A Weak Start For The Market On Tuesday But A Strong Finish

By | June 19, 2018

Following up on yesterday’s post about trend line support on the major market index charts, three of the four index charts held above their respective uptrend lines. These support lines drawn off the lows since early May were tested on the S&P 500 Index, the NASDAQ Composite Index, and the Russell 2000 Small Cap Index… Read More »

Tuesday Could Turn Out To Be An Important Day For the Market

By | June 19, 2018

In Monday’s session the Dow Jones Industrial Average, the S&P 500 Index, the NASDAQ Composite Index, and the Russell 2000 Index each tested a two month uptrend line on their daily charts. Despite strong selling pressure in the morning, they fought back to close above their respective trend lines and form hammer candles. The formation… Read More »

Bearish Candles On The Stock Index Charts Bear Watching

By | June 13, 2018

It seemed like a fairly neutral statement by the Fed this afternoon, accompanied by the expected 0.25% rate hike. The major market averages had remained stable immediately following the Fed statement but then sold off into the close. The Dow was down today -119.53, the S&P 500 off by -11.22, and the NASDAQ Composite settled… Read More »

Right View Trading Featured On Mad Money With Jim Cramer

By | June 13, 2018

Right View Trading was featured on Tuesday’s “Off the Charts” segment of Mad Money last night. The analysis featured four potential “breakout” stocks in four different sectors. Jim Cramer does a great job explaining the “pictographs” and we appreciate the opportunity to be featured on the show. Take a look: Cramer: Edwards Lifesciences’ stock chart… Read More »

McDonalds: A Bearish Reversal Pattern On The Daily Chart

By | June 12, 2018

Shares of McDonalds (MCD) have labored to retrace the February drop in the stock price. In the four month process that followed they formed several consolidation patterns, depending how you draw the lines. The first looked like an inverse head and shoulders formation, and then a complex right shoulder developed. After that, a small descending… Read More »