Tom discusses the bullish action on Wednesday, highlighting the key and successful support zone test on the S&P 500. He then illustrates how he uses the powerful StockCharts.com scan engine against the EarningsBeats.com research platform to uncover great-looking trade candidates showing potential reversals. Tom wraps the show up with a few earnings highlights and the 3 You Must See.
Connect with Tom -
Website: https://www.earningsbeats.com/
Blog: https://schrts.co/bMCvuEbH
Tom describes the key support range for the S&P 500 and the consequences if it doesn't hold. Tom also discusses technology strength, or lack thereof, as our major indices search for a bottom. Sentiment has turned very bearish, providing short-term hopes, and Tom discusses our current level of b...
Tom discusses the recent downtrend in U.S. equities, pointing out what to look for in a possible reversal. Specifically, Tom highlights the absolute and relative weakness in semiconductors. Traders are growing very bearish and implications there are discussed during sentiment. After a brief lo...
Tom discusses the follow-through weakness after Friday's Fed-related massacre, noting that a key 50-day SMA test is now here. He demonstrates how you can use an exclusive StockCharts relative strength measure - SCTRs - to zero in on possible trading candidates. After discussing a few tips and t...
