Today's number is... 5%

The S&P 500 has now experienced a 5% correction.

Here’s the chart:

Let's break down what the chart shows:

• The blue line in the top panel...

A simple moving average is a lagging indicator that technicians use to help with the trend recognition process. It smooths out the erratic day-to-day action and shows us the mean price over a stated period.

This post was originally for paid members only. It has since been unlocked for informational purposes and does not constitute financial advice.

If you're not a...

The other day, I wrote about how the Consumer Discretionary Sector $XLY is testing a critical polarity level....

Today's number is... 5

The S&P 500 has experienced five consecutive days of moves exceeding +1% or -1%.

Here’s the chart:

Let's break down what the chart shows:

• The blue...

Today, we made a checklist of the most important charts in the market. 

We came up with about 20 key levels that, if broken, would suggest the end of the bull market.

Our list covers things from the major...

Abercrombie took the pipe, Foot Locker was predictably lousy. Where I'm looking now as we grind through Mall Store Earnings,

Some of the best trades I make are the ones I pass on entirely. So it was for $ANF which into earnings this...