The feeble but positive bounce on the daily charts of the major market stock indices on Thursday created individual doji candles on their weekly charts. A doji as we all know is a closing print at or near the opening price of a stock. Thursday’s session finished right about where the indices opened on Monday.… Read More »
In June last year, the SPDR Gold Shares ETF (GLD) broke above long term resistance situated in the $130 level. This level was also rim line resistance of a shorter term cup and handle pattern on the weekly chart. The cup and handle pattern projected an upside target price measured by taking the depth of… Read More »
Again, self-explanatory and presented without commentary: Be sure and check out earnings dates.
These charts are self-explanatory and presented without commentary: …to be continued after the open.
A very rare candle pattern has formed on the daily Amazon (AMZN) chart. It is called a bearish tri-star pattern and is considered a reversal sign. The bearish tri-star consists of three narrow opening and closing range doji star candles. The second in the series closes higher than the first and the third in the… Read More »
The first that comes to mind when you think of Bitcoin ($BTC) is volatility. The digital currency has certainly seen some dramatic price swings over the last several years. But take a look at the weekly chart of Bitcoin and you notice something unexpected. While even the smaller swings in price represent large dollar moves,… 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 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 »
RightView Trading was featured once again, on the “Off The Charts” segment of Mad Money tonight. Jim Cramer and his team always do a fantastic job of bringing the two dimensional pictographs to life. We greatly appreciate their work. Tonight’s piece was a follow-up to a February segment where we examined the broader market averages.… Read More »
The weekly chart of Proofpoint (PFPT) shows several attempts over the last two years to break above the $130 level. Another attempt is underway. Watch for a confirmed breakout which could potentially be the start of a new bull phase. Shares of Delta Airlines (DAL) have been declining since August this year. More recently they… Read More »