Technical Outlook (SPX):

  • A light sell-off  yesterday that still saw a strong big of volume overall. 
  • All the overnight gains have been quickly wiped out prior to today's open. 
  • Key support today exists at 2040. If this breaks a double top confirms on the daily and also on the 30 minute chart. 
  • So far 2040 has held when tested. 
  • VIX rose 2.3% yesterday to 15.80. 
  • SPX has been down 4 out of the last 5 weeks, yet surprisingly VIX is still below 16!
  • T2108 indicates that the selling may just now be getting started in this market as 44% of stocks still remain above their 40-day moving average. 
  • It has been over 20 years since we have not seen two straight days where the market finished higher. 
  • Plenty of uncertainty remains in the market short-term. Euro and oil are major players in the market's direction currently.
  • Oil remains extremely volatile and becoming more so each and every day. Very difficult to trade - as are the oil stocks. 
  • 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:


Chart for SPX:

SP 500 Market Analysis 3-27-15

Technical Outlook (SPX):

  • SPX had a huge sell-off yesterday taking it down 30 points and to the rising trend line off of the 2/2 lows.
  • 50-day, 20-day and 10-day moving averages were all broken with little contest yesterday. 
  • Volume on SPY was fairly strongly yesterday. 
  • VIX rose 13.4% to 15.44
  • T2108 indicates that the selling may just now be getting started in this market as 46% of stocks still remain above their 40-day moving average. 
  • It has been over 20 years since we have not seen two straight days where the market finished higher. 
  • Plenty of uncertainty remains in the market short-term. Euro and oil are major players in the market's direction currently.
  • Oil remains extremely volatile and becoming more so each and every day. Very difficult to trade - as are the oil stocks. 
  • 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:


Chart for SPX:

SP 500 Market Analysis 3-26-15

Technical Outlook (SPX):

  • SPX broke the down-up-down-up pattern yesterday by finishing lower two consecutive days. 
  • It has been over a month since the last time SPX finished higher two straight days. 
  • SPX lost the 5 day moving average yesterday. 
  • VIX rose a moderate 1.5% to 13.62. 
  • SPX 30 minute chart has a rising trend line off of the 3/13 lows that remains in tact, but had price action from yesterday's session close right on the trend line. That means the pattern needs an immediate bounce from it today. 
  • Also, on the same time frame, bears have an opportunity to create a lower-low on the chart by pushing price below 2085. 
  • Volume continues to come in very weak the last two days - less than half of what we had seen in SPY on previous days. 
  • The lack of day-to-day continuation to the upside, despite being only a couple of points from all-time highs help define just how choppy and unpredictable the market has been. 
  • Plenty of uncertainty remains in the market short-term. Euro and oil are major players in the market's direction currently.
  • Oil remains extremely volatile and becoming more so each and every day. Very difficult to trade - as are the oil stocks. 
  • 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:

Read more...

The bulls are showing very little desire to keep the down-up-down-up pattern of this market intact today, as the SPX is making new intraday lows as I write this post. 

I'm holding off on adding any new positions today as there is absolutely no edge in this market for trading to the long side. 

Sometimes the best thing you can do for yourself as a trader is to know when to standby and let the market work out its quirks until the conditions become more favorable to trade long. 

For now, keep this list of trade setups handy so that when the market does become bullish again, you are ready for it. 

Here's the bullish trade setups:

Read more...

Technical Outlook (SPX):

  • A day of consolidation for stocks led to a steady stream of afternoon selling that saw SPX finish in the red for the day. 
  • This marks the ninth straight day of a "down-up-down-up" trading pattern. Very difficult to trade, and represents a lack of conviction from the market as a result. 
  • SPX needs to establish a new higher-low in the market this morning and keep the uptrend on the 30 minute chart intact. 
  • VIX rose 3% to 13.41 yesterday. 
  • Ironically, T2108 keeps rising - this time up 2.9% to 59%. 
  • Seven straight red bars on SPX to close the day out. Very difficult to do on the 30 minute time frame, and should make it difficult to sustain any kind of selling at the open without a bounce of some kind first. 
  • Volume was pathetic on SPY yesterday. The lowest we've seen since the Christmas holidays. 
  • The lack of day-to-day continuation to the upside, despite being only a couple of points from all-time highs help define just how choppy and unpredictable the market has been. 
  • Plenty of uncertainty remains in the market short-term. Euro and oil are major players in the market's direction currently.
  • Oil remains extremely volatile and becoming more so each and every day. Very difficult to trade - as are the oil stocks. 
  • 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:

Read more...

The market is having a difficult  time here in March, but not so with the SharePlanner Splash Zone. So do yourself a favor and start profiting consistently in the stock market by signing up for the SharePlanner Splash Zone out that comes with a Free 7-Day Trial. With your membership, you will receive all of my swing-trade alerts via email and text (international too) as well as access to my world-class chat-room that I trade in each and every day. Click Here to Join!

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

Long Big Lots (BIG)

big-t01

Long Level 3 Communications (LVLT)

Read more...

Technical Outlook (SPX):

  • Huge day in the market on Friday, despite quadruple witching. 
  • Volume was very strong on Friday, and the last two up-days in SPX has seen above average volume levels, while the last two down-days have been below average.
  • Today will be a big opportunity for the market to finish higher two days in a row, something the market has not seen in over a month (2/17-2/18). 
  • The lack of day-to-day continuation to the upside, despite being only a couple of points from all-time highs help define just how choppy and unpredictable the market has been. 
  • Last 8 days have resulted in a down-up-down-up price pattern. 
  • VIX broke a rising uptrend off of the 7/3 lows on Friday when it dropped 7.5% to 13.02. 
  • T2108 (% of stocks trading above the 40-day moving average) looks very bullish again and making a push to resistance at around 67%. 
  • 30 minute chart of SPX is marked by a strong move higher with higher-highs and lower-lows. Very healthy. 
  • Plenty of uncertainty remains in the market short-term. Euro and oil are major players in the market's direction currently.
  • Oil remains extremely volatile and becoming more so each and every day. Very difficult to trade - as are the oil stocks. 
  • 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:

Read more...

The market is having a difficult  time here in March, but not so with the SharePlanner Splash Zone. So do yourself a favor and start profiting consistently in the stock market by signing up for the SharePlanner Splash Zone out that comes with a Free 7-Day Trial. With your membership, you will receive all of my swing-trade alerts via email and text (international too) as well as access to my world-class chat-room that I trade in each and every day. Click Here to Join!

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

Long Accenture (ACN)

01-acn

Long AerCap Holdings (AER)

Read more...

shutterstock 238541089

What's matters more as a trader: The need and desire to profit or the necessity of consistently managing the risk on each and every trade?

Most struggle mightily between the two and when all is said and done, will land on the side of doing everything they can to profit from the market.

Unfortunately this is the worst side of the question that one can fall on.

You see, when you focus solely on profiting in the market and making it your primary focus in trading, what you also end up doing is make capital preservation far less unimportant.

There is no 80% profit and 20% risk management approach or even a 50% profit and 50% risk management that is acceptable to one's trading. 

Because any successful trader will ultimately tell you that trading comes down to 100% Risk Management!

That is no doubt a hard pill to swallow because traders are not lured into trading stocks because of some intense passion for managing risk. Instead it is the desire for riches, wealth and everything in between.

Even with periods of calamity and blowing up their accounts, most traders will never realize that it isn't so much about one's desire to pick the right stocks as much as it is to manage the picks. And there's no shortage of charlatans out there standing in front of Lamborghinis, yachts, and beautiful women while living on their own private island to sell you on the falsehood that its all about making millions while conveniently forgetting about the risk.

What they should be teaching you, and it is the sole focus of my trading, is that if you manage the risk appropriately, the profits will always take care of themselves...ALWAYS!

I don't take big losses. If I lose on a trade, I take a loss on average of 1.7% against the position. That means the capital lost on the overall portfolio is only 0.17%, because I only trade a max of 10 positions with 10% position sizes. I know that I don't have to win every time, and I also know that when I do win, my profits are going to average out to at least twice that of what I risked on the trade.

You can see my past performance, simply by clicking here.

What I am trying to say, is that profiting in the stock market will never happen for you until you learn to not make that the focus of your trading. Your only responsibility as a trader is to manage the RISK. -

Nothing else.

Absolutely Nothing Else!

That means your focus of risk management is for new trades, old trades, losing trades, and yes PROFITABLE trades.

Everything boils down to Risk Management.

If you are struggling with your trading or looking to bring consistency to it, then consider trading with me in the SharePlanner Splash Zone by signing up for a Free 7-Day Trial. With your subscription you will get full access to all my trades in my trader's chat room, as well as receive alerts via email and text (international too). In the process, you will start managing the risk and start  profiting from the market as a result, by keeping losses small, and the winners big.

With The Splash Zone, you will get my low risk and high probability trade setups that no other trading service can offer.

subscribe

Start Your Free 7-Day Trial Today!

Read more...

SharePlanner Reversal Indicator is showing mixed signals which is the first signs that the bears have probably lost their chance at controlling this market.

On the Daily SPRI, you have the indicator flashing a bullish signal.

Here's the Daily SPRI:

Read more...

Page 1 of 463

<< Start < Prev 1 2 3 4 5 6 7 8 9 10 Next > End >>