Natural Gas Is More Than Twice as Expensive In Five Months (May 24th, 2022)

 

Use Fibonacci Retracement to Gauge Huge Market Drops (May 20th, 2022)

After 5 1/2 months of market slide, investors are trying to find the bottom for this huge down leg.  Just like all past market drops, people always turn to Fibonacci Retracement for guidance.  Today, S&P 500 Index's daily low touched and overshot the 38.2% retracement level and bounded.  NASDAQ Index overshot the 50% retracement and closed in the 50% retracement area.   Since Fibonacci retracement levels traditionally serve as magnet for market bottoms, if prices don't hold in these areas respectively, it will be painful to count on the next Fibonacci level for support.    

S&P 500 Index daily chart  (May 20th, 2022)

NASDAQ Index daily chart  (May 20th, 2022)

Two Major Market Indices in Friday the 13th Afternoon (May 13th, 2022)

Today both the S&P 500 Index and NASDAQ Index closed the week with two consecutive up days.  While S&P 500 Index closed at 4023.89, up 93.81 points (+2.39%), NASDAQ Index closed at 11805, up 434.04 points (+3.82%).  

In our May 10th post, we drew the supports and resistances for the two indices.  Today, we revisit these price levels and see how these lines, which serve as guard rails, affected the price action.  Can these lows be the bottoms for the current down slide?  Time will tell.  It may not be a V-shaped bottom.  As for all major reversals, it is very possible for the indices to come again to retest these lows at least once before setting a trend to move higher. 

S&P 500 Index daily chart (May 13th, 2022)

NASDAQ Index daily chart (May 13th, 2022)

Understand Where We Are in a Bear Market (May 11th, 2022)

It has been awhile since we published our last posts on S&P 500 Index and NASDAQ Index.  While we all overwhelm by the continuous sizable market slides, today we take a peek at where things stand and where all these key supports and resistances are.  Whether the market goes up or down, it has to work through these price levels.

From a technical standpoint, the market is way oversold and a technical bounce is in order.  However, inflation and the War are still on the horizon.  These negative fundamentals will prevent the market from going higher.    

SPX daily chart (May 10th, 2022)

NASDAQ Index daily chart (May 10th, 2022)  

Natural Gas Producers are Shining Bright in a Down Market (May 4th, 2022)

Natural-gas drilling has rarely been so profitable.   US producers Antero Resources Corp (AR) and EQT Corp. (EQT) are few stocks that shine in a down market.

Antero Resources Corp (AR) daily chart  (May 3rd, 2022)

EQT Corp. (EQT) daily chart  (May 3rd, 2022)

                                                              * * * * * * * * * * *

Antero Resources Corp. (AR)  vs. EQT Corp. Comparison (AR)  (May 3rd, 2022)

Another Batch of Company Stocks that Suffer Huge Losses (May 2nd, 2022)

Here are some more stocks that are popular among investors.  All of these stocks suffer huge losses after four-month market melt-down.    All of these daily charts were taken after the market closed on May 2nd, 2022.

    COST daily chart (May 2nd, 2022)

  

    JPM daily chart (May 2nd, 2022)

    PYPL daily chart (May 2nd, 2022)

    SBUX daily chart (May 2nd, 2022)

    TGT daily chart (May 2nd, 2022)

For Natural Gas Price, Sky is the Limit (May 2nd, 2022)

 

The Sad Look of Some Well-Known Stocks (May 1st, 2022)

These stocks are popular among investors.   How many of us have a chance to take a look at their daily charts after four solid months of huge market price erosion.   Today, we take few well-known companies' daily charts to illustrate the damages that the market has done to these stocks.   It is still hard to predict the market's future when the investment environment is the least desirable for years or even decades.   There is one common characteristic among these charts: there are many overhead resistances and few supports.   In other words, it is much easier to go lower than to make some headway on the upside.    

    AMD daily chart (April 29th, 2022)

    AMZN daily chart (April 29th, 2022)

    FB daily chart (April 29th, 2022)

    MSFT daily chart (April 29th, 2022)

    NFLX daily chart (April 29th, 2022)

    NVDA daily chart (April 29th, 2022)

    TSLA daily chart (April 29th, 2022)

  

    TWTR daily chart (May 2nd, 2022)

NASDAQ's 382-Point Bounce From One Key Support (April 28th, 2022)

 

NASDAQ Index 5-Minute Chart Takes a Closer Look at Potential Bottom (April 25th, 2022)

 

NASDAQ Index is Officially in Bear Market Again (April 25th, 2022)

 

Wreckage of S&P 500 Index (SPX) After Two Days' Heavy Losses (April 23rd, 2022)

 

S&P 500 Index's Golden Cross Is Almost Here (April 19th, 2022)

 

Another Critical Juncture for NASDAQ Index (April 16th, 2022)

 

Natural Gas' Remarkable Price Surge (April 13th, 2022)

 

Stock Market Suffers Due to Rising Interest Rates (April 11th, 2022)

 

Advanced Micro Devices (AMD) Deserves a Closer Look (April 7th, 2022)

 

Does Strong Dollar Have Anything to Do With Multinationals' Bottom Line? (April 6th, 2022)

 

A Preview of Your Upcoming Heating Bills (April 4th, 2022)

 

NASDAQ Index Could Go Either Way From Here (April 1st, 2022)

 

S&P 500 Index (SPX) Suffers Temporary Setback (March 31st, 2022)

 

NASDAQ on Its March Forward (March 25th, 2022)

 

Microsoft (MSFT) is Working Higher (March 25th, 2022)

 

Tesla (TSLA) is on a Wild Ride! (March 24th, 2022)

 

Short Video "What is This Book All About?"

This video gives a brief summary of what this book is all about.  Visitors are encouraged to watch this video.  Among other things, it gives you an idea about the philosophy behind the author's charting style.  

Please click the picture below to watch this short video.  

 

Does Gasoline Price Catch Everyone's Attention? (March 23rd, 2022)

 

Impressive NASDAQ's 10.4% Surge (March 19th,2022)

 

S&P 500 Starts to Move Higher (March 19th, 2022)

 

Key S&P 500 Price Levels to Watch For (March 16th, 2022)

Today, the S&P 500 Index shows some signs to move higher.   However, it is still too early to tell whether it turns into an up trend.  Through these two charts, we try to show 1) the challenges that the Index faces and 2) the key price levels that we need to watch for. 

Intraday Chart Analysis Demo Video (March 15th, 2022)

 

Click on the image below to play the video...

 

Crude Oil Heads South For Now (March 14th, 2022)

 

Daily Chart Analysis Demo Video (March 14th, 2022)

 

     Click on the image below to play the video...

                            

The Market is Very Sick Indeed (March 13th, 2022)

Since our March 7th post, the indices stay pretty much the same.  However, do these sideway price movements and huge daily price moves affect the overall health of the market?  They do.  Every price move carries with it a different meaning to the overall market.