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NorthmanTrader

Markets – Macro – Stocks – Charts – Alerts – SetUps

Tag Archive for ‘NYSE’

The Big Move

A big move is coming in the S&P 500 and it will take everyone’s breath away. Simply put: The S&P 500 has traded in a multi-year consolidation range with a high of 2134 and a low of 1810. A breakout or breakdown out of this range could result in a measured technical move of the height of the range, i.e. 2134 – 1810 = 324 handles. Consequently a break toward the […]

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2016 Technical Outlook

If there was one key trading lesson to draw from 2015 it is this: Ignore the noise and focus on the technicals. Hence in today’s article I’m outlining what I’m seeing from a technical perspective across multiple time frames and asset classes. Note I’m not trying to convince you of any particular view here, but my aim is to share, what I consider to be, fascinating data sets that hopefully offer some […]

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Get High Or Else!

In yesterday’s (Dec 12) technical charts I outlined some key follow up charts. If you haven’t seen them I highly encourage you to check them out as the context is important. As outlined 75% $NYSE stocks are now below the 200MA. After reviewing dozens of charts this weekend one message permeates the landscape: Markets need new highs or else. Why? Because every structural chart points to a repeat of previous […]

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Weekend Charts: Charts That Make You Go Hmmm

This market remains a fantastic trader’s market if you know how to trade chop in a disciplined manner and not let it affect your psychology. Despite not seeing any major drops or breakouts (remember the fake out and fake down theme) price continues to move in a rather predictable fashion, the latest being the typical OPEX ramp that we have now seen on a very regular scheduled basis: Yet the news media […]

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Weekend Charts: Choppy Waters

Markets moved lower on the first trading day of 2015 extending the weakness we had seen in the previous couple of days. So far none of this is unusual or surprising. Per some of the analogs we have been watching early January weakness is to be expected as people lock in deferred gains on some winners following big gains in the previous year: Per our 2015 outlook we continue to […]

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