It has been one heck of an October so far. 

The S&P 500 is still fighting to get back in positive territory on the month, while members of the Splash Zone are in the green and adding to the profits accumulated throughout the year. 

Check out Ryan's trading results so far in October:

mid-october results

This market has been tough and frustrating for so many traders, the best thing you can do for yourself and for your nerves, is to trade along side of someone who has seen and traded through nearly every kind of market environment that can be thrown at a trader. 

Managing the risk, increasing the profits and knowing the amount of capital to put to work in various stages of the market has been the key to successfully trading a difficult market. 

But trading with Ryan Mallory in his chat room and receiving all his trade alerts isn't the only benefit to trading in the SharePlanner Splash Zone, you will also become a member of the best community of traders out there where traders of all types come to each and every day to discuss analyze options strategies, market conditions and how they manage their trades. There's nothing else even close to being as good!

You can also check out all of Ryan's trades and past performance for all of 2014 and the years before by clicking here

With your membership to the SharePlanner Splash Zone you get a Free 7-Day Trial, and access to the Splash Zone Chat Room and email alerts and text alerts (international numbers too). 

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Pre-market update:

  • Asian markets traded 0.6% higher.
  • European markets are trading 0.6% lower.
  • US futures are trading flat ahead of the market open. 


Economic reports due out (all times are eastern):
New Home Sales (10)

Technical Outlook (SPX):

  • Despite a Wednesday's trading that cast doubt on the market rally as being nothing more than a dead-cat bounce, SPX managed yesterday to produce new highs on the current bounce. 
  • Ebola news creeped back into the market and has shown the potential to wipe out 10 handles on SPX within minutes - just on rumors. 
  • Despite being only limited to three people at the moment, unexpected news on the ebola front has the potential to rock the market negatively. 
  • Also with news of the doctor being found positive with ebola, the risk increases over the weekend for holding equities and the possibility of new cases coming about.
  • 50-day moving average in play today at 1966. If SPX pushes past this level, additional shorts squeezes should ensue. 
  • SPX nearing overbought territory in the short-term. No real concern at this point. 
  • Volume this week has been far less than what we have seen in previous weeks but still above average. 
  • SPX rallied beyond the 61.8% Fibonacci Retracement level. Fibs are no longer relevant to this rally. 
  • SPX 30 minute chart continues to show consecutive higher-highs and higher-lows, though the trend itself has flattened out some. 
  • VIX rallied 7.5% to 16.53.
  • This market is wild and erratic - if you are playing it with large position sizes, you going to find it very difficult to succeed. 
  • The market doesn't care about the economy nor earnings. That is not what is driving it. The market only cares about what the Fed is doing to keep equities propped up. 


My Trades:

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Join my trading room by signing up for a Free 7-Day Trial where you will be given access to the member chat room as well as receive all my swing-trade alerts via email and text (international too). If you'd like to see just how good my past performance has been, you can do so by clicking here

Here's tomorrow's swing-trading watch-list:

Long Las Vegas Sands (LVS)

lvs-1

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The market is all over the place - just think, last week SPX was on the cusp of possibly dipping below 1800's and into the 1700's. In fact, many thought that it would. 

But here we are now in the latter parts of October and SPX currently sits at 1954. That is a HUGE reversal and the monthly chart shows it with its insane hammer candle. 

I remain skeptical of this market and my exposure to this market shows it. Only 50% of my capital is at work and I won't hesitate to lessen that if the market suggests doing so. 

But when you look at the SharePlanner Reversal Indicator on both time frames, the outlook is promising and a reversal is clearly underway here, of which could easily last a few weeks to a couple of months. 

Here's the Daily SPRI:

SharePlanner Reversal Indicator Daily 10-23-14

Here's the Weekly SPRI:

SharePlanner Reversal Indicator Weekly 10-23-14

As you can see the bulls have control of this market. I don't put it past this market to change that mentality at any time here. But while the market is pushing higher and the SPRI is pushing higher, there is little reason to be net short this market at the moment. 

Pre-market update:

  • Asian markets traded 0.3% lower.
  • European markets are trading 0.5% higher.
  • US futures are trading 0.7% higher ahead of the market open. 


Economic reports due out (all times are eastern):
Jobless Claims (8:30), Chicago Fed National Activity Index (8:30), FHFA House Price Index (9), PMI Manufacturing Index Flash (9:45), Leading Indicators (10), EIA Natural Gas Report (10:30), Kansas City Fed Manufacturing Index (11)

Technical Outlook (SPX):

  • Very concerning rejection yesterday on SPX that occurred right at the Fibonacci 61.8% retracement level. 
  • Yesterday also formed a bearish piercing pattern. 
  • Most concerning though was how the market sold off of its highs and finished right at the lows of the day. 
  • This morning there is some strength in the pre-market, but should be viewed with some skepticism until it can break yesterday's highs of the day. 
  • This market is wild and erratic - if you are playing it with large position sizes, you going to find it very difficult to succeed. 
  • With yesterday's action I closed out some of my more volatile plays and kept the longs that performed well under difficult trading circumstances. 
  • SPX 5 minute chart has a well defined head and shoulders pattern that will likely be nullified at the open. 
  • SPX 30 minute chart yesterday was compromised when it failed to hold the trend-line off of the 10/15 lows.
  • VIX popped 11.2% to 17.87 yesterday. 
  • It would not surprise me one bit if we saw some consolidation in the current bounce. Holding the recent gains or only allowing for a minimal pullback is absolutely key here. 
  • The market doesn't care about the economy nor earnings. That is not what is driving it. The market only cares about what the Fed is doing to keep equities propped up. 


My Trades:

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Join me by signing up for a Free 7-Day Trial where you will be given access to the member chat room as well as receive all my swing-trade alerts via email and text (international too). If you'd like to see just how good my past performance has been, you can do so by clicking here

Here's tomorrow's swing-trading watch-list:

Short Hewlett-Packard (HPQ)

hpq

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The bears are trying to see if it is safe to come back out and play yet. 

They have been ripped to shreds since last Wednesday's bottom and have been no where to be found since then. However, despite the huge bounce, there hasn't been any significant repairs to the charts and the V-Shape bounce lingers an overdone dead cat bounce. 

With that said, I don't recommend getting heavily short here. If you want a starter position to counter some of the existing longs you have, then so be it, that's not a bad idea. But slowly dip your toes in the water here if your desire is to get short. 

As for me, I actually wouldn't mind seeing another downturn emerge here. The trade setups are amazing to the short side as you will see from the short setups below. 

Here's the short trade setups to watch:

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Pre-market update:

  • Asian markets traded 2.2% higher.
  • European markets are trading 0.3% higher.
  • US futures are trading flat ahead of the market open. 


Economic reports due out (all times are eastern):
MBA Purchase Applications (7), Consumer Price Index (8:30), EIA Petroleum Status Report (10:30)

Technical Outlook (SPX):

  • The biggest day of the bounce occurred yesterday where there was truly a massive squeeze of the shorts. 
  • In the process, SPX recaptured the 20 and 200 day moving averages
  • The bounce has represented a 61.8% retracement from the September highs. 
  • SPX managed to push through 1920 which I thought would be extremely difficult. 
  • Europe buying Italian bonds led to the massive rally. 
  • VIX dropped another 13.5% down to 16.07. Wednesday it was above 31 at one point. A huge shift. 
  • As the bounce continues to proceed higher and higher, it puts the odds of the bears re-claiming this market lower and lower. 
  • It would not surprise me one bit if we saw some consolidation in the current bounce. Holding the recent gains or only allowing for a minimal pullback is absolutely key here. 
  • Careful with trying to jump in front of this market to the short side. The market can bounce much higher than one would ever think possible. 
  • SPX 30 minute chart still shows consecutive higher-highs and higher-lows.  
  • The market doesn't care about the economy nor earnings. That is not what is driving it. The market only cares about what the Fed is doing to keep equities propped up. 


My Trades:

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Despite recent market weakness - members of the SharePlanner Splash Zone are still profiting in turbulent times. Join me by signing up for a Free 7-Day Trial where you will be given access to the member chat room as well as receive all my swing-trade alerts via email and text (international too). Join Today!

Here's tomorrow's swing-trading watch-list:

Long Achillion Pharmaceuticals (ACHN)

achn-1

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Pre-market update:

  • Asian markets traded 1.2% lower.
  • European markets are trading 1.2% higher.
  • US futures are trading 0.5% higher ahead of the market open. 


Economic reports due out (all times are eastern):
ICSC Goldman Store Sales (7:45), Redbook (8:55), Existing Home Sales (10)

Technical Outlook (SPX):

  • The current bounce is playing out in textbook fashion. Typical market bounces string together multiple days of strong upward momentum. 
  • Today SPX challenges the 200-day moving average after closing just a shade above the 50-day moving average yesterday. 
  • VIX dropped 15.6% down to 18.57, which puts the VIX back below the 20 threshold. 
  • Getting price above 1898 yesterday was key for SPX which makes a push towards 1920 all the more likely. 
  • Careful with trying to jump in front of this market to the short side. The market can bounce much higher than one would ever think possible. 
  • News out of the European Central Bank bought Italian covered bonds causing SPX to spike 30 points off of the lows of the day.  
  • SPX 30 minute chart still shows consecutive higher-highs and higher-lows.  
  • The market doesn't care about the economy nor earnings. That is not what is driving it. The market only cares about what the Fed is doing to keep equities propped up. 


My Trades:

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