Hello SpikeTraders,It was a pleasure seeing so many familiar names in the room at our Password class yesterday. The recording is currently being processed and will shortly appear in our Video Vault (on the Education tab). We’ll announce it. Free access for all, including Trial Members for one week.And now, let’s see what our charts tell us about today’s market fireworks…

Hello SpikeTraders,By the time this posts Alex will be teaching the next Password Class on Trader’s Housekeeping. We hope to see many of you live tonight. If you can’t make it a recording will be upload by early next week.The markets showed no ability to rally form oversold conditions today trading in choppy action and closing near the lows of the day again. A sign of a weak market is its inability to rally form oversold conditions. The February lows is looking like a magnet calling for a full and complete test of those lows. Let’s look at the charts…

Hello SpikeTraders,Markets failed to follow up on yesterday’s reversal from oversold conditions and closed near the lows of the day. The Dow Jones Industrials fell over 800 points. Too many negative catalysts are keeping any demand from forming and then supply re-enters the market. One of the signs of a weak market is the inability to rally from oversold conditions. Let’s look at the charts…

Hello SpikeTraders,Markets gapped down, testing the February/March lows. They reversed and formed a V-1 trigger, closing near the highs of the day. The S&P had traded down as low as 4200 before reversing around mid-day and rallying in the afternoon to form the V-1 reversal bar. Let’s look at the charts…

Hello SpikeTraders,When somebody promises to punch you in the face, you shouldn’t be surprised when they show up in your yard to deliver – “Oh, I didn’t think you meant it.” Mr Powell of the Federal Reserve, in his fight against inflation, promised up to six interest rate hikes this year, up to half a point each – but when he showed up in the yard today to indicate that the next is coming in May, the market seemed surprised and ran down into its hiding hole, dropping stocks along the way.Let’s look at our charts…

Hello SpikeTraders,The rally, signaled by the Spike Bounce as well as V-triggers, continues to move higher. Let’s put our fingers on its pulse and see how strongly it beats…

Hello SpikeTraders,A reminder that the next Password class will be next Wednesday, April 27th, at 6:00 pm EDT. Please register for the class to receive the link that evening. Alex will be teaching the class on Trader’s Housekeeping.Markets closed higher, trending up most of the day and closing near the highs. Strong earnings reports were a positive catalyst despite warnings of a global economic slowdown. The positive earnings catalyst will be short-lived if a slowdown is in the cards down the road. Let’s look at the charts…

Hello SpikeTraders,Markets ended slightly lower after a choppy trading session as the markets get ready for busy earnings reporting over the next couple of weeks. Les s than 10% of S&P500 companies have reported earnings so far and about 3/4ths of those reports have beat estimates. Let’s look at the charts…

Hello SpikeTraders,Yesterday, Tuesday, was a truly odd day. It started with a rally and a Spike Bounce signal. Then it turned and ended with monthly NHNL below –300, and had the number stayed below that level today, Spike Bounce would have been aborted. But today normalcy seemed to return. Let’s take a look at our charts…

Hello SpikeTraders,Markets stalled after the initial opening and closed near the lows of the day. Economic data showing a jump in inflation and The consumer price index rose 1.2% last month, the largest increase in over 16 years and almost assuring a 50 basis points interest rate hike from the Feds next month. Let’s look at the charts…