MyStrategicForecast

Today's market was once again rather quiet but started to edge higher and finished in the green. They're headed for a destination, we've seen this movie and read this book before. The stock market and major indices are certainly in overbought territory, however there's no real time measurement for overbought or oversold condition. Market  technicians use this term very very Loosely however on...

Today's market was once again extremely quiet. Their setting up for a bigger market move, the sixty four thousand dollar questions is, which way?   We provide common sense technical analysis on many different markets using charts from various time frames to give traders and investors the most comprehensive look at what today's market is doing. Whether you're a beginner or advanced trader...

Today's market was once again rather quiet, was up and down a little bit however finished just like the last several days slightly positive. It's apparent to me the market is setting up for a larger move sooner than later. This is derived from the several divergences that we see, the quiet Market which is causing traitors to fall into a false sense of security and the current pattern that is devel...

Today's market was once again very quiet, however does feature some divergences in the making. They tried to breakout and sustain new highs today in the S&P 500, but were not able to stay up there, let along close the day up at new highs. There's still nothing bearish on the charts, but we are extended and far away from what we like to call "home base" or the 20 period moving average. The tech...

Today's market found another light volume session with little trading activity from Market participants. Much of it is likely due to the holiday, however we have seen light volume for the last several trading sessions. At this point, the market may be poised for a larger move than the norm.   The. Following very very light volume and quiet markets typically have the opposite effect. The analy...

The overnight futures spiked higher, and we had another gap up on Thursday morning. This time however, the market stalled out, came up short the big phat round number of ES 3100 and SPX 3100, and proceeded to pull back. The volume was still very light and this continues to put the market at risk of a vacuum either to the upside or the downside. The analysis found in these videos is appropriate for...

Today's market showed a little bit of a different look than the past couple of days. Today they finally went down and filled the Gap in the S&P500. However, the volume was still very light and this puts the market at risk of a vacuum either to the upside or the downside. The analysis found in these videos is appropriate for both beginning Traders and experienced Traders alike. We look at only...

Today's market was once again very quiet with volume on the lighter side. In this video will discuss both sides of the tape.  We’ll look at the gap down below and whether or not markets want to get down there. What happens after that is extremely important. The larger picture is there still bullish. There's nothing wrong with the market. In these videos we teach technical analysis using just...

Today’s market continues to push higher toward a destination unknown.   Markets always climb the wall of worry.  This one is no different. We use only the candlestick charts, moving average and the chart patterns that repeat over and over allowing us to take full advantage. Technically, there’s nothing wrong or bearish about the market. Markets continue to play the same game. Light...

Today was post fed day and we saw a little selling across markets.  Was it just normal garden variety selling, or did the S&P500 put in a top coinciding with the Federal Reserve Interest Rate announcement? We don’t know for sure, but we’re watching.   Technically, there’s nothing wrong or bearish about the market. Markets continue to play the same game. Light volume and at the e...

Today was fed day and it's over.   We like to call it Kabuki theater, but for the purposes of this discussion said day is behind us. Markets continue to play the same game. Light volume higher prices. The FED lower interest rates by 25bps.   nobody cares, what they really care about is that the FED has a put underneath the market. The whole idea of the FED is that the marketplace has con...

In this episode of Common Sense market analysis will take a look at today's market, even though there was a very narrow trading range as we await the Fed or Kabuki Theater. The market made another new high today, and the big question around markets is will new highs continue or where will the high ultimately be and will we have a reversal in this market? The analysis found here is strictly of a te...

In this episode of Common Sense market analysis will take a look at today's market what happened and what didn't happen. The market made a new high today, and the big question around markets is will new highs continue or where will the high ultimately be and will we have a reversal in this market? The analysis found here is strictly of a technical nature using just the Candlestick charts and movin...

In this episode of Common Sense market analysis we  discuss the market from many different perspectives. We'll take a look at today's market in particular, will look at the market from a technical perspective using candlestick charts, and we’ll also discuss the market from an emotional and psychological perspective. Today's market was somewhat of a rodeo ride. We had a gap and crap to begin t...

In this episode of Common Sense market analysis, we will take a look at today's market and take extra notice of the last few minutes of the day. Many traders have been looking for a market reversal. We discussed one in the most previous episode. We'll take a look at a variety of different markets and a variety of different charts to determine what the next likely scenario is for the market. ...

In this episode of Common Sense market analysis, we will take a look at today's market and the potential reversal that took place intraday. Many traders have been looking for a market reversal. Today was an important day because the market meaning the SPY came up short of the Gap up above. It came up short by less than $0.20. We'll take a look at a variety of different markets and a variety of dif...

Today's market was very quiet and a steady grind higher. The main question on investors and traders minds is whether or not the S&P, DOW and other markets will make new highs and keep going... In our analysis, we don't care which way the market is headed. What we focus on is the direction, the target and how we can make money on the way or when it gets there. The technical analysis is centered...

Today's market featured a very narrow range once again. In this episode of Common Sense market analysis we will take a look at the market from a variety of different angles and while using a variety of different charts will get a handle on what the next larger move is likely going to be across the major indices. We use strictly technical analysis from only the Candlestick charts and using just mov...

Today's market was rather quiet, certainly as compared to yesterday's large-scale up day. In this episode of Common Sense market analysis will take a look at markets from a technical perspective only. We look at Candlestick charts we use moving averages and nothing else. We don't use any lagging indicators because  By definition they don't work because they are lagging. Most of the markets as...

In today's Episode of Common Sense market analysis we'll take a look at the powerful move to the north side that the market experienced today. Will look at all the different charts that are necessary to determine whether we're going to see a new all-time highs in this market or is this just the trick trap hole and frustrate crew playing games, trying to get as many bulls on board as possible befor...

In today's episode of Common Sense market analysis we will take a look at the market from a technical perspective. The market happened to be very quiet on very light volume. Most of this was due to the fact that we had simultaneous holidays going on both here in the US and in Canada. Just because today's market was quiet, that doesn't mean that tomorrow's Market or the rest of the week will be jus...

Today's market was off to a rocket ride. The question now is whether or not this is the beginning of another leg higher or will the market come right back down. The analysis contained in this video is based on the technical aspects of the candlestick charts using mostly common sense and some moving averages as a guideline. We look at the charts in a way much different than most other traders....

In today's episode of Common Sense market analysis will discuss the Continuation of the ABC pattern that's found on the daily chart. We've been discussing this pattern for several days and at present, time is running out. Our expectations are for this pattern to complete within the next couple of days. We go over the detail about this and the technical analysis using only the charts, our knowledge...

In today's episode of Common Sense market analysis will discuss the bullish tone of the market and whether or not we're in the midst of making an A B C type pattern. This entire video is comprised of technical analysis using Candlestick charts and moving averages only. We’ll discuss both the short and long-term of this Market. The market can be in a short-term uptrend and also at the same time be...

This episode of Common Sense market analysis, we'll take a look at the market from both a bullish and a bearish standpoint. Today's market saw more selling pressure then we've seen in a few days. At one point they tried to Rally the market but failed.   We look at markets from strictly a technical perspective using Candlestick charts. we don't use any indicators, we don't like the fact t...