technicaltrader

SolarEdge is a constituent stock of the TAN ETF, which has just confirmed the breakout from a double bottom formation as discussed here. The price action and relative strength in SEDG makes it the top

Yesterday's action in TAN, despite general market weakness, pushed price above the November high confirming a breakout from a double bottom formation. The relative strength in TAN vs the S&P 500 is

Whilst the burden of proof still firmly rests with the bulls, there are signs of improvement in European equity markets. The chart above shows Europe's 50 largest companies have managed to retrace back

The S&P 500 is currently sitting on an important support zone, the top of which managed to hold during yesterday's trading. The longer this level can hold and if price can move through the downtrend

Price action over the past week has seen a significant change in the medium-term outlook in both US and Emerging makets. In Europe, some indices are still lagging but I want here, to focus on EM. The chart

As discussed previously, it seemed to me that the strength seen from mid-month would be best left alone, given we have yet to see a significant basing pattern form, to give us enough confidence of a long-term

There are a number of charts in US equity markets that are suggesting a more positive outlook but one that catches my eye from a trading perspective is the Semiconductor Index. The chart above shows that

Price is currently testing the top of the upper boundary of a symmetrical triangle, that has been forming for close to two months, with bullish divergence at the lows. However, firstly, price is yet to

Weekly chart shows price remaining below the large, two and a half year consolidation that broke down mid-December. With the short term retrace now looking to have broken down, with a shooting star marking

The recent pullback in treasuries occurred at a fairly expected level where price met resistance an the top of the downtrend and at a zone of polarity. Whilst this daily chart hasn't confirmed the breakout

The ratio of the Dow Jones Utilities/SPX is approaching a key zone of support. If the ratio resumes the trend higher off the June '18 lows, this would be suggestive of a negative outlook for US equities

Defensive sectors in the US are once resuming/continuing their out-performance of the broader market. The above chart shows that the Utilities/S&P500 ratio is once again moving higher after bouncing

After spending almost the last two years consolidating in an inverted triangle with support tested 8 times along the way, price has finally broken down. This is occurring as the Semi's are rejecting the

With the move over the last few days confirming the break of the major pattern that has been in focus for a long time, price has now moved below the major trend line and confirmed that all support has

My original post on the breakdown in Germany's DAX can be found here. It's worth revisiting as price is now retesting the neckline of the head and shoulders topping pattern. These lines are not hard levels.

I had been bullish on this name but as markets have moved lower and provided us with more information, it's become apparent that the consolidation that BA moved out of to the upside has been a failed breakout.

There are a whole host of indicators and relationships that can be used to build a picture of underlying market strength or weakness. But right now, a few catch my eye for being at significant levels and

HCKT yesterday broke out of a tight trading range from late August, that saw it weather the market volatility quite nicely. An increase in volume on the break adds to the strength of the signal. The weekly

Whilst this one has been slow to get going, it is still looking like the precious metals are set to rally from here imo. Previously Silver had been looking to trace out an inverse H&S and whilst the

I wrote about FB a week back in this post and suggested if the current level gives way, I don't see meaningful support until the Nov '16 lows. It's currently flirting with the key level again, need to