed above its intra-day...
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Chart of the Week – NFLX Within the Chart Trades report, we’ve started to do write ups for key...
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Chart of the Week – Tech Leadership Last week, Technology was the leading sector on both Tuesday...
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Responding to 1% Declines As noted yesterday: “during the most intense trading periods in 2024, clusters...
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Chart of the Week – Trading Boxes This write-up appeared in this past Friday’s Opening Look piece,...
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A Familiar Start Even though the SPX avoided a 1% loss on Tuesday, the 93-bps decline was the...
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Chart of the Week – AAPL This write-up appeared in this past Friday’s Chart Trades piece. It was...
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If you haven’t heard, the SPX has been making new all-time highs for nearly a week, but its 14-day RSI...
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Chart of the Week – Now vs. Spring’24 Currently, we’re still in the throes of an historically...
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SPX Approaching a Key Level As we know, the market’s real move happened on Wednesday with the...
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Chart of the Week – SPX Short-Term The following chart and comments appeared in Friday’s Opening...
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We recently discussed the rejuvenation of big moves over the last five weeks: 12 +/-1% moves in 24 trading...
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March’23 Officially, Thursday’s move was a down day, which gave us two straight losses. ...
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Chart of the Week – FIS FIS was one of FOUR buy ideas that appeared across two Chart Trades pieces...
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Strong 6-day Moves Altogether, the SPX now is +4.8% over the last six days, which is the best six-day...
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Chart of the Week – MSFT MSFT was one of FOUR buy ideas that appeared in Friday’s Chart Trades...
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Missing Uptrend Traits Bad closes have been the norm before and now, during, the summer correction of...
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Chart of the Week: 1% Gain => 1% Decline This chart appeared in Friday’s pre-market Opening Look piece,...
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Chart of the Week – 2 % Declines As we know, the SPX logged a 2% decline on Wednesday for the first...
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1% Moves With the second 1% gain of July on Monday, the SPX has notched at least two 1% advances is...
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