There was a powerful wave of buying that swept through the market on Tuesday. The major market indices were up over 10% in the session, closing on their highs. It was a relief to investors after a month of what seemed like indefatigable selling. In addition to the the positive price and money flow momentum… Read More »
Jim Cramer featured the technical work of RightView Trading on the “Off The Charts” segment of Mad Money exactly one month ago. Here is a recap of the piece from a follow-up article on TheStreet.com that day. It was another in a series of “Off the Charts” analyses that we did on the long term… Read More »
After the close on Monday I wrote about the bearish technical divergences that were present on the chart. The prior week RightView Trading was featured on the “Off the Charts” on Mad Money with Jim Cramer. In the segment we pointed out the bearish divergence between the Cap-Weighted S&P 500 Index, with a heavy concentration… Read More »
Monday’s market decline was brutal. The Dow Jones Industrial Average was down over 1,000 points. The S&P 500 Index opened below its 50 day moving average and below a long term uptrend line on the daily chart. The S&P did attempt a bit of a recovery in the Monday session around 3:00 o’clock in the… Read More »
Normally market movement is related to a combination of causal fundamentals followed by a reaction that is technically triggered. The 1000 point drop in the Dow on Monday was the reverse. The movement was related to a technically tentative market condition that was triggered by the fundamental concerns over the coronavirus. The daily chart shows… Read More »
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 »