MyStrategicForecast

Today's market featured a little bit of bull and a little bit of bear. In the end it was very quiet and we were not able to gain any insight into where the next leg of institutional activity will be. However, lucky for us we use candlestick charts on a variety of different time frames to help us map out our highest probability of where the stock market, namely the SPY will be headed next. In tonig...

In this episode of common sense market analysis, we'll take a look at where and why the market bottomed today, and more importantly will this be a short term or longer term low. We do all the analysis using the candlestick charts, technical analysis and common sense. We don't use indicators since the tend to be lagging and we already know what happened. In tonight's video, we'll discuss how much o...

Todays market was hit pretty hard. The question for those who question technical analysis is - was it the charts, or was it something else... As volatility expands, the price movement in both directions will also increase, hence we see larger price swings in both directions when things get "uncomfortable." The analysis you'll find contained in this broadcast is appropriate for both beginning trade...

Today's market was a slow grind lower comprised of perpetual selling rather than powerful selling. We'll take a look at some of the areas down below that the market might pay a visit to, sooner than later. We use technical analysis and candlestick charts to identify the highest probability thing that's likely to happen in and around markets next. The education found within is appropriate for begin...

Today's market was extremely quiet with bookends for movement. The beginning and end of the day saw a little volatility, but the majority of the trading day was a sleeper market. The stock market analysis found in this episode is appropriate for beginning traders as well as experienced market participants. We cover the candlestick charts, technical analysis using mostly patterns and visual pe...

Today's market tried to sell but was rescued once again by the "buy the dip" crowd who allowed the bulls to close markets around a very imporant price area when considering the S&P 500. In this episode, we'll look at the candlestick charts from many different angles using time to our advantage. Everything we do is also from a purely technical and chart perspective.   We don't wa...

Today's market looked like it was falling apart early in the day, right before the "buy the dip" crowd showed to save the day.   What caused the panic buying early in the trading session? Did the markets hit a very important technical price level on the charts? What are the charts telling traders? One thing they did which is discussed at length in tonight's episode of common sense market...

Today's market finally broke. When it feels really really wrong, it's generally right. This is a phrase that has been repeated in these videos like a broken records. We look at charts from a technical perspective. We also use time to our advantage. Time is more important than price. When time is up, time is up. We analyze the candlestick charts using common sense and logic.   This stock...

Markets are poised for a bigger move. They've been hanging around this area just below the highs for a while, now time is up and it's likely up this week. In this episode we'll take a look at the evidence from a technical analysis and candlestick chart perspective. This analysis is appropriate for beginning traders as well as traders will various level of experience. We use charts, different...

Today's market challenged the former highs, but was not able to sustain. What does it mean post Fed that markets are still trading near the all time highs? This question and a lot more will be answered in tonight's episode of common sense market analysis. We look at the candlestick charts from a purely technical perspective. The analysis is appropriate for beginning or new traders and tr...

Fed day came and passed. In the end, we got pretty much as expected. Now back to business - what's next for tomorrow's market and beyond... The S&P closed right on top of a very interested and critical area. From a candlestick chart and technical perspective, it was too close to call.   We'll have to dive deeper using everything else in our tool box to put the pieces o...

The close is always important. Was today's close different than other closes? It's possible with the upcoming Federal Reserve or FOMC announcement on Wednesday. Today's market saw an end of the day rally to fill a gap left open from Friday's close. Was that all it was, or more. What's interesting is during tonight's episode of common sense market analysis, we'll take a look at a can...

Today's market was very telling. Most traders were thinking of a bigger decline based on the weekend news of the oil field strike. Crude Oil has a tremendous spike higher, but the stock market shrugged it off, as if it didn't care or see any reason to be nervous of more or different type of activity. There are some divergences to be had, and therefore more now than ever we must rely on sound...

Today's market saw the S&P 500 spike up to make a new high, then back off. Does that have any real meaning? What is the meaning of the Doji candle it left behind on the daily chart. This type of candlestick is important, but there are also other things on the chart that may out weigh the doji. These things are discussed in tonight's episode of common sense market analysis. Where...

Today's market saw the follow through from yesterday's low. The important numbers held, the market wanted a minimum of the big phat round number of 3000 on the SPX, ES and SPY 300. It's all done and now we get down to business. Where to next? That's the obvious $64,000 question.   In tonight's episode of common sense market analysis, we'll take a look at the candlestick charts,...

Today's market was very interesting. It was slow, but the technicals and the numbers were spot on.   The market continued all day to respect the Important Numbers which are derived using only technical analysis of the candlestick charts. The analysis found in the common sense market analysis video is great for beginning traders, as well as traders of all shapes and sizes. We use a t...

Today's market picked up where it left off last week. They still haven't found final destination yet. We were reminded today about the importance of certain numbers, they are all discussed in tonight's episode of common sense market analysis. We review candlestick charts, technical analysis, my favorite indicators and try and decipher what the market is trying to express in the way of information....

Panic buying set in. Today's market had the big gap up, but couldn't get any farther. What does that tell us from a chart perspective? What does technical analysis indicate the next major move for markets is? What do the candlesticks say. In tonight's episode, both beginning traders and experienced traders alike will get a current view of where the S&P is as well as the other fa...

Today's market finished out near the highs. How significant is that? From a technical and chart perspective, it's bullish however they've now run up against the former highs once again. Will this time be the breakout to the north side? Will the trick, trap, fool and frustrate crew pull the rug out again? These questions and more will be answered in tonight's episode of common sense marke...

Today's market looked promising for the bears. Why did the bulls put up such as fight around the big phat round number of ES 2900? For the most part, it's a psychological number. Technical analysts understand that buyers will show up below 2900 and the bears will try and keep the market below 2900. It was a battle and they were able to close above. Is that significant? We'll fi...

Today's market continues to drive trades up the wall of worry. It appears on the surface there was a reversal candle make today on the daily chart. In this episode of common sense market analysis, we'll review whether or not that analysis holds true and what characteristics we need to confirm whether it is or not. We use the candlestick charts and technical analysis to determine everything we...

Markets were excited today and everything had a green price tag on it. As we go into a long Holiday weekend, markets have a tendency to work their way higher in a very quiet light volume type of market. Right now, the SPY is headed to the top end of the range it's been trading back and forth within for a few weeks. The market is designed to trick, trap, fool and frustrate as many traders and inves...

Today's market saw an early reversal take place. We flagged it early in the IWM and other markets that shows relative strength.   The charts always tell the tale, it's simply a matter of reading them correctly, as if to learn another language.   We provide common sense technical analysis on many different markets using charts from various time frames to give traders and in...

The gap and crap is a technical analysis term for a market that appears to be headed higher first thing in the morning, yet only to turn around and head in the other direction. In this episode of common sense market analysis, we'll look at the market from a chart, candlestick and technical perspective to gain an understanding of what the most important price zones are for the SPY.   Also...

Today's market was much more normalized than that of Friday's wild price action. At the end of the day, marketes settled out in "no mans land," which leaves us about half way between Friday's high and low range. What is the prognisis going forward?   In tonight's episode of common sense market analysis, we'll review what our expectations are for the rest of the week, why we may see less...