Featured Breadth Chart of the Day: Our Zweig has bounced, but we think that will last only a couple of days as we wait for some exhaustive selling to hit the reset switch and get us back on the bull and narrow. Quote of the Day:That’s right. ‘Tain’t yours, and ’tain’t mine.–Mark Twain(when […]
This Tuesday, we begin with the NASDAQ lagging while the markets are higher while the markets provide indications of big moves.
SPY in between opposing emerging harmonic patterns, potential bounce to 186.85 for ideal min retracement target for small Bullish Bat, refer to previous @mrtopstep post for Day chart levels at . If price exceeds 185.70 to the downside, the large brown triangle point will shift to 188.17, not changing the dynamics of that pattern. […]
Goodrich Petroleum Corp. (GDP) was a big mover last session, as the company saw its shares rise by over 30% on the day.
A further low level digestion to start this week to maintain the negative tone from the renewal of bearish pressures with the break of 101.75 chart support and below the neckline from February.
European equity markets have come back from the lows this Tuesday morning and are now up on the day except for Italy.
As featured in Seasonal Sector Trades: 2014 Q2 Strategies (available soon), there exists an inverse relationship between bond yield and price.
Quiet over the week with the bonds, This is After The Trade with Jack Broz
**Note ** Use these longer timeframe charts throughout the week, intraday charts will be posted daily. These charts are also setups for swing entries.