New All Time High For The Stock Market?

In this video, we'll take a look at the stock market indexes, the FANNG and some notable MOMO & semiconduct stocks, and identify some key price levels to watch in the near term.

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Watch For The Obvious - 4/8/2018

In this stock market update, we will review the stock market index ETF and analyze the FAANG stocks for trade setup using technical analysis.

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Stock Market Dead Cat Bounce or Short Squeeze? - 3/4/2018

The stock market had a nice bounce off the opening low after 3 consecutive down days. It rallied into the close during the last 30 minutes as OpEx approaches. Was this rally a short squeeze or simply a dead cat bounce from the recent selloff?

In this stock market update, we will review the stock market indexes, and analyze the #FAANG stocks for trade setup using technical analysis. In addition, we will also look at the price action from NVDA, BABA & TSLA.

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Stock Market Continues To Make New High - 1/27/2018

Market continues to make new high and main street is beginning to join in the foray. In this Stock Market Update video, we will take a look at the market and see if there is anything that might dampen the enthusiasm.

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Thanksgiving Celebrated With Another New All Time High

The stock market continues to make new all time high, even in a holiday shorten trading week. Internals are still intact for newer high. In this video, we will review the stock market indices and their respective ETF, #FAANG stocks (FB, AAPL, AMZN, NFLX, GOOGL), TSLA, BABA, TWTR, BAC, GS, JPM, MRO, DVN and SPWR for possible near term price moves.

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What Is The Breadth Telling Us - 1/31/2015

In this video, I will demonstrate how I use some of the market breadth indicators and how to get some clues on where the market might be headed.

It Tried

The title said it all. Whomever and whatever it is, it tried to fool the market participants into believing the market has the strength to continue to make new all time high. It tried to over shadow the market’s natural movement by injecting manipulative money into propping up the indices. Fortunately, the market always reveals to us what it is doing. The market shows us not by how much gain the indices have attained, or how high the indices have reached. Instead, it shows us through its breadth indicators how weak it is and how concentrated is the manipulative liquidity.

Fibonacci Rule

Today was another one of those last hour reversal day. Just an hour or so before the end of the trading session, the market started to reverse from a deficit of more than 200 points to closed nearly unchanged. What was striking is how and where the market started to turn around. You can call it coincidence, collution, natural behavior, or whatever you like. Take a look at the following charts where I have circled the spot where the market started to reverse. All of them reversed near or at a Fibonacci retracement level. I can see how some of the indices reverse at similar time, but at the same inflection point? If you are not watching Fibonacci retracement levels, you might want to consider it after you have reviewed these charts. As usual, click on the chart to get a larger image. The solid white line is the 0% & 100% Fibonacci level while the dotted lines are intermediate levels.