Posts Tagged by stock market analysis
Stocks to Watch in the Industrial Goods and Financial Sectors
| December 7, 2011 | Posted by admin under Day Trading Ideas, Stock Market Analysis |
I recently posted 2 article for Investopedia which look at 8 stocks which deserve some attention. 4 in the Industrial Goods sector and 4 in the Financial sector (some big names!). After being a relatively poor performer over the last year, the industrial goods sector is experiencing a resurgence. It has been one of the top…
Gravol Mandatory on All Trading Floors – Markets sink in Tuesday trading
| November 2, 2011 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
What a whipsaw market. After what could be a described as “an October of viscous ascent,” November started us off with a viscous descent. SPY finished down 2.79% to 122. Lots of reasons were given for the sell-off, but those reasons mean nothing and will change tomorrow. Let’s face it, with so many rumors swirling around and…
Copper explodes higher, good for stocks
| October 24, 2011 | Posted by admin under Commodity Analysis, Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
Copper is currently up about 7% today to 3.4510 on the December contract (HG). This is definatley good for stocks (currently up about 1%), yet copper will need to continue higher to keep the push going in stocks over the long-term. I highlighted copper in my post-market analysis on Friday. Copper remains depressed, well below…
Stocks finish higher and break out of former range – what’s next?
| October 21, 2011 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
Despite my afternoon skepticism as the market tested the open after initially moving higher, it was all bullishness in the afternoon. After the break below 122.90 on SPY (the price I was concerned about) the selling could not be sustained. Following an hour of lollygagging near day lows the market finished near the highs. SPY finished up 1.90% to…
Short-term picture in stocks could reveal the long-term picture
| October 20, 2011 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
I posted briefly about the larger picture for this market the other day. There is large volatile range which is jerking traders around – the market popped above a downward trend channel, but can’t break above the primary resistance of the larger range. Here is the overall messiness since August, including today’s first hour which…
SPY holds above former downward channel
| October 19, 2011 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
I have not updated my stock market analysis since Oct. 12 as really nothing has changed. In that time the market has retest the former downward trend channel (now support) and has moved higher off of it, indicating strength. 123.50, which is primary resistance, was tested intra-day Tuesday but quickly sold off. SPY finished up…
Stock Market Approaches Support, Another Wave Down Likely
| September 10, 2011 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
Friday saw SPY, the S&P 500 ETF, move to the lower bound of the upward sloping trend channel this market has been in since the August 9 low. The trend channel will break at 115.25. SPY closed at 115.92 on Friday, down 2.62%. Confirmation that another wave of selling is likely will come if the market…
Stocks fail to break lower-what’s next?
| July 4, 2011 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
In my last update on the market I was looking for a break lower in the SPY (S&P 500 ETF). Such a break would have occurred if we moved below 125. In the last post which also looks at Copper as an indicator (worth a read: http://vantagepointtrading.com/archives/4498) I stated “Don’t trade breakouts before [they] occur.…
S&P 500 Support holds. Copper says “Not for long.”
| June 23, 2011 | Posted by admin under Commodity Analysis, Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
In my recent video on the equity markets I spoke of the multiple divergences that are occuring between indicators and price action. Namely that the indicators did not confirm the rally to new highs that we saw in late April and early May. This warned of a correction…which we have seen…but there is strong evidence…
Stock market shifts to short bias
| June 4, 2011 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
Wednesday’s slide in the US equity markets did technical damage to the trend, putting it in a precarious position. For “longs” caution is warranted and the “shorts” should be in or on standby for early next week. The market was unable to recover after the fall on Wednesday and Friday’s attempt to claw back some losses was…
Stock Market Outlook for May 2011
| May 9, 2011 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
The daily chart shows the trend is still strong and it now appears we are likely going to have another leg higher into 1400-1410. The multiple trendlines (turquoise) represent the much broader trend and the likely pullback points in the event of a reversal. Only the top two deserve any attention at the moment. Near the top of the…
Watch Fedex for Confirmation of Renewed Downtrend
| August 20, 2010 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
The DJIA closed Thursday at 10,271.21, down 1.39% . The Dow does have almost 600 points to drop before it confirms a downtrend – 9,620. Although, a drop below 10,000 is the early (less viable) signal. The S&P 500 is very close to a prior low, and a drop below it indicates broad…
Day Trading in a Low Volume Environment
| August 7, 2010 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
It seems that since I am from Canada some of my readers wanted to see a little more posted on the Canadian markets. So without further ado, I take a look at Canadian market but the lessons really apply to US markets right now too. Volume is low and price remains stuck in broad ranges,…
Market Continues to be Choppy
| July 31, 2010 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
Friday saw aggresive moves, as the market opened lower and rallied furiously…only to finish the day basically unchanged. The lows of the day came very near the short-term upward trendline, showing there is still support above 1070, as the S&P 500 hit a low around 1088. The trendline crosses currently at 1086. The stifled rally…
Is the Stock Market Really Going Higher???
| July 25, 2010 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
It appears that the offer pulling may be working as this market once again breaks above resistance on falling average volume. On Friday the S&P 500 broke above 1100 signaling another potential wave higher. A large triangle was broken by Friday’s move, as well as the downward trendline extending down since late April. Given that…
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