Complimentary Articles and Analysis
Spotting Tradable Pullbacks after Trend Reversing Surges
Most stocks surged with the broader market in the fourth quarter of 2023. SPY and QQQ extended their advances in 2024, but some stocks did not partake and fell back. Even so, some of these stocks show signs of long-term trend reversals and their declines in
Finding Leaders and Bullish Signals on the Price Chart
Chartists can improve their odds by focusing on stocks that are in long-term uptrends and showing upside leadership. This is similar to a dual-momentum approach, which was covered last week. Today’s example will use the 40-week SMA to define the trend, a 52-week high
Capturing the Momentum Phenomenon
The momentum phenomenon has been a fixture in the US equity markets for decades. There are two types of momentum to consider: absolute momentum and relative momentum. Absolute momentum refers to the underlying trend, up or down
Generals March On, but Fewer Troops are Following (Free)
Divergences reflect a disconnect between price and the indicator. A bearish divergence forms when price forges a higher high and the indicator fails to confirm this high. In this case, we have the S&P 500 moving higher and fewer stocks
Gold is Making Waves Again (Free)
Gold is not the most exciting asset at the moment, but it is in a long-term uptrend and it is perhaps the strongest commodity out there. There are also signs that the January decline is ending as RSI hits a momentum support zone and a bullish continuation pattern forms.
A Biotech Stock with a Breakout on the Weekly Chart and a Classic Retracement on the Daily Chart – Part 1 (Free)
This week’s analysis will stick with the multiple timeframe approach. Today we are featuring a biotech stock with a channel breakout on the weekly chart and a classic retracement on the daily chart. Moreover, a larger bullish reversal pattern could be forming on the daily chart.
Using Two Timeframes to Increase the Odds – The Strategic Overview – Part 1 (Free)
Chartists looking to increase their odds should consider two timeframes for their analysis. The longer timeframe sets the strategic tone, while the shorter timeframe defines the trading tactics
Apple hits Support-Reversal Zone – What is it and why is it important? (Free)
Tech stocks were hit with selling pressure to start the year, but many are still in long-term trends and some are nearing support-reversal zones. In particular, Apple (AAPL) fell to a support-reversal zone and I am on alert for a bounce. Let’s investigate.
Charting the S&P 1500 Zweig Breadth Thrust using Advance-Decline Percent (Free)
StockCharts users can chart the Zweig Breadth Thrust for the S&P 1500 or any other index that has Advance-Decline Percent data. All we have to do its convert the Zweig Breadth Thrust levels to their equivalents using Advance-Decline Percent.
A Dozen Books that Influenced my Analysis Process, Understanding of Markets and Trading Mindset (Free)
While there are too many influences to list in one post, this commentary features a dozen books that helped me over the years. These books cover technical analysis, trend-momentum strategies, insights from great traders and the mindset required to stay in the game.