Again, self-explanatory and presented without commentary: Be sure and check out earnings dates.
These charts are self-explanatory and presented without commentary: …to be continued after the open.
A very rare candle pattern has formed on the daily Amazon (AMZN) chart. It is called a bearish tri-star pattern and is considered a reversal sign. The bearish tri-star consists of three narrow opening and closing range doji star candles. The second in the series closes higher than the first and the third in the… Read More »
Zoom Video Communications (ZM) shares jumped higher in the two months following the company’s IPO in April 2019. The stock price then began making a series of lower highs and lower lows trading back down to its IPO opening price of $60 in October of that same year. A bounce off the $60 level failed… Read More »
I’ve been using this chart to track the Volatility index for a long time. In the past the area between 11 and 12 has acted as a reliable floor of support. Short lived spikes and historically low readings suggest that there is little fear in the “Fear Index.” But that could be changing. It is… Read More »
Early gains in the big technology stocks faded later in the session on Tuesday, after the FTC said it will look into prior acquisitions by Alphabet (GOOGL), Amazon (AMZN), Apple (AAPL), Facebook (FB) and Microsoft (MSFT). Furthermore, there is little doubt that the momentum in these names and their heavy weighting in the S&P 500… Read More »
A major bearish reversal pattern formed this week on the Dow Jones Industrial Average (DJIA) daily chart. It is called an evening star pattern and is considered by many technical analysts to be a reliable predictor of market tops. The evening star is a three-day candle formation that consists of a large white candle, followed… Read More »
It was a good week for the market and a good month. Surprising, because in early October a major uptrend line on the S&P 500 was being tested and the technical indications suggested a breakdown. A breakdown suggested a major move lower. Instead, the S&P rallied right through October and finished the month and the… Read More »
The morningstar formation, as most readers know, is a three-day bullish reversal pattern. It consists of a large dark down-day candle , foloed by a narrow opening and closing range doji candle, and completed by a large white or up-day candle. It represents a transition in bearishness, to a neutral stance, to bullishness. The formation… Read More »
The S&P 500 index gapped higher last Friday but, as I noted in the previous post, the initial move faded and the close was well into the day’s lower range. That pull back formed a spinning top candle. A spinning top and also the doji candle, is a candlestick whose close is at or near… Read More »