Chart of the Day: Breakout in the S&P 500
One of the tools I use to evaluate market action is the standard deviation spike, which expresses each day's return a standard deviation of the previous 20 trading days. (This…
Chart of the Day: Bullish Consolidation in Gold
The small consolidation (B) above the top of the parallel trend channel should provide another spot to add to or to initiate long positions on further strength. One way to…
Chart of the Day: Bull flag in Gold
Though I have written before about a potential longer-term timeframe short setup in precious metals, Gold and Silver both show overtly bullish patterns. Longs are justified on upside breakouts in…
Chart of the Day: Parallel Trendline in Gold
When markets are in consolidation (i.e., moving sideways) it is very difficult to find strong edges. Markets tend to be more random, and no consistent profits are possible in a…
Chart of the Day: Context in ABX
This daily chart of ABX shows a stock that may have found a bottom: after several potential bottoming formations, the rally has carried the stock the upper Keltner channel, suggesting…
Chart of the Day: Bear Flag in EURUSD
The bear flag is a pattern that plays out in all markets, though it tends to resolve less clearly (i.e., with more fakeouts and false breakouts) in currencies. Why? I'm…
Reader question: Range or Flag in the AUDJPY?
Reader Greg asks this question: [dc]R[/dc]egarding your Chart of the day: Bullish Pattern in Aud/Jpy, which as you predicted broke out to the upside. My question is simple...why did you…
Chart of the Day: Bullish pattern in the AUDJPY
This is potentially a very bullish pattern on the AUDJPY, targeting a move into the high 87's over the next several weeks. Trades should be entered on strength above the…
Chart of the Day: The need for entry triggers
This is why we have entry triggers. I posted this chart pointing out a bear flag in EL on the day marked with an arrow, suggesting that a good entry…
Chart of the Day: Bear Flag in EL
The daily chart of Estee Lauder Companies Inc (NYSE: EL) shows a clear bear flag, which sets up a potential trade on any breakdown. Note that this is only a…
Daily Chart: Weekly Market Structure in S&P 500
Note the weekly bear flag on the S&P 500 index. You may call it by a number of different names (wedge, pullback, anti, flag, etc.), but the concept is the…
Chart of the Day: VZ
Though I am leaning pretty short on the overall market, any time you have a large one-sided bet on the market, it's always good to have a "go to"…
Chart of the Day 2/6/12
[dc]O[/dc]ne of the longer-term trades I am watching is, what I believe to be, good upside potential in the USDCHF. Waverly Advisors caught a nice long a few months back…
Chart of the Day: 2/2/12
[dc]W[/dc]hen faced with a strong uptrend with no pullbacks, as we've recently had in major domestic stock indexes (S&P 500 futures pictured in this chart), traders have a difficult decision:…
1/31/12 Chart of the Day
[dc]T[/dc]his chart shows the bull flag in JAZZ that tested the previous swing high and failed. As this stock was nearing that previous pivot, I tweeted that it was breaking…
Chart of the Day: 1/29/12
[dc]T[/dc]he bull flag is a simple, classic pattern that is a fundamental expression of the ebb and flow of buying pressure in an uptrend. In this case, we entered a…