Category Archives: Patterns and Formations

“There is no S&P 500 index anymore.” Here’s Why.

"There is no S&P index anymore. It's just a few names." @CarterBWorth takes to the charts to explain the market's major bifurcation. pic.twitter.com/PYykZ6Z4lP — CNBC's Fast Money (@CNBCFastMoney) July 6, 2020 “Chart Master” Carter Worth checks out the concentration of capital issue in the S&P 500 index. This overweighting problem is why, when traders finally… Read More »

The DOW : Monday’s Focus Was On Breaking Through Resistance – On Tuesday The Focus Is On Holding Support

Yesterday we took a look at the Dow Jones Industrial Average chart. The primary focus was on the trend line resistance level situated in the 26,426 area which is being reinforced by the horizontally tracking 200 day moving average. A strong open suggested that the Dow was set to break above resistance and potentially move… Read More »

Critical Event Management Stock Poised To Move Higher

Everbridge (EVBG) is a software company located outside Boston. It’s platform and software applications address critical event management and it serves enterprises and government agencies. Here’s a link to an interview with the commpany’s CEO and a description of their “Covid-19 Shield.” The daily chart shows the stock price consolidating this month in a rising… Read More »