Category Archives: Intraday Charts

Dammit, Carl!

The talk on CNBC is that the proximate cause of today’s intra-day reversal was the result of comments made by Carl Icahn this afternoon on their network. Let’s go to the charts…. Ok, no argument from me. Tomorrow may be a good time for some positive push-back by a Federal Reserve Governor.

Facebook – Multiple Timeframe Dojis

Facebook (FB) gapped higher on the open Thursday and continued higher for the first 30 minutes of the session. Then it formed a gravestone doji star and came off its high, spending the rest of the session moving sideways. A gravestone doji is a candle that has a high upper wick and narrow opening and… Read More »

The Witching Hour for the SPY

The market action this week was subdued, but there were some volatile intraday moves and those moves were all initiated in the 2:00 o’clock hour. The 10 minute chart of the S&P SPDR (SPY) illustrates this, including today’s sharp decline into the last two hours of trading today.