Preparing For Next Week: A Multiple Time Frame Review Of The Major Market Indices

By | June 20, 2021

Last week could have been a transitional period for the major market averages. The Dow Jones Industrial Average rolled over and sliced through its 50 day moving average, accelerating lower in Friday’s session. The decline in the S&P 500 Index began on Tuesday and picked up speed as the week progressed closing below its 50… Read More »

Double Eveningstar Pattern On The Dow Jones Industrial Average Chart

By | May 19, 2021

What is an eveningstar pattern and what does it mean when there are two eveningstar patterns on a chart. An eveningstar is defined by Investopedia as: The evening star pattern is considered a very strong indicator of future price declines. Its pattern forms over a period of three days: 1. The first day consists of… Read More »

Exhaustion Gap On The Alphabet Chart – The Rally May Be Coming To A Conclusion

By | April 29, 2021

The rally in Alphabet (GOOGL) may be over. This is a pretty bold statement considering the strength in the stock over the last six months. I’m not making a prediction but rather reporting on a technical condition on the chart and its implications for price going forward. That’s what good technical analysis does, it suggests… Read More »

Ten Tradable Stock Charts with Positive Price and Money Flow Momentum

By | March 8, 2021

I scan primarily for stocks with a combination of positive price momentum as measured by the Relative Strength Index (RSI) and positive money flow momentum as suggested by the Chaikin Oscillator. You can scroll through the “Chart School Technical Indicator” section of Stockcharts.com for information on these two indicators. Then from that list I drill… Read More »

Bitcoin – This Chart Pattern Suggests 20% More Upside and a New All-Time High

By | February 3, 2021

A bullish triangle pattern formed on the Bitcoin chart last month. It signaled a pause in the long term uptrend and the beginning of a consolidation phase. This month Bitcoin is breaking out of the triangle consolidation and is moving higher. Follow-through price action is suggested by taking the height of the triangle pattern and… Read More »