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Stock Market Analysis - Large Cap Swing Trades - Momentum Stocks - Low Cost Option Plays Position Trades for Self-Directed IRAs
2018-01-01 02:36
EEM, Emerging Markets ETF, appears to be at a double resistance level with its upper green channel line and its center blue channel line.click on image to enlargeExamining the price bars clo… Read More
2018-01-01 02:32
Several weeks ago, CSCO rocketed up like it was the 1999 dotcom bubble again.click on image to enlargeUnfortunately, it is an odds on favorite to experience some pain here shortly.Trade well… Read More
2018-01-01 02:23
WMT had an amazing spike here recently that took it up to its upper brown channel line and is now all but refusing to let go of it.click on image to enlargeIf the upper red channel line was… Read More
2018-01-01 02:17
Delta Airlines on the other hand just stalled out at its upper blue trend line for the fifth time in the past three years.  click on image to enlargeIf history serves, DAL may be a… Read More
2018-01-01 02:13
UAL just put in a double bottom on its long term black channel line and is moving up from it.click on image to enlargeIf it can break $70 then channel recovery play alerts should go off (reg… Read More
2018-01-01 02:07
HD recently took off blasting through channel lines and it is up in the atmosphere now.  click on image to enlargeA lot of investors will be betting that this stock will find gravi… Read More
2018-01-01 02:04
The past few months UPS has been lingering in the upper part of its blue channel seemingly waiting for the journey back down to the lower line of the blue channel.click on image to enlargeLa… Read More
2018-01-01 00:38
GE has sold relentlessly for the past year slipping through channel after channel.click on image to enlargeGE has finally settled down on a channel line that looks like it might be able to h… Read More
2018-01-01 00:31
MA has one beautiful chart going all the way back to the beginning but now it is starting to appear that it may be done for a while.click on image to enlargeYou could say that the only thing… Read More
2018-01-01 00:26
BABA ran strong all year but began breaking down a few weeks ago and now finds itself weak and well above its dominant channel (show with blue lines).click on image to enlargeBABA really doe… Read More
2018-01-01 00:22
IBM took a nasty fall the first half of the year but after bouncing off the ceiling of its long term brown channel it immediately popped out of its descending blue channel again.click on ima… Read More
2018-01-01 00:13
BIDU has spent the past month basing on its center line of its long term master channel (shown with black lines).click on image to enlargeA lot of stocks that are selling are going right thr… Read More
2018-01-01 00:07
SNAP took a smack down last week that may take a little while to recover from.click on image to enlargeThere's not much bullishness to be found in SNAP's chart right now outside of the hope… Read More
2017-12-31 23:58
Disney has been trading in a perfect descending channel for the past 2.5 years (shown with red lines).click on image to enlargeIn the long run, this channel may end up proving to be a bull f… Read More
2017-12-31 23:53
Over the past nine months MGM has been repeatedly trying to get back into its 2004 to 2008 black line channel.click on image to enlargeAfter its first few tries failing, MGM found support ag… Read More
2017-12-31 23:49
Wynn Resorts has been running for an entire year and has recently broken out of its 2-year blue line ascending channel without maxing out in its one year red line channel.click on image to e… Read More
2017-12-31 23:19
As LVS has climbed higher over the past two years it has become more aggressive as each time it stops at its upper red channel line it has a smaller pullback before it starts back again.clic… Read More
2017-12-31 23:14
RIG has spent the past two years at the bottom of its chart.click on image to enlargeWhile there is still some money that could be made in RIG's current red channel, serious investors will h… Read More
2017-12-31 23:09
CVX continues to climb higher off its double trend line reversal this time last year.click on image to enlargeWhile CVX is obviously ahead of itself the past couple of weeks investors will b… Read More
2017-12-31 23:05
CHK has now exited its 1-year declining channel but we can't exactly call it a breakout.click on image to enlargeCHK is more of a multi-month sideways stumbling that is creating a new super… Read More
2017-12-31 23:00
While XOM recently bottomed at its 13-year ascending channel's lower line (shown in black) and it has also declared itself free of its 11-year descending channel (show in brown) it keeps fin… Read More
2017-12-31 22:55
VLO has had a great run after its bull flag breakout earlier this year (shown with brown lines) but now appears to be overextended.click on image to enlargeIf you measure the height of the f… Read More
The Big Picture - S&P, NASDAQ, & XLK
2017-12-30 01:54
It seems that the big financial managers are having trouble spotting a bubble in the stock market right now.  See if you can find it:click on image to enlargeA more detailed chart with… Read More
CAT Still Ripping Higher
2017-12-29 03:00
Caterpillar has been a rocket the past few months and continues to gain steam.  click on image to enlargeInvestors might want to keep a close eye on CAT if they're long as it's nea… Read More
FCX Breaking Out
2017-12-29 02:43
FCX, a well known mining company, is currently breaking out of its already inclined 2-year red channel.click on image to enlargeOn FCX's quarterly bars chart, it has somewhat of an ascending… Read More
AKS  Near A Breakout
2017-12-29 02:38
AKS, another steel stock, is attempting to break out of its 9-month declining channel (shown in red).click on image to enlargeA breakout from the red channel will likely be a slow climber un… Read More
X Breaking Out
2017-12-29 02:31
United States Steel has just broken out of its 8-year declining channel (shown with blue lines).  click on image to enlargeX's chart is quite tall numerically and while its black l… Read More
MCD Continues Chugging Along
2017-12-28 02:42
MCD, the new favorite of the slow and steady money crown over the past nine months, continues to work its way higher, slow and steady.click on image to enlargeAlthough MCD is turning upward… Read More
LOW Working Its Bullish Chart
2017-12-28 02:26
LOW has been a nice swing trading stock over and over the past few years as its sideways consolidation is a nice tall channel with considerable incline.  click on image to enlargeR… Read More
SBUX Fails BackTest Of 6-Year Channel
2017-12-28 02:20
Earlier this year, SBUX did the unthinkable and dropped out of its 6-year ascending brown line channel.  click on image to enlargeSince then, SBUX has consolidated sideways and mou… Read More
CMG Experiencing Whipsaw Price Action
2017-12-28 02:12
Investors are not sure what to do with CMG right now.  The bulls argue that CMG slipped out of its ascending black line bull channel while the bears say the situation is worse as CMG sl… Read More
TWTR Retreats From $25 Again
2017-12-28 01:57
TWTR continues to cement its horizontal blue channel, which has a ceiling at $25, with it charging up to this number then retreating just as fast.click on image to enlargeTWTR has to keep it… Read More
AXP Looks Seriously Capped At $100
2017-12-27 02:31
AXP has had a nice run the past two years from the lower line of its extremely tall five year blue channel.click on image to enlargeIn the past month, AXP has finally hit the upper line of i… Read More
BX At Critical Juncture
2017-12-27 02:25
BX has spent the past nine months pretty much boring investors with its sideways slightly downward drift.click on image to enlargeIn the past month, however, BX has set up a solid stance on… Read More
USB Continues Yearlong Sideways Drift
2017-12-27 02:07
USB had an amazing run the Fall of 2016 and maxed out its upper blue channel line.  Since then it has been drifting sideways across its blue channel.click on channel to enlargeLooking c… Read More
AIG:  Decision Time Is Near
2017-12-27 02:02
AIG has essentially been trading in its blue sideways channel for the past four years.  It has now reached the lower line of its big recovery channel from 2009 (shown in black).click on… Read More
JPM Reaching Maximum Extension?
2017-12-27 01:49
JPM has been climbing aggressively in the last six months.click on image to enlargeIts sudden blast higher last month has been drifting sideways in that past few weeks producing a price patt… Read More
C Double Tops At 8-Year Chanel Line
2017-12-26 16:39
Citigroup has maintained a nearly perfect two year ascension channel (shown in red).  I'm only showing the past seven years due to auto scaling issues from C's long term chart.click on… Read More
GS Looking Capped Here
2017-12-26 16:34
GS has had a nice 6 months but a couple of weeks ago it reached the upper blue line of its eight year recovery channel at the same time it reached the upper line of its ten year black channe… Read More
BAC Reaching For Long Term Channel Line
2017-12-26 16:28
BAC has been pushing the last six months inside of its two year blue ascension channel.  BAC is also approaching the upper line of its eight year black line channel.click on image to en… Read More
FNSR Needs To Consolidate Here
2017-12-26 01:24
FNSR has had a rough year as it has suffered from a yearlong slide.  A couple of weeks ago it finally touched down on the brown shadow channel line below its primary blue channel and ro… Read More
QCOM Working Its 2-Year Sideways Channel
2017-12-26 01:17
QCOM enjoyed a massive breakout a couple of months ago from its 3-year declining blue channel right as it was sitting with an aggressive posture on the lower line of its 2-year sideways gree… Read More
MU May Have Overdone It
2017-12-26 01:08
MU, Micron Technology, really had a run the past 6 months as it tagged $50 but immediately suffered a hard pullback the past couple of months.  click on image to enlargeSuch an exa… Read More
NVDA Still In Its Steep 2-Year Channel
2017-12-26 01:02
NVDA, another powerhouse chip stock, has maintained a much stronger chart than AMD over the past 6-months.click on image to enlargeNVDA caught good support a couple of weeks ago and bounced… Read More
Will AMD Bounce Continue?
2017-12-26 00:55
The powerhouse chip stock AMD hasn't gone anywhere the past six months.  AMD failed a triangle breakout a couple of months ago but two weeks ago it set down on double trend line support… Read More
INTC Energizing The Chip Stocks
2017-12-21 04:11
INTC just completed a vertical run from its three year wide triangle shown with the black line and the lower red channel line in the weekly chart below.click on image to enlargeINTC appears… Read More
MSFT Experiencing A Volatile Tug Of War
2017-12-21 04:02
After MSFT's breakout from its four year blue channel recently, it has become unusually volatile.click on image to enlargeThe bullish pressure to take it higher is obvious but if it doesn't… Read More
TSLA Working Its Way Downward
2017-12-21 03:55
TSLA enjoyed an amazing 200 point run from 180 to 380 but may have gotten ahead of itself a little with its breakout out of its long term blue channel.click on image to enlargeAt first it se… Read More
NFLX Chart Not Giving Any Clues Just Yet
2017-12-20 02:23
NFLX has enjoyed an awesome run in its two year red line ascension channel.  Several weeks ago, when the short term red channel intersected the long term blue channel, the price stalled… Read More
GOOGL Chart Mirroring FB
2017-12-20 02:13
GOOGL chart is experiencing the almost identical technical situation as FB whereby it is trying to assert its red short term channel as being dominant over its long term blue channel.click o… Read More
AMZN May Be Getting Toppy
2017-12-20 01:57
AMZN's weekly chart is quite a specimen as it has quadrupled from 300 to 1200 in three years.  click on image to enlargeTypically after a big stock has had such a massive run a bre… Read More
AAPL ...Continues Being AAPL
2017-12-20 01:50
Apple's weekly chart continues to please investors as it still has room to run in its four year ascending blue channel.Click on image to enlargeThe bounce of the past couple of weeks seems t… Read More
GLD Gold ETF   Building 2-Year Wide Triangle
2017-12-18 19:07
The GLD Gold ETF has been written off as dead money because of its failure to break the 130 level twice in the past two years.Click on image to enlargeStanding back looking at the GLD on its… Read More
TLT Bond ETF Continues Treading Water
2017-12-18 18:44
The TLT 20 Year Bond ETF put in a double bottom at the first of this year but it has basically been moving sideways for the past six months as its next direction continues to be uncertain.Cl… Read More
XLF:  Not A Good Place To Run Out Of Steam
2017-12-18 18:26
The XLF has been one of the greatest benefactors of the pending tax bill and has had quite a run since the Fall of 2016.  Click on image to enlargeIts weekly bars chart, shown abov… Read More
2017-12-13 01:13
The $BTK Biotech Index is not showing such a bullish outlook as the other index charts.  The biotechs are historically a good weather-vane as to where the market goes next.  c… Read More
2017-12-13 01:06
The XLK has the most aggressive chart as it continues to honor its very steep 1.5 year extension channel shown in red below.click on image to enlargeThe last jump was off the ascending press… Read More
2017-12-13 00:56
The DOW 30 has been a big benefactor of corporate tax cuts on the horizon.  The enthusiasm is clearly present in the DOW's chart.click on image to enlargeAfter examining the weekly bars… Read More
IWM Returning To Its Normal Volatility
2017-12-12 02:04
The Russel 2000 ETF (IWM) has spent the first half of the year range-bound in somewhat disappointing low volatility but as year-end nears, its week to week volatility is returning.Click on i… Read More
QQQ Determined To Mirror NASDAQ
2017-12-12 01:50
The QQQ normally leads the NASDAQ but after the FAANG stocks took a beating recently, the QQQ is hustling to get perched on the topside of its five year green channel.Click on image to enlar… Read More
NASDAQ Reaching For A High Perch
2017-12-12 01:26
The NASDAQ has been progressing through an increasingly steeper series of channels over the past several years and is now trying to claim the topside of its 5-year green channel (shown in th… Read More
S&P 500:  10 Year's A Charm
2017-12-11 01:44
The high for the S&P 500 has stopped at an interesting point, the lower line of the 2003 to 2007 channel that it fell out of 10 years ago.Click on image to enlargeIn the 15 year weekly b… Read More
AMD - Take Profits Or Hold?
2017-04-17 01:06
Many investors are going to have a tough time deciding what to do with their AMD holdings.  The monster hold of the last 16 months, going from $2 to $15 in a little over a year.  M… Read More
VIX At Major Pivot
2017-04-17 00:40
Thursday afternoon, the VIX volatility index closed right at its two-year blue downtrend line.  This blue line has been the absolute end of all sell-offs for the past two years.  I… Read More
SPY Getting Heavy
2017-04-17 00:19
Looking at the SPY through three time views it has become apparent that it is starting to look heavy where it is now.  Viewing the bottom weekly bars chart it can be seen that the SPY r… Read More
GLD The Gold ETF Testing 6-Year Trendline
2017-04-15 18:40
THe GLD (gold ETF) has reached a major decision point as it closed Thursday at its 6-year downtrend line.  Last Fall, the GLD put in the second bounce up from its lower blue channel lin… Read More
XLF Banks ETF Being Watched Closely Here
2017-04-15 16:18
The weekly bars chart below of the XLF (big financials ETF) shows a situation developing where market participants are examining it closely.  The XLF recently peaked at the upper blue l… Read More
RUSSELL 2000 Closes At Triple Juncture
2017-04-14 17:39
The IWM, Russell 2000 small cap ETF, closed Thursday at a triple trendline juncture.  In the lower chart showing weekly bars, the IWM is sitting on the lower line of its channel going b… Read More
S&P Holds The Neckline
2016-05-23 02:59
We may have just seen a successful test of the S&P head and shoulders neckline.  Last Thursday the S&P slipped through the neckline but closed back slightly above it for a bulli… Read More
AAPL's Situation Worsens
2016-04-16 22:11
Well, we learned Friday that AAPL is cutting back production of its iphone due to slowing demand.  I guess AAPL forgot to tell us that when investors were buying the channel breakout a… Read More
2016-04-16 01:46
http://www.zerohedge.com/news/2016-04-15/saudi-prince-drops-friday-night-bomb-no-deal-without-iranwe-are-selling-every-opport  See my Tuesday 4/12 blog posthttp://www.zerohedge.com/news… Read More
Focusing On The SPY Top
2016-04-15 13:38
The trading world is watching the SPY this morning as it is the last barrier of reason on the stock market.  Trade well my friendsAlan Read More
Pro SPY Traders Agree With VXX Traders
2016-04-14 18:56
While the iron grip tractor program has forced all the retail stock market indices (S&P, Nasdaq, Dow) out of their multiyear declining channels the past 3 days, pro traders are largely i… Read More
XLF Up Against Double Resistance
2016-04-14 14:19
The XLF financial ETF had a big day yesterday but finds itself up against the upper line of its six-month declining channel this morning.  At this juncture you can expect them to put li… Read More
Stocks & Oil Indices At Major Resistance
2016-04-10 03:20
As the stock market closed another week of trading, we found the S&P 500, Nasdaq, QQQ, XLF, XLE, and the USO still stalled at major trend lines.  The exceptions are the VIX and VXX… Read More
Float Up Friday Hits A Snag
2016-04-08 14:43
The S&P 500 is experiencing another float up Friday where they went ahead and gapped it up at the open to make sure they get a green day using a oil squeeze early on as I mentioned was l… Read More
Another Float Up Friday?
2016-04-08 04:28
A lot of rising channels failed this week.  The charts below are 195 minute bar charts showing two months of trading.The first two rows are the key stock indices where we see that all b… Read More

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