Category Archives: Intraday Charts

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.

Shake Shack All Shook-Up

Shares of Shake Shack (SHAK) have been shaken up pretty good so far this month. The 60 minute chart shows large percentage moves over one and two day periods that would test the internal fortitude of the most committed investor, or the skills of the most nimble trader. The generalized result of all this movement… Read More »

Exxon – Probabilistic Nature of Charts

The daily Exxon Mobil (XOM) chart is thing of beauty. In one pictograph it reveals the probabilistic character of charting and why it is an art form and not a science. The downtrend trend line that formed after the decline off the August highs to the October lows was broken to the upside and retested,… Read More »

Update on the Intraday SPY Double Star

This is a follow-up to the previous post on the two eveningstar patterns that formed on the 10 minute chart. A downtrend line can be drawn off their highs and the $197.10 level is supplying support. As I said earlier, I was not trading the second star, but that is more a function of the… Read More »

Reversal Pattern on the 10 Minute SPY Chart

An eveningstar pattern formed on the 10 minute SPY chart at the open and another has formed again, at a lower level. The eveningstar is a three period candle formation that consists of a large white candle, followed by a candle with a narrow opening and closing range, and a large dark candle. It represents… Read More »