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Stock Chart Today: Rebound Wave

May 14, 2021, 8:54 am EDT Rebound Wave The stock market began its rebound wave after three red days. Here are two factors to check in the next few sessions to determine if this rebound will re-charge ...

Stock Market Today: Sharp Reversal

April 22, 2021, 1:48 pm EDT Sharp Reversal Biden capital gain tax is on the table that caused a sharp reversal to the downside with -300 points drop as shown. Staying defense is the key for this envir...

Stock Market Today: Sell-off Intensifies

April 20, 2021, 11:52 am EDT Sell-off Intensifies Selling power intensifies today with DJIA -300 points as of now. We can see from the chart of Dow Jones ETF (DIA) where the rising wedge pattern is ab...

Stock Charts: Rising Price and Falling Volume

April 12, 2021, 1:33 pm EDT Rising Price and Falling Volume Rising price and falling volume is not a bullish pattern from a technical analysis point of view. Especially, it is highly suspicious at the...

Stock Market Today: Stay Calm At All-Time Highs

April 6, 2021, 2:36 pm EDT Stay Calm At All-Time Highs Stock markets re-enter hyper bullish mode at record highs zone for S&P and Dow Jones. Nasdaq is also getting back to a near-record high. But....

Market News: Bull-Bear Transition Year 2000

March 10, 2021, 2:08 pm EST Bull-Bear Transition Year 2000 Nobody knows the future but everyone knows the history. If history can teach us some lessons, then it is important that we learn from it. Fur...

Market Charts: Tough Battle at Diamond Top 

Last week two big down days and this week one up one down confused market participants on market direction. 

Stock Market Today: Rollover Breakdown

January 29, 2021, 4:38 pm EST Rollover Breakdown After a couple of weeks hovering around the record high level, stock markets decided to give up by rolling over and breakdown. Please note that yesterd...

Stock Charts: Gap-down and Potential Top-Out

January 15, 2021, 10:31 am EST Gap-down and Potential Top-Out All indexes are down about -1% with DJIA declines -300 points. It is not a good sign after hovering at the top for 6 days. In fact, the bu...