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Blog Profile / Afraid to Trade

Filed Under:Business & Finance / Investing
Posts on Regator:841
Posts / Week:4.4
Archived Since:February 23, 2011

Blog Post Archive

Charting Three Top Trending Stocks to End August

I’m a big fan of the concept of “Strong Getting Stronger,” and three such stocks stand out as strong candidates. All three names are overextended so these aren’t instant-buy candidates, but they do underscore the principle of trend following (as opposed to fighting a trend). Let’s take a look at three strong, overextended stocks as we end [...]

Current Market Rally Echoes a Pattern from the Past

If you look closely at the current market rally, you may see something eerily familiar. Let’s chart the current intraday rally (as we’ve been highlighting) and compare that to a familiar friend on the chart and learn a quick lesson about technical analysis in the process. I’m using the @ES futures contract (S&P 500) to show the [...]

Bearish Engulfing Opportunity in Altera ALTR

Altera (ALTR) showed up on two of my stock scans this morning and I wanted to share the chart both as an educational resource and a potential trading opportunity. Let’s see the chart and discover why this stock appeared on two separate scans: First, Altera (ALTR) appeared on my morning “Consecutive Closes” scan as the stock that [...]

August 25 Breakout Market Update and Stock Scan

Well there we have it!  It’s official – the S&P 500 achieved the 2,000 Magnet target. We now ask the question “Did buyers use up all their fuel to push the market into this level?” Let’s take a look at the charts, breadth, and highlight our trending stocks of the day. I’ve repeatedly stressed the “Repeat Pattern” in [...]

Charting Apple AAPL Through the 100 Dollar High

Last week I posted about “Open Air” and magnet levels in Apple – let’s update the chart now to focus our attention on the $100 per share level (now achieved) which has served as a floor of support. Here’s the Daily Chart with the progression to the new highs: First, start with a little background on the [...]

August 21 Stock Market Update with Trending Stock Scan

As we continue yet another trend day to the upside, let’s highlight the price action, sector strength, and identify the strongest trending stocks so far at mid-day in the bullish session. We’ll start with the S&P 500: I’ll let the chart speak for itself but will again reference the series of posts I wrote leading to this [...]

Color Keltner Channel Chart into Highs for SP500 and NASDAQ

Sometimes it’s helpful to look at one indicator at a time, and we can do that with our special “Color Keltner Channel” Chart – as seen on the S&P 500 and NASDAQ indexes. Let’s take a look at where price trades relative to the Keltner Channel sand what message this activity sends to the market. We’ll start [...]

Triangle Breakout Triggering for USDJPY Dollar Yen

FOREX traders – or those who simply monitor currencies as part of an intermarket picture – should be aware of the breakout trigger and potential expansion developing in the USD-JPY (US Dollar/Japanese Yen) pair. Let’s take a look at the current “triangle” breakout and then compare it to prior breakouts: First, I highlighted the current Triangle or [...]

Hidden Trading Opportunities from August 20 Consecutive Close Scan

Sometimes the simplest scans can provide stock candidates to trade that we otherwise may never have spotted. Here’s the results of today’s “Most Closes in the Same Direction (up)” scan from TradeStation: Lesser-known stock Illinous Tool Works (ITW) has closed 11 days higher – that’s worth a closer look: We can see shares trading back up into the [...]

Up Up and Away for the US Dollar Breakout

With stocks breaking out, it may be a surprise that the US Dollar Index is also breaking through resistance. Let’s take a look at the Dollar Breakout and highlight target levels and points to watch: The Dollar formed a “Rounded Reversal” pattern with divergences into the $79.500 level (as seen on the @DX Continuous Contract). Price broke to [...]

Studying the Repeat Pattern that Targets New Highs for SP500

I’ve been posting frequently about the potential “Repeat Pattern” in the S&P 500 that charts a price pathway straight up toward new highs. With price mere points shy of that target, let’s step inside the price action (per reader request) and peek behind the scenes as to what happened during the prior two “Repeat Patterns.” We’ll start [...]

Up Up and Away for Home Depot HD Breakout

On better than expected earnings, retail stock Home Depot (HD) gapped higher, breaking to all-time highs through a ceiling of resistance. Let’s take a look at the breakout and note how far Home Depot has traveled in a short amount of time. Here’s the Daily Chart with the Breakout: Shares actually broke free of a resistance level – [...]

August 18 Breadth and Stock Scan Market Update

Our mid-day update takes place on yet another bullish trend day higher as price breaks through resistance toward the prior highs, as I’ve been highlighting recently. For our S&P 500 update, see this morning’s post “On and Up to New Highs for the S&P 500” along with the recent “Breakout from a Repeat Pattern” post. In sum, [...]

Intraday Divergence and Reversal Planning for Crude Oil

Crude Oil may be forming an intraday reversal pattern – with divergences – off an important short-term support level. Even if you don’t trade Crude Oil, let’s study the Color Structure chart and learn a lesson on intraday trends, divergences, and reversals. We see a Color Structure chart on the 5-min (very short-term) intraday scale with brief [...]

NASDAQ Breaks to New Highs on Relative Strength

If you’re an S&P 500 or Dow Jones only trader, you may be missing the fact that the NASDAQ broke out to new highs this morning and the Russell 2000 index is close on its heels to its own fresh new breakout (while the S&P 500 and Dow lag behind). Let’s chart the breakout and then [...]

On and Up Toward New Highs for SP500

Today’s bullish short-squeeze and continuation breakout activity confirms the bullish upward pathway that may continue to lead – once again – to new highs for the S&P 500. Let’s update our pattern, view the pathway, and study what opportunities exist for us. First, take a look at my two prior updates on this topic (before today’s confirmation): Planning [...]

Uncovering a Hidden Value Area for Apple AAPL Shares

What are our Color Value Area Charts revealing about a key magnet price area to watch in Apple (AAPL)? Let’s take a look, starting with the Daily Chart: The TradeStation Indicator is the Trigger Charts Radar Indicator, designed to show “Market Profile” concepts in a colorful, visual format. For simplicity, focus your attention only on the yellow lines [...]

Interesting Breadth Chart for August 15 Intraday Stock Scan Update

We don’t usually have exciting Sector Breadth Charts to show but today is an exception. Let’s jump straight into our August 15th intraday update and start with the unusual Breadth action: Usually the Sector Performance is relatively similar with only minor changes among the sectors. Today however, we have a huge spike in Energy and Utilities – something [...]

Planning a Larger Reversal or Another Trap for Corn Traders

Even if we don’t trade commodities, it’s helpful to learn educational lessons and plan trades as they develop from interesting patterns. Corn is forming a great potential Reversal Example, but we need to monitor it in real time to determine whether this time will be different, or whether we’ll just see a repeat pattern of the [...]

Decision Point into Resistance for the Dow Jones

The Dow Jones faces a major decision point into a known resistance cluster – monitor what happens here closely. Let’s take a quick look at the key level and plan accordingly: The 20/50 EMA cluster overlaps the 16,750 area in the Dow Jones Industrial Index. Contrast this with the breakout yesterday in the S&P 500 as I highlighted [...]

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