Bull Train Remains in Full Control

Bears tried to break below 2900 key support today on the S&P 500, but failed once again so it’s time for the stampede to continue.
by Ricky Wen - 2 days ago

Perfect WWW Action

We got exactly that:  Weakness beginning of the week, down into Tuesday/Wednesday, before recovering to close the week strong.
by Princely Mathew - 3 days ago

USO: Striking Our Original Target

With the US Oil Fund (USO) now striking its head multiple times on the 13.45 original target we had set many months ago, it is basically in the same position that we have been tracking in the equity market.
by Avi Gilburt - 4 days ago

DXY - Creeping Lower But Still No Signal Of a Top

I am still looking for at least a local top in the U.S. Dollar Index (DXY) sooner rather than later.
by Mike Golembesky - 5 days ago

Long Signals But Possible Weakness Early in the Week

The Smart Money models remain on buy signals across the board. Open interest (OI) suggests some weakness in the beginning of the week ahead. This also ties in nicely with historical norms of having a pullback on the week before monthly options expiration.
by Princely Mathew - 1 week ago

Nightly Crypto Report: The Pause that Refreshes

To recap local support and targets:  I'd like Bitcoin to hold over $4645 and we should move on toward the $5700 region.
by Ryan Wilday - 1 week ago

Market Is Always Taking Us To The Edge

Our support now resides at 2845 on the S&P 500 (SPX), which would be the .382 retracement of the grey wave 3.  As long as we hold that support, I still can see further upside in the market, the extent of which will provide confirmation as to where this b-wave will finally top this week or early next.
by Avi Gilburt - 2 weeks ago

Eyeing Path Lower in April

Our Bayesian Timing System (BTS) still believes the path lower for the SPDR S&P 500 (SPY) will begin in April and most likely a top is seen before the end of next week
by Luke Miller - 2 weeks ago

High-Level Consolidation or Bull Train Acceleration?

The Emini S&P 500 is respecting and following our accelerated yellow line showcasing the Friday morning immediate breakout perfectly for now as long as 2830 support holds.
by Ricky Wen - 2 weeks ago

Calling the Move to 2840: What's Next?

The Emini S&P 500 had a little more bottoming action on Monday and then began a move higher to end the week at 2840, the target I laid out last weekend.
by Princely Mathew - 2 weeks ago

Crude and USD Looking Higher, Gold in Bottoming Phase

The outlook for the general trend over the next few weeks is up for crude, bottoming for gold, and up for the USD.
by Dr. Cari Bourette - 2 weeks ago

Video Chart Analysis on GOOS, KO, HMMJ and UNH

Our Stock Waves Charts of the Day Video covers Canada Goose Holdings Inc. (GOOS), The Coca-Cola Company (KO), Horizons Marijuana Life Sciences Index ETF (HMMJ.TO), and UnitedHealth Group Incorporated (UNH).
by Garrett Patten - 3 weeks ago

Trap Door Is Open AND We Have A Downside Set Up In Place

With the decline off the high last week completing 5 waves down below 2796 on the S&P 500 (SPX), the market opened a trap door below us which can begin a larger degree drop.
by Avi Gilburt - 3 weeks ago

Market in Transition

The stock market and its momentum seem to be in transition given what occurred on Friday, so be aware of the possibility that the bull train is at risk if no stick-save back above 2814 immediately in the next few sessions.
by Ricky Wen - 3 weeks ago

World Markets Round-Up: Late-Week Reversal

A round-up of the following markets: FTSE100, DAX, Euro STOXX 50, Mexico's IPC Index, and Brazil's Bovespa.
by Garrett Patten - 3 weeks ago

Crypto Nightly Report: Bitcoin Ideally Topped, Ether Sloppy and Corrective

Bitcoin (BTC) ideally topped in the red three. Ethereum (ETH) is particularly sloppy here, and the basic nature is corrective.
by Ryan Wilday - 3 weeks ago

Video Chart Analysis on XBI, XLF, DJ Trans Index, and BPTH

Our Stock Waves Charts of the Day video from Wednesday night covers SPDR S&P Biotech ETF (XBI), Financial Select Sector SPDR ETF (XLF), the Dow Jones Transportation Index and Bio-Path Holdings, Inc.
by Zac Mannes - 3 weeks ago

SPY Looking Lower

Examining the Bayesian probability paths, the SPDR S&P 500 ETF (SPY) has a 68% probability of a reaction lower off the 282-284 target range reached on Mar 19.
by Luke Miller - 4 weeks ago

More Grinding Action

The question still remains as to whether the market can continue to push higher towards the 2867-86 region on the S&P 500 (SPX), as shown on the 5-minute chart.
by Avi Gilburt - 4 weeks ago

No Surprises, Stampede Continues

The main takeaway from this week was that the bears failed their weekly bear engulf downside continuation pattern and in reality we got the opposing massive bull reversal into new highs of 2019 in the U.
by Ricky Wen - 1 month ago

Bigger Downmove Setting Up

Most likely we continue the minor pullback in the S&P 500 that started on Friday for 1-2 more days, set a low and move higher into coming week Friday for either one more higher high or a slightly lower high.
by Princely Mathew - 1 month ago

S&P 500 Getting Long in the Tooth

I think this move in the S&P 500 is getting long in the tooth and should be seeing at least a local top sooner rather than later.
by Mike Golembesky - 1 month ago

Video Chart Analysis on UNH, MCD, SGRY & COST

Our Stock Waves Charts of the Day Video features UnitedHealth Group Incorporated (UNH), McDonald's Corporation (MCD), Surgery Partners, Inc.
by Garrett Patten - 1 month ago

Bulls Very Resilient

We’re treating the current pattern as a high level consolidation/bull flag on the 1hr/4hr/daily timeframes where the bull train is considered to be in full control when immediately trending above 2785 on the Emini S&P 500 (ES).
by Ricky Wen - 1 month ago

Can Bitcoin Reach $65,000 by 2021?

I just got back from TraderExpo, where I shared my outlook for cryptos in 2019 and beyond.
by Ryan Wilday - 1 month ago