MyStrategicForecast

Today's market was the big day many traders have been looking for. Whether you believe in the Fed, the Tweet, the numbers, or some other situation relating to why markets fell, it really makes no difference at this point. What we need to do is figure out where the stock market goes next and how it might get there on what type of journey. We use technical analysis even a beginner trader can un...

Today's market was anything but garden variety. An early spike higher only to be met with over head resistance on the charts to see markets go on a hard fast selling spree. By the end of the day, the returned to the zero line, making it look boring at best. What's really going on is that market participants are once again "waiting on the Fed." Friday the Fed Chair Jerome Powell will provide s...

Too many traders looking for downside in the market, and another day where the shorts received a pie in the face. From a technical analysis perspective, a good case can be made for both the bulls and the bears. The main difference is what time frame you're discussing. Longer term, the stock market remains in a down trend, but in the short term, they can certainly push prices higher. We'l...

Turnaround Tuesday didn't disappoint.   From a daily chart perspective, it almost looks too obvious where they're headed. Maybe that's what the trick, trap, fool and frustrate crew want us to think. We'll find out more during Wednesday's market, but for now the technical analysis and the charts on a variety of different time frames are telling us lower prices are in the offing soone...

Big gap higher this morning, and it held. Is this a positive sign for the bulls or is this a fake out and part of the bigger down trend that many analysts believe is present? The bulls never give up the market that easy. From a technical and candlestick chart perspective, the market is in a downtrend, therefore until further notice, the current rally is a bear market bounce inside of a l...

The market was saved again. How many more times will the S&P500 stare straight down the black hole of technical analysis and be fought off by a pack of bulls? For now, they did it again and we should understand that while the trend is pointed down, we will still see large swings in all markets - in both directions. We look at all the markets that can be both leading and lagging indicators...

Markets are on edge. After yesterday's huge decline, traders and investors have the "deer in the head lights" look. The main question is... Will the market break and go a lot lower, or will they save it here causing a rip your face off rally. We'll see, but from a technical perspective and using the charts in the manner in which we do, we can take the market in stages and be ready for almost...

Stocks were shown the door today, the trap door as they fell deeper and deeper into the black hole of China tariffs, bond market rally, falling yields, European banks faltering, Iran tensions - just to name a few. Now, bad news is bad news as opposed to about a month ago when bad news was good news. This is precisely how markets work and is of the gargen variety flavor. In tonight's eposide of com...

No surprises is you were here for the most recent episode of common sense market analysis. Today's market got very excited with the prosepcts that President Trump decided to alter the tariffs being impossed on China.   Sounds great from a news cycle perspective, and certainly gave cover to the rally.   We look at the charts, use technical analysis and common sense only. We...

Is today's market the one? Is this the correction everyone has been looking for? Markets were down from the start and stayed down. What will happen tomorrow? Will the trick trap fool and frustrate crew be out in full force to rally markets and leave the bears at the alter again? In tonight's episode, we'll take a look at a variety of charts from a technical perspective and try and d...

What a monumental short squeeze again today. Just last night we discussed being up where the market was half way through the day.  The markets job is to make as many investors and day traders look like fools as much of the time as possible. There was short covering, buying, more short covering and then more buying. In tonight's episode of common sense market analysis we'll put a number on whe...

Large swings in both directions is the theme of the market these days. This is common and normal garden, variety market behavior when we get into these corrective phases. We'll see rallies that last for a couple of weeks, followed by another decline that takes it all way in a couple of days. We look at the charts from a technical perspective and leave the fundamental stuff for otheres to fight ove...

Some traders call it a dead cat bounce, others call it a snap back. The bulls would like to believe the lows are in and it's off to new highs we go. There won't be any new highs anytime soon, but there could be more rally in the northern direction before another leg lower emerges. In tonight's episode, we'll review the major markets such as the S&P500, the IWM which represents the Russell...

Taken out behind the wood shed is an understatement for today's stock market. In this episode of common sense market analysis we'll review what happened, the surrounding markets from a technical and chart perspective and where we're likely headed next. The bond market continues to rise higher pushing yields lower. Stocks are falling and all of a sudden, bad news is bad news again... We'll loo...

Complete change in character for the market. All of a sudden it went from nothing is wrong and price will continue higher forever to, the Fed, China and tweets are responsible for the decline and now what do we do? The stock market's jog is to make as many traders and investors as possible look like fools as much of the time as it can. We view markets from a technical analysis perspective usi...

Intra-day reversal with a close below yesterday's low. That's good for the bears, not for the bulls.  We saw institutional distribution across markets today. From a technical analysis perspective, there was some damage done on the charts with today's flush out... We'll look at a variety of charts and markets to gain the deepest insight as to where markets will go next. We provide co...

The market woke up after the Fed interest rate announcement today. Was it just an excuse to sell or is there more to come. This is obviously one of the topics we'll cover in tonight's episode of common sense market analysis. We'll look at a variety of charts from a technical analysis perspective. We'll look at divergences, leading indicators and everything else that can give us a clue of...

After a gap down right out of the gate, markets recovered very quickly back to the top end of the range cited for InsideTheNumbers members before the opening bell. Wednesday will be important since we hear from the FOMC on their interest rate announcement and subsequent statement. It's all really just a bunch of nonsense, but if everyone's paying attention, then everyone's paying attention. I...

The stock market is in an all too familiar place - We're waiting on the Fed once again. Market participants are waiting to see if the Fed will cut interest rates 25 or 50 basis points, or in English, a quarter or half a point. It remains strange that we're all so focused on an interest rate cut while stock prices are at all time highs. There must be an explination for it, and we'll wait...

Very early today the market reversed on a dime after the ECB made their non announcement of their interest rate announcement. On it's face, it was a sell the news event. Next week we have the Federal Reserve (FOMC) announcement which will be met with a lot of fan fair. From a chart and technical perspective, the market remains in an uptrend. Should traders and investors be worried about the n...

The melt up continues as markets head higher right into the ECB announcement Thursday morning. Will this be a sell the news event, or will markets accelerate in the northern direction. From a chart and technical analysis perspective, there is nothing bearish on the chart of the SPY or otherwise. Price remains above all the moving averages in it's uptrend. Hosted on Acast. See acast.com/privac...

Why markets ripped higher is another mystery that can be solved in the charts. In tonight's episode of common sense market analysis, we'll take a look from the big picture, look at smaller time frame charts and then take a deep dive into other markets to get a complete understanding from a technical perspective what the next likely move will be. We discuss price for both the bull case as well as t...

After an ugly candle on Friday, markets settled back down today and floated higher. Traders who are in tune with the important numbers will also understand that from a technical perspective, and a daily chart, nothing is wrong with the bull case for the market. However, there's always a story within the story. Ther are some charts that point in the southern direction for price. Seve...

Did markets give the sign of trouble? It was the feared gap and crap finishing on the lows of the day. That's never a good sign for markets, but we always have to be aware of the trick trap fool and frustrate crew. There were divergences on various charts in some of the markets we cover, namely the Trasports and the Semiconductors.   While markets remain in an uptrend, we always have to...

They filled the gap and took off. Will it last or was it a fake rally from the trick, trap, fool and frustrate crew? Today's market had better volume than the previous down days which is a positive and bullish sign.   Microsoft ($MSFT) reported earnings after the closing bell, and the market liked what it saw, sent the stock higher which can't hurt the rest of the market. The daily...