Sunday Update Week of January 28th – The SMA (20) Wall Holds But Government Reopens

A prepared trader is a generally a profitable trader, and Sunday is a great day to get ready for the week ahead by studying up from last week’s price action.  In this weekend’s analysis, we have one of our affiliates, Kevin Smith, join us and chat about some broad market charts and technical charts into the week ahead. Have a great weekend!  Continue reading Sunday Update Week of January 28th – The SMA (20) Wall Holds But Government Reopens

Sunday Update Week of January 21st – The Markets Hit The Weekly SMA (20) “Wall”

A prepared trader is a generally a profitable trader, and Sunday is a great day to get ready for the week ahead by studying up from last week’s price action.  In this weekend’s analysis, we take a look at the broad markets after continued moves to the upside, with SPY, QQQ, and XBI all closing at or near the longer-term 20-week simple moving average resistance. As the market has not been phased by the government shutdown, the weekly SMA (20) is the only “wall” the market needs to pay attention to.

Continue reading Sunday Update Week of January 21st – The Markets Hit The Weekly SMA (20) “Wall”

TrendSpider Thursday Analysis: Airline Stocks

Every Thursday, we perform an analysis of three tickers that are looking interesting into the last two days of trading for the week. It is important to always remember using multiple time frames is the best approach to seeing the entire picture. In these videos, we see that airlines may have more room to move up based on the current chart setups both on the daily and weekly candles.

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A Spooky October 2018: Full Month Recap of SPY

The Stock market lived it up to its historical stereotype of being more volatile in the month of October than other months in the year. The signs were there early on that this month may get ugly due to a mix of variables in the financial markets such as interest rates breaking through key levels above, trade war fears, and midterm elections closing in. This blog post outlines the full technical story of October’s moves as we followed the charts week by week through our weekend blog.  Continue reading A Spooky October 2018: Full Month Recap of SPY

Sunday Update for Week of 10/22 – Are the Markets Nearing a Bottom?

A prepared trader is a profitable trader, and Sunday is a great day to get ready for the week ahead by studying up from last week’s price action. This weekend, we once again focus on the broad markets as the month of October has been nothing short of bloody. As the daily candles continue to show noise, the weekly candle charts are starting to show oversold levels that have seen reversals in the past. See how the charts turned out from last weekend by clicking here.

Continue reading Sunday Update for Week of 10/22 – Are the Markets Nearing a Bottom?