The S&P 500 is hovering just below all-time highs. The AD-line positive divergence which occurred back in June has been a historically reliable indicator that the S&P 500 would also follow through to new highs. The S&P 500 is currently...
Amazon Inc. (AMZN) has been on the last two weekly stock watch lists. It also had an asterisk (*) beside it to indicate that the handle was fairly well-formed. It just required a consolidation and a breakout. Today that breakout...
I continue to watch for cup-and-handle and continuation patterns. To learn more about these patterns, check out both of the following articles: The Cup and Handle Swing Trading Strategy – Explosive, Consistent Price MovesHow to Scan for Cup and Handle...
The stock market remains in an uptrend. With that being the case, I continue to buy valid trade setups in stocks as I seem them. Here are some brief summary points on the current condition of the stock market indexes....
Stock market indexes remain in an uptrend, as does gold, presenting lots of opportunities for swing trading stocks. Here’s the outlook and stock watchlist for high momentum stocks potentially near breakout points. I continue to take long trades as quality...
The S&P 500, Nasdaq 100, and Russell 2000 futures/indexes remain in uptrends, with the Russell looking a little flatter. There is certainly the possibility of a pullback, but that is why we use stop losses on our swing tradings. I...
In terms of the major indexes, the story is the same as last week. The S&P 500 remains in an uptrend following the March 2020 bottom. The Nasdaq 100, Russell 2000, and the Dow Jones Industrial and Transportation indexes are...
Bitcoin has a cup and handle forming. Cup and handles are one of my favorite patterns, and the pattern in Bitcoin is “ideal”.There are a few versions of the cup and handle that I trade. The one forming in Bitcoin...
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