We've had an interesting day so far on the S&P 500, where the bears are attempting to put the market back down below 2100 and below key support on the 30 minute chart at 2104.

For the second time in three days the 5 day and 10 day moving average has been lost.

Overall none of this bodes well for the bulls, but we have seen somewhat of a bounce off of the lows that suggests the dip buyers are still in the game. So it is imperative to wait for a daily price confirmation where SPX closes below key support levels to suggest that the price action is starting to favor the bears. When that happens, the list below is really going to come in handy for you. 

Here's the bearish list of trade setups:

Read more...

Technical Outlook (SPX):

  • SPX broke out of a bull flag yesterday after a light volume coil for the past three days. 
  • The index also recaptured the 5 and 10-day moving average. 
  • New all-time closing highs for SPX yesterday. 
  • Nasdaq is now back above 5000 for the first time since March of 2000 - a fifteen year lapse to the month
  • Volume was stronger than the daily average seen last week. 
  • VIX dropped 2.3% down to 13.04. 
  • T2108 (% of stocks trading above the 40-day moving average) has remained flat over the last month at 64%. 
  • Head and shoulders pattern that was forming yesterday on the 30 minute chart was nullified with the afternoon rally that we saw. 
  • On the same time frame, SPX appears to be coming out of a nice base now. 
  • 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...

It was a good month of swing-trading for the month of February! Do yourself a favor and experience the profits that the next ten months of the year has in store for you by trying out the SharePlanner Splash Zone out for Free with my 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 top-notch chat-room that I trade in each and every day. Click Here to Join!

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

Long American Int'l Group (AIG)

aig

Read more...

Here's this week's Bullish List of trade setups that you should be following for swing-trading purposes: 

Read more...

Technical Outlook (SPX):

  • On Friday, SPX saw its biggest sell-off since Friday, 2/6/15, while closing below its 10-day moving average for the first time since 2/3/15. 
  • For now, the uptrend of SPX is not jeopardizing, but the bulls need to pull it together here real soon, or the bears may become inspired yet again. Currently SPX is down 3 of the last 4 trading session and 5 out of the last 7. 
  • A push below 2085 would be a significant problem for the bulls moving forward, would represent a break in key support and a lower-low for SPX. 
  • Volume, while still below average, picked up significantly on Friday from what we saw the previous four trading sessions. 
  • Some support on the daily chart at 2000 that could represent a bounce area opportunity for the market. 
  • Head and shoulders pattern on SPX 30 minute chart today could confirm on a move below 2102. 
  • Even with Friday's sell-off, VIX dropped 4.1% to 13.34. 
  • Oil is continuing the trend lower and could be a problem for the SPX in terms of advancing higher. 
  • 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...

It was a good month of swing-trading for the month of February! Do yourself a favor and experience the profits that the next ten months of the year has in store for you by trying out the SharePlanner Splash Zone out for Free with my 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 top-notch chat-room that I trade in each and every day. Click Here to Join!

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

Long Applied Materials (AMAT)

Long XL Group (XL)

Read more...

Technical Outlook (SPX):

  • Another near-problematic trading session for the bulls that saw the bulls close below the 5-day moving average for the first time since 2/9/15. The 10-day moving average was tested and held strong - to perfection actually. 
  • For now, the uptrend of SPX is not jeopardizing, but the bulls need to pull it together here real soon, or the bears may become reinspired. Currently SPX is down 3 of the last 4 trading session and 5 out of the last 7. 
  • SPX 30 minute chart was saved in the final hour from confirming a near head and shoulders pattern. The pattern has not yet been nullified and is still in play for today. 
  • 2102 on the 30 minute chart would confirm the H&S pattern. 
  • Vix finished 0.5% higher to close at 13.91. 
  • Oil is continuing the trend lower and could be a problem for the SPX in terms of advancing higher. 
  • SPX very close to the upper band but has yet to formally test it - today it is at 2128. 
  • Volume remains very light of late. 
  • The current trend-line for the SPX shows that the trend itself is maturing and not giving us the big pops that we saw early on in the rally. 
  • SPX is continuing with the theme of slight weakness at the market open, followed by selling thereafter, and a bottom in the first hour of trading that results in a rally off the lows. 
  • Oil broke to the downside and out of the recent range. Be careful about any long positions connected to oil. 
  • A pullback on SPX would not be able to drop below 2065 level without threatening key price support and the integrity of the current uptrend. 
  • Russell breakout out perfectly above the box range it has been in for over a year now. 
  • 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...

I am close to wrapping up a solid month of trading in February! Do yourself a favor and see what the rest of the year has to offer by trying out the SharePlanner Splash Zone out for Free with my 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 top-notch chat-room that I trade in each and every day. Click Here to Join!

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

Long TD Ameritrade Holding (AMTD)

amtd

Read more...

In today's Google Hangout I cover the following indices: SPX, Nasdaq, and Russell

These are the stocks that I cover: USO, GLD, SPXU, V, T, CMCSA, ABX, AMTD, BKD, AAPL, CAG, CCL, CTL, GG, PPL

Here's today's Google Hangout: 

Read more...

apple-logo

Apple has pulled back for the past couple of days and early on it was looking to do the same again. 

Some traders/investors were already drumming up that Apple (AAPL) would see a correction here. However, after it shook the morning rust off, it put in quite a hammer off the rising trend-line that started back near the January lows. 

With that said, the dip-buyers are making a case today that it is only a matter of time before AAPL is establishing once again new all-time highs. 

Here's how the chart is setting up right now: 

Read more...

Page 1 of 459

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