Category: Technical Analysis

An Options Trading Strategy to Capitalize on a Stock That May Break Higher or Lower

Posted on September 15th, 2023

Before I provide a quick, basic options education on the option strategy planned for this article, let’s take a technical look at the SPDR Dow Jones Industrial Average ETF Trust (DIA) or as some refer to it as the ‘diamonds’.  You see it?  DIAmonds. In the above chart image, I have solid, green lines to […]

Taking a Technical Look at Apple, Inc. (NASDAQ: AAPL)

Posted on September 8th, 2023

One of the darlings of Wall Street has been for a while and, looking at the chart for this year, still is Apple, Inc. (NASDAQ: AAPL). Even after it has topped and rolled over in late July, early August and is showing more sideways chop and wider swinging price volatility it is still up 38% […]

Quick Lesson on a Japanese Candlestick Formation Using SPY

Posted on May 12th, 2023

In our ongoing quest to assess directional bias on the major market indices we see many patterns that give an indication the markets could trade higher, lower.  We also see at times patterns or technical indicators that give an indication a market may continue or reverse their current trend. In the world of technical analysis, […]

A Japanese Candlestick Pattern May be Indication Markets Have Found Support

Posted on May 5th, 2023

Yesterday’s education provided analysis of the US equities markets, represented by use of the SPDR S&P 500 ETF Trust (SPY).  This is an ETF that replicates returns of the S&P 500 index. What was taught was the observation SPY was testing a previous pivot low, which could either turn in to a double bottom support […]

Possible Fib Support Levels on this Pull Back in the Markets

Posted on May 4th, 2023

It is very likely everyone paying attention to the markets knows the Federal Open Market Committee (FOMC) raised interest rates a 1/4 of a basis point yesterday.  They also intimated they may be taking a pause on another rate hike for the foreseeable future. This news didn’t do anything to bolster investor/trader confidence as the […]

Now that the 3 Key Economic Reports are Out, What Now for the Stock Market?

Posted on April 13th, 2023

Today was a good day for equity bulls overall. The Dow ended up higher on the day by +1.14%, the NASDAQ up almost +2% and the SP500 ended up +1.33%. Nothing from the numbers caused a sell-off for the equities markets, but at the same time, even though the markets traded a bit higher so […]

Anticipating a Potential Stock Price Move on a Triangle Pattern Part 1 of 2

Posted on March 28th, 2023

When it comes to analyzing a security, stock, or ETF, one can research the fundamentals of the company to see if there is enough good going on with it to encourage investors to buy it, which should in turn propel the security price higher. Technical Analysis is another means to researching a security’s price and […]

Is Today Signaling a Pending Move Higher for the Stock Market?

Posted on March 24th, 2023

There has been quite a bit of information written and spoken about regarding the volatility in the markets this week as a result of the outlook on the economy and whether we will go in to a recession / if we are already in one / and if we are in one when what it […]