Technical Analysis A to Z

Watch the video below to get caught up on today’s market action and up to date on the Technicals driving several different markets.     Well, the S&P 500 looks to continue lower today and by doing so would mark the 4th lower close in a row. From a Technical Analysis standpoint the $134 price [...]

The S&P 500 closed lower again today amid traders concern of over exactly what is going to happen in the Eurozone with respect to Greece’s debt crisis. This down move over the last few days is definitely more of a concern to traders as indicated by the pickup in Volatility Index which closed at 21.97. [...]

Today the S&P 500 opened lower but has since bounced back to even on the day. Since price broke out of the Ascending Triangle Formation on 1/3/12 the S&P has continued to drift higher. From a Technical Analysis perspective, the long term ramifications of this pattern breakout gives a projected price target of around $138 [...]

The S&P 500 is nearly flat on the day after moving lower at the beginning of the session. If price action holds, then the lower move earlier in the day will leave what’s known in Candlestick Analysis as a long lower shadow. This lower shadow in the presence of an uptrend forms what is known [...]

Yesterdays price action on the S&P 500 broke above a chart pattern known as an Ascending Triangle. Is this this now going to be the new direction of the market? We’ve been looking at the Technical Analysis of this market for the past 4-6 weeks and detailing how we expect price to break one way [...]

The markets moved lower today by over 1% and the S&P 500 halted five straight up sessions to close lower on the day. This over 1% drop moved the S&P 500 index back into negative territory for the year. From a Technical Analysis perspective, this market continues to consolidate. This is evident by many different [...]

If the S&P 500 can hold on for the next few days the market will close up for the 4th straight trading session. This all happens with a 2 month Congress approval of the continuation of the payroll holiday is made and news of the worst new home sales since records were initiated in 1963 [...]

The S&P 500 Spyder, the SPY, looks as if it will form a spinning top if today’s price action holds. The long lower shadow of today’s candle touched the 50 day simple moving average before moving higher indicating that there are buyers at this level. As you can see, candlestick charting gives a great understanding [...]

Today’s market action is shaping up to be the 3rd down day in a row for the S&P 500. The market opened with a gap lower today and is currently forming what looks to be a spinning top candlestick with an equal upper and lower shadow. With the gap lower at the open, price dropped [...]

Ben Bernanke noted today that the Federal Reserve will not change rates and noted that while the US economy may be expanding slightly global growth is slowing down. Here’s MarketClub’s take on today’s trading action. Check back later for a more thorough breakdown of the S&P 500 chart and stock market analysis. Try MarketClub for [...]