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Blog Profile / Afraid to Trade

Filed Under:Business & Finance / Investing
Posts on Regator:803
Posts / Week:4.3
Archived Since:February 23, 2011

Blog Post Archive

Market Finally Falls – a Check on the New SP500 and Dow Jones Levels

It’s good when logic trumps irrationality, and price retraces in a stable uptrend instead of charging higher every single day. Let’s take a look at the set-up, the current retracement swing in motion, and then plot levels to target as the market falls from the highs. We’ll start with the S&P 500: I first want to call your [...]

Updating the Creeping Correlation in Stocks and Bonds SPY and TLT

If you’re not paying close attention, you may be missing the stealthily increasing positive correlation between stocks and bonds. Let’s cut through the charts and focus on the “Positive Correlation Creep” that’s taking place as seen in SPY (S&P 500 ETF) and TLT (a popular longer-term Treasury bond fund ETF). SPY (Green) and TLT (Red): In general, Stocks [...]

Signs of Life from a Breakout in US Steel X

Is it possible that US Steel (X) is finally catching a bid from a breakout (and reversal pattern) from a long-term resistance level? Could this be the start of a new long-term uptrend in price? Let’s take a look at the Weekly and Monthly Chart to give us some clues for a longer-term play. First, let’s start with [...]

Midday Market Update and Stock Scanning for July 29

Price provides a choppy Range Day environment for traders ahead of tomorrow’s “Fed Day” announcement. Let’s chart key levels, note breadth, and highlight the stocks in play for today’s session. We’ll start with the intraday update of the S&P 500: Today’s session developed a Range Day or consolidation session between the 1,985 high (the opening gap of July [...]

Is PLUG Setting Up Another Breakout Run to the Highs

Former high-flyer Plug Power (PLUG) could be setting up another bullish breakout and run for the prior highs. Then again, it could be luring buyers into the stock like a seductive siren’s call. Let’s take a look at the chart and decide which levels are key for trading a potential bullish breakout and avoiding a Bull Trap. PLUG [...]

Are You Following this Stellar Parabolic Arc in INTC

If you haven’t charted or traded Intel (INTC) in a while, you’re missing an amazing “arc trendline” or exponential rally pattern. Let’s take a look at the pattern, compare similar examples, and plot a potential future for this newly high-flying stock. I wanted to start with a pure-price trendline view of the exponential growth (rise) in INTC’s [...]

July 28 Monday Midday Market Update and Stock Scan

It’s time to take a look at what’s happened this morning, what Breadth is saying, and which stocks are potential Trend Day candidates as we start this final week of July 2014. We’ll start with the intraday update of the S&P 500: We had a quick and volatile turn-around (reversal) up off the 1,970 index level as [...]

Join John Carter Thursday for a Trading Options Like a Pro Webinar

I’m excited to announce an upcoming featured webinar by John Carter on Thursday, July 31st (to end the month!) on Trading Options Like a Professional. I’ve known John and attended many of his educational presentations since 2005 and highly respect his work and commitment educating traders in a simple, understandable manner. In this webinar (just register with [...]

Interesting Arc Pattern Forming Buy Signal in Harley Davidson HOG

What fascinating pattern is developing into a key support level for Harley Davidson (HOG) shares? Let’s study the “interesting arc” trendline pattern and note the pivot point that will either serve as a floor of support (a buy signal) or a breakdown reversal signal (should support fail). Here’s the Broader Picture Daily Chart (note Support): Let’s start first [...]

The Divergences are Working July 25 Market Update

I’m actually a little surprised that the market is falling like it “should” be doing, or at least as was highly logical given the negative divergences at the highs. Start by refreshing your perspective from yesterday’s “S&P 500 Gasping at New Highs with Clear Negative Divergences” update which sets the stage for today’s expected sell-day. Here’s the [...]

SP500 Gasping at New Highs with Cautious Divergences

We’re seeing a familiar Hollywood script play out with price chugging to new highs as internals, volume, and momentum run the other way. While this isn’t a panic signal, let’s at least highlight the extended divergences and “fumes” that continue to accompany a market creeping its way higher. We’re seeing the S&P 500 Index stair-step its way [...]

Breaking Down and Away from the Highs in Electronic Arts EA

Electronic Arts (EA) surprised to the upside yesterday on earnings but failed to impress traders with tepid future guidance and we’re seeing a sharp gap-down and sell-off from the recent highs. Let’s take a look at this strong trending stock, note two prior ‘pullback’ scenarios, and chart the probabilities of what to plan now. Here’s the daily [...]

July 23 Breakout Impulse Update and Stock Scan

Once again we ask the question, “How high can this market go?” Today saw a new all-time intraday ‘breakout’ high for the S&P 500 and we focus our attention – and trading plans – on the breakout level and potential for additional upside continuation via a short-squeeze. Let’s update our S&P 500 chart from the week and [...]

Try Out Seven Days of Professional Market Analysis This Week

If you’ve ever wanted to know what’s behind the pay-wall (membership site) of Elliott Wave International’s team of analysts and their premium services for multiple markets covered, you have your chance to kick the tires and read all their professional analysis for free for one week starting July 23rd. I can’t remember when they’ve opened their [...]

July 22 Midday Trend Day Update and Trending Stock Scan

How high can this market bounce? Let’s take a look at our new S&P 500 planning chart, highlight the message from Sector Breadth, and conclude with today’s Trending Stock candidates in this afternoon’s intraday update. Let’s start with our S&P 500 Planning Chart: Yesterday’s V-Spike Reversal session off the 1,970 midpoint (see yesterday’s update for a Fibonacci Level [...]

Join Corey Each Tuesday for a Live Morning Market Briefing with TradeStation

Start your Tuesday fresh with live market commentary, updates, and analysis from Corey as he delivers the Tuesday Morning Market Briefing with TradeStation. I typically start each session with a discussion of news or major events that could impact the trading day. I then recap the broader indexes, levels, and probabilities of a Trend or Range Day [...]

July 21 Bounce and Fibonacci Update with Stock Scan

With the morning sell-off and current bounce off a key Fibonacci Level, what price targets are important for our trading decisions for the rest of the day and which stocks are leading candidates for potential trend day continuation? Let’s start with our S&P 500 Level and Fibonacci Retracement Chart: Friday’s big rally up off the 1,960 level [...]

Focusing on Just the Rallies – an Interesting Pattern Emerges

What does price reveal if we focus on “just” the recent rallies?  A stealth bullish repeating pattern emerges that demands our attention. Let’s focus just on the spike-rally impulse phases in the S&P 500 recently: I’ve purposely eliminated the sell-swings from mid-June to present on the S&P 500 30 min chart. We can thus compare ONLY the rally [...]

July 18 Bounce Level Planning and Intraday Update

It’s as if yesterday never happened – buyers intervened and tripped the market higher as bears covered losses during the rally. Let’s put today’s price action in the context of the broader trading range (highlighted in yesterday morning’s update post on the S&P 500 and Dow Jones rising trendline levels to watch) and note which levels [...]

July 17 Midday Intraday Update and Daily Stock Scan

With the geopolitical news affecting markets, traders seem to be adopting a “Sell First, Ask Questions Later” mentality and that’s perfectly logical. Let’s update our intraday levels and highlight which stock names are potential trend day candidates. Start with this morning’s update post on the S&P 500 and Dow Jones rising trendline levels to watch – this [...]

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