S&P 500 / Nasdaq daily chart close with notes 2/15/19

The 30 day UPTREND is holding the key 61.8% Fib support.  A full retrace to 2900+ seems to be the most “pain trade” for the bears.  Stay long vs your stops, and dont pick tops.
spx 7 700x354 - S&P 500 / Nasdaq daily chart close with notes 2/15/19

 

How we get there and when…….who knows?   But, there are gaps above to fill, so stay long!.

nasdaq 1 700x354 - S&P 500 / Nasdaq daily chart close with notes 2/15/19

 

 

Learn how to trade stock charts with Fitzstock Charts.  We are trading Rules of Engagement based on market trend.  We scan for Historical Chart Pattern Comparisons using our Essentials to Trading Success. If you are looking for stock trading consultants to help you with your trading and investments, consider upgrading.  Trade stocks now with Fitzstock Charts.

https://fitzstock.com/

S&P 500 / Nasdaq daily chart close with notes 2/14/19

29 day uptrend that most traders missed.   Keep things simple, ……stay long vs your stop, and dont pick tops.   Possible consolidation to retest 2700, but high odds that gets bought with 4 hands!

spx 6 700x354 - S&P 500 / Nasdaq daily chart close with notes 2/14/19

The Nasdaq is still having issues with the 200sma.  Could possibly test 7300, before HIGHER!

 

naz 5 700x354 - S&P 500 / Nasdaq daily chart close with notes 2/14/19

Fitzstock Charts Premium Service is educating traders around the world on Rules of Engagement based on market trend.

How to read stock charts

How to read stock charts?

stock chart 700x467 - How to read stock charts

Whether you are a beginner or veteran trader you need to keep things simple while reading the charts.  There are hundreds of different indicators and market timing devices.

Here are some of the top trading tools

-Moving averages

-Stochastics

-Bollinger Bands

- McClellan Oscl.

-Ichimoku

-Money flow

-Pivot points

-VWAP

-Volume

-Candlestick patterns

-Elliot wave

-Fibonacci

-NYMO

-Accum/Distr

-RSI

-Money Flow

 

And hundreds more!

 

We keep things simple by trading Rules of Engagement (ROE) based on market trend.  Most of you are looking at candle charts, while I focus on bar charts.  It is easier for me to see opening prices and close prices using simple daily bar charts.  Many of you use weighted moving average for your moving averages.  I use “simple” moving averages to keep thing simple.  Moving averages are a tool most active traders use to measure momentum. The primary difference between a simple moving average, weighted moving average, and exponential moving average is the formula used to create the average.  For a simple moving average, the formula is the sum of the data points over a given period divided by the number of periods. Weighted moving average assigns a heavier weighting to more current data points since they are more relevant than data points in the distant past. The weighted moving average is calculated by multiplying the given price by its associated weighting and totaling the values.  Also, many use Exponential moving averages to read the charts.  Exponential moving averages are also weighted toward the most recent prices, but the rate of decrease between one price and its preceding price is not consistent.  I don’t like to get to caught up in all these definitions, but rather what works.  The simple moving average works best using ROE, with Historical Chart Pattern Comparisons (HCPC).   Our next simple way to read the charts is using a momentum indicator called Moving Average Convergence Divergence (MACD).   Quite simply this indicator needs to head in the same direction of price and the market trend, to engage in a new stock trade.  Many traders want to see a MACD bull cross, or “above the zero line”, but we keep things simple.  Lastly, we use price pattern which repeats itself over time with psychology and emotions of the stock market.   We scan thousands of charts  searching for price pattern repetition we call Historical Chart Pattern Comparisons (HCPC). Some of the price patterns we trade are WV/MA/head and shoulder, bull/bear flag , break of trendlines. We have over 900 stock options that have doubled using this simple trading methodology of ROE with HCPC.  You can use ROE on any time frame, as many active subscribers are  now using 5 -minute charts to day trade .  The most important thing with trading is risk management.  Always define your risk before every trade.  Fitzstock Charts identifies the trend, scans the charts searching for pattern repetitions, and then implements ROE using calculated entries with defined risk. All  new  trade setups are listed on our daily Engagement Spreadsheet Focus List (ESFL). Trading is NOT easy, but we have a clear cut trading edge using Rules of Engagement.

 

I have listed below where our latest 27+ day UPTREND started

2019 700x345 - How to read stock charts

and here are the top performing trades in 2019 using ROE with HCPC

2019 TOP TRADES 564x700 - How to read stock charts

If you are under performing the stock market with your trades and investments, it is never too late to upgrade.

I look forward to helping you reach all you trading and investment goals.

David Patrick

Fitzstock Charts, LLC

www.fitzstock.com

S&P 500 / Nasdaq daily chart close with notes 2/12/19

 

The 26+ day UPTREND showed Price Strength Confirmation today.  I said the whole way up….”stay long vs your stops and be patient”.   Today you got paid FAT!.  Our next projected price potential is 2800

SPX 4 700x345 - S&P 500 / Nasdaq daily chart close with notes 2/12/19

The Nasdaq is in a 26+ day UPTREND also and  paying FAT!  Some unfilled gaps are up at 7700 and could be the next magnet for PRICE.  Stay long vs your stops.

 

NAZ 1 700x345 - S&P 500 / Nasdaq daily chart close with notes 2/12/19

Fitzstock Charts Premium Service is educating traders around the world on Rules of Engagement based on market trend.

 

S&P 500 / Nasdaq daily chart close with notes 2/11/19

The SPX is stalling exactly where it should, after going straight up. This is where average traders lose money, becoming impatient. Let things re-set up, while the market finds the leaders for the next leg higher. This could take a week.

SPX 3 700x345 - S&P 500 / Nasdaq daily chart close with notes 2/11/19

MACD is now consolidating with price, just below the 200sma. This will probably take many days of churning before somebody wins.

nasdaq 700x345 - S&P 500 / Nasdaq daily chart close with notes 2/11/19

 

Fitzstock Charts Premium Service is educating traders around the world on Rules of Engagement based on market trend.

 

Are you confused on what stocks to buy now?

Are you confused on what stocks to buy now?

There are over 3,300 different companies listed on the NASDAQ (National Association of Securities Dealers Automated Quotations), with over 1.8 billion trades per day. The NYSE (New York Stock Exchange) has over 2,800 companies listed with over 1.4 billion shares traded each day.  So, it can be very difficult trying to choose the right ones to trade or invest.  With so many different stocks and advisory services, it is easy to become frustrated.

nasdaq - Are you confused on what stocks to buy now?

My advice?

Stick to what pays you the most, which is PRICE.  There are millions of opinions out there with thousands of different market indicators.  However, price patterns on daily charts tell you everything you need to know.

How is Fitzstock Charts different?

With over 20 years trading experience, I have seen almost everything in the stock market.  In addition, I have made all the mistakes in the book early in my trading career.  You can bat > .900 and still lose everything, if you have poor risk management skills.  First, it is imperative to identify your unique risk profile and  corresponding trading time horizon.  Then you can implement a trading methodology that meets your needs.  I have developed Fitzstock Charts to help educate traders around the world using Rules of Engagement based on market trend.  I scan thousands of charts every week searching for price pattern repetition.  We use this Historical Chart Pattern Comparisons (HCPC) to capitalize on price momentum and trend.  Everyday I am researching price patterns and scanning charts looking for relative strength.  When I see stocks showing price pattern repetition, I then confirm with the higher time frames and use Fibonacci retracements and extensions.   We use retracements for support levels and extensions for price projection.

Choosing the right stocks to buy is essential to trading success.   Identifying relative strength, price pattern, and projected  price potential are just the first steps.   You will need to define your risk before every trade and allocate the proper long market exposure with your risk tolerance.  We keep things simple with an Engagement Spreadsheet Focus List (ESFL) for all your trade setups.  This trading tool provides you with a calculated entry price and defined risk.  In addition, we use a scaling method to reduce exposure and then ride our winning trades with runners. Scaling is reducing the initial size of your trade to book profits.  For example, if you bought 1000 shares of AAPL, you would scale to 500 shares after initial profits are achieved. Your "runner" is  the 500 remaining shares  you still own.  After we scale, we then hold the runner infinitely higher with an existing stop order to protect profits.  Lastly, when a stock shows Price Strength Confirmation after scaling, we will add to our winning trades.   We have over 900 stock options that have doubled in the last 5 years from our Focus List  using this simple trading methodology.

Trading is NOT easy, but we do have the odds stacked in our favor using  Rules of Engagement (ROE).

I have identified  some stocks below that have been carrying the NASDAQ higher, which will be key in the weeks to come.  All of these market leaders are showing relative strength with bull flag price patterns.

Current stock leaders

XLNX /BOX/CYBR/PANW

XLNX BOX CYBR PANW 700x345 - Are you confused on what stocks to buy now?

VMW/VEEV/TWLO/WDAY

VMW VEEV TWLO WDAY 700x345 - Are you confused on what stocks to buy now?

If you are under performing the stock market with your trades and investments it is never too late to upgrade.  I look forward to helping you meet all your trading and investing needs.

David Patrick

Fitzstock Chart, LLC

https://fitzstock.com/

 

 

 

S&P 500 / Nasdaq daily chart close with notes 2/8/19

The 25 day UPTREND is intact after holding the key 10sma support by the close.  Fridays lows are now important , as well as Tuesdays highs.  Stay  LONG vs your stops, as the market has done nothing wrong yet.

SPX 2 700x345 - S&P 500 / Nasdaq daily chart close with notes 2/8/19

Yup, the Nasdaq held the key 10sma support also.  We identified early in the day certain stocks showing relative strength.  Those stock told us everything about the intra-day turnaround.  We always are searching for relative strength to lead the market higher.   There is a group of 10 stocks that are still in breakout mode and could still ignite tech stocks further this week.

naz 4 700x345 - S&P 500 / Nasdaq daily chart close with notes 2/8/19

Fitzstock Charts Premium Service is educating traders around the world on Rules of Engagement based on market trend.

ES 5 min ROE

So, while our swing long positions are still running, with stops.  Aggressive traders are still trading 5 minute Rules of Engagement ( 5 min ROE ).  It is imperative that you scale profits and then raise your stop on these day trades.

2019 02 08 TOS CHARTS 700x426 - ES 5 min ROE