Will The Dow Jones Restaurant Index Take Stocks Lower?
Dow Jones Restaurant Index is carving out a 5 waves higher move and there are multiple technical indications that this index is topping and...
Amazon (AMZN) Earnings Boost Stock, Trigger Chart Breakout
The monster Amazon earnings reaction has triggered a handful of bullish technical developments in Amazon's stock (AMZN). To recap, the stock had been loitering...
Why Investors Should Watch 1976 On The S&P 500
Math plays a big role in nature and the financial markets. For instance, several trading algorithms use Fibonacci retracement levels to identify levels where...
S&P 500 Update: Market Levels And Indicators To Watch
The S&P 500 (SPX) recovered nicely off the lows made this morning (1989.18). After spending much of the morning in negative territory, stocks rallied...
London’s FTSE 100: Battling 15 year Resistance Level
With London's FTSE 100 Index, the current price area has stood as particularly durable resistance for more than a decade. We are watching to...
Bearish Continuation Patterns Emerge In Energy Sector (XLE)
Energy stocks had an awful Wednesday with the Energy Select Sector SPDR (XLE) losing 3%. What’s surprising is the ETF didn’t even test the falling...
ETFs In Focus: Shift In RSI Weakens Biotech Sector (IBB)
We can use the Relative Strength Index (RSI) in a myriad of ways, but my favorite way is to use it as a straight...
Moody’s Stock (MCO) In Consolidation: What I’m Watching
Although my main trading focus is on futures, I will from time to time take a closer look at an equity if something catches...
Stock Market Checkup: Levels To Watch On Major Indices
It’s been a rocky ride thus far for the major stock market indices in 2015. Just 3 weeks ago I wrote about the resistance levels for...
Apple (AAPL) Stock Nearing $100 Support, IBM At Crossroads
If you are unfamiliar with my thesis on Apple, Inc (AAPL - quote) and International Business Machines (IBM) for 2015, it goes something like...
