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NorthmanTrader

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Market Analysis

Raging Bull Patterns

Technical analysis is about identifying potential tradable edges, be it with patterns and/or pivot levels of support and resistance. I say potential because there are no guarantees in anything and one must know when a pattern, for example, is either no longer valid or when it is confirmed. Since last week I’ve been discussing a potentially very bullish pattern with a specific price target which I also highlighted in the […]

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Weekly Market Update: Battle Lines

There are a lot of people expressing certainty about the rest of the year. For most the next move is higher as they are expecting a massive seasonality based rally especially if the Fed holds off on raising rates in December. Some are coming out and predicting a sell off and a bear market to evolve. While I’m in the latter camp in the longer term I’m currently in the […]

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Weekly Market Update: Back with a Vengeance, But…

After making a dirty new low on Monday stocks roared back with a vengeance ($NDX rallied over 8% off the bottom) reaching some of our target zones we outlined last weekend before retracing a bit on Friday. By Wednesday Wall Street predictably trampled all over itself calling a bottom in markets accompanied with predictions for a massive year end rally in many cases calling for new highs to come. Never […]

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Monthly Charts

As I promised yesterday on twitter below are some monthly chart closes that may be of interest. I’ll leave the analysis part for the weekly market update on Sunday and present these charts as observational here. Before we run through the charts one factoid that really sticks out: The global correction in October was brutal as it was historic. Here’s the global market cap wipe off in just October: $8 […]

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Trading The Big Call

What if you had access to the perfect big market call? The one that says where the market is going in the future, not for a small move, but a big move? You’d position for it of course and you’d wait until the price target is met and laugh yourself silly all the way to the bank. Simple enough right? That’s the big concept behind swing trading. But it requires […]

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Weekly Market Update: The Positives

I could show you a hundred charts that say one thing: Things are terrible. But then that’s what charts are supposed to look like following a steep decline. And this recent decline has been vicious and steep, although not a surprise as it was well advertised in advance by the technicals. So rather focus on all the ugly charts I instead want to shine light on some of the positives […]

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A Bullish Chart

Carnage in markets today as the previous October lows are being retested and new lows at key levels may well be in the offing as discussed in the Weekly Market Update. But there’s a glimmer of hope here for bulls, at least in the short term. One signal chart is flashing a historical sign that a bounce of size is coming. Whether from here or from new lows and that […]

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Weekly Market Update: On Knife’s Edge

Last week’s inside week produced a massive rally off of heavily oversold conditions, but then gave a large part of the gains back, closing just above the weekly 50MA, but below the 2016 support trend line leaving markets on a knife’s edge. My suggestion to both bulls and bears here: Pay really close attention and keep a very open mind. Make no mistake here: This is a critical phase for […]

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KISS Report

Mella’s morning note to clients below. #marketwisdom #KISS Morning guys, I want to keep this simple and get straight into the charts. But just quickly we have to acknowledge here the dynamics of the markets. Europe started the decline first. Everyone thought that the US would be immune to the decline. It’s the safe haven blah blah. Just keep piling into the US, Europe doesn’t matter. Well those theories ended […]

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Weekly Market Update: New Highs or Bust

Long term market trends remain intact, yet charts indicate a market on a knife’s edge as significant technical damage has been inflicted. Markets are deeply oversold and the nature of the next rally will be determine whether this bull market can survive or if a larger bear market may begin to unfold. The larger message: New highs or bust. In this week’s update I’ll give you both some of the […]

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