Going over the current market and the S&P 500's relationship and tendency to reverse course to the downside when VIX goes sub 12. Also covered in this video is Nasdaq, Russell, Dow Jones, AAPL, FB, COST, NFLX, ATVI, USO, GLD, SLV. 

Here's today's video: 

Read more...

Technical Outlook:

  • SPX opened up weak  yesterday, but the dip buyers were quick to capture control of the market and allowed the indices to all finish in the green. 
  • The dip-buying from yesterday is a strong indicator that the bulls want to push the market higher in the short-term. 
  • Nasdaq is by far the best chart among the indices right now. Others are very much range bound, but the Nasdaq has established a higher-high and higher-low. If Apple (AAPL) can actually join this rally, which is a large % of the Nasdaq, the rally could really take off. 
  • The 30 minute chart of SPX looks very solid, but could form a much larger trend if it can break through 2130 and establish a higher-high. A higher-low has been made. 
  • VIX dropped 3% and back into the lower 12's. A push into the high 11's has been the reversal point for the market of late. Watch price action at this level for early clues. 
  • It becomes more likely that SPX is positioning itself for another test of all-time highs. 
  • Bears need to kill this rally, and the only way they can do that is by pushing the market back below Monday's lows and the 200-day MA. 
  • At this point, I'm concerning myself with only one resistance level overhead and that is the 2129-2134 price level. That appears to be the dominant resistance level plaguing this market from moving higher and out of the current range. 
  • Even with the sell-off of late, SPX still remains range bound and directionless, with the best opportunities (and only) coming from timing the tops and bottoms of each short-term reversal. \
  • My biggest ongoing concern with the market right now is the inability to establish new, clear-cut all-time highs that leads to an expansion of price as well. Instead SPX gets bogged down in the 2120-2130's range and reverses course each time. 


My Trades:


  • Added one new long position yesterday. 
  • Stopped out of AAPL at $121.93. 
  • 40% Long / 60% cash. 
  • Remain long: COST at 144.57, UPRO at 68.26, QLD at 77.84.
  • Will look to add 1-2 new positions today if the market continues to trend favorably. 
  • Join me each day for all my real-time trades and alerts in the SharePlanner Splash Zone

Chart for SPX:

SP 500 Market Analysis 7-31-15

July is wrapping up and it looks like yet another solid month of trading in the  SharePlanner Splash Zone. You can experience the same kind of successful trading by jumping into the Splash Zone out with a with a Free 7-Day Trial. With your membership, you will get each and every trade that I make with real-time text and email alerts (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 today's swing-trading watch-list:

Long Micron Technology (MU)

t-mu

Long Regions Financial (RF)

Read more...

Mixed signals in the SharePlanner Reversal Indicator for now.

On the Daily SPRI you have a downward turn that has taken place since the last reading was published. This isn't all that surprising considering the day-to-day movements play a much greater influence on the daily time frame. The reading, in fact, is already nearing extremes. When you have five straight days of selling, a reversal isn't at all surprising. 

Here is the Daily SPRI:

Read more...

Technical Outlook:

  • SPX has a solid day yesterday of follow through on the prior day's bounce action. 
  • FOMC Statement had only a minimal impact on the market yesterday. 
  • Rather unusual for FOMC days, was the average volume reading on all the indices. 
  • Facebook (FB) earnings is having a slight negative impact on the market in the premarket trading. 
  • With yesterday's bounce, it becomes more likely that SPX is positioning itself for another test of all-time highs. 
  • At this point, SPX has re-captured all of the significant moving averages and possibly adding a higher-low on the daily chart. Even better, on the Nasdaq, there is a higher-high and now a higher-low established. 
  • VIX tested that key support level, albeit briefly, yesterday. Key level where the reversals occur at. 
  • Bears need to kill this rally, and the only way they can do that is by pushing the market back below Monday's lows and the 200-day MA. 
  • Mild bounce on the T2108 (% of stocks trading above the 40-day moving average). Rising 17% to 33.6%. 
  • At this point, I'm concerning myself with only one resistance level overhead and that is the 2129-2134 price level. That appears to be the dominant resistance level plaguing this market from moving higher and out of the current range. 
  • Even with the sell-off of late, SPX still remains range bound and directionless, with the best opportunities (and only) coming from timing the tops and bottoms of each short-term reversal. \
  • My biggest ongoing concern with the market right now is the inability to establish new, clear-cut all-time highs that leads to an expansion of price as well. Instead SPX gets bogged down in the 2120-2130's range and reverses course each time. 


My Trades:


  • Did not add any new positions yesterday. 
  • Did not close out any long positions yesterday. 
  • 40% Long / 60% cash. 
  • Remain long: COST at 144.57, AAPL at 124.35, UPRO at 68.26, QLD at 77.84.
  • If the market shows a willingness to start moving higher again today, I'll add 1-2 new positions.
  • Join me each day for all my real-time trades and alerts in the SharePlanner Splash Zone

Chart for SPX:

SP 500 Market Analysis 7-30-15

With July well underway in the SharePlanner Splash Zone, it is shaping up to be another great month. You can experience the same kind of successful trading by jumping into the Splash Zone out with a with a Free 7-Day Trial. With your membership, you will get each and every trade that I make with real-time text and email alerts (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 today's swing-trading watch-list:

Long Salesforce.com (CRM)

crm

Long Abbott Laboratories (ABT)

Read more...

After completing the five day sell-off, traders are wanting to know when to get short again. 

My advice: Don't get ahead of the market - don't try and predict when it will turn lower again. 

Just let it do it on its own, and then it will be your job to react to the next sell-off, if it happens again here soon. 

The initial reaction following the FOMC statement has been a bit muted, so there isn't much to glean from there. 

Like I said, let the price action come to you, don't chase it, don't predict it, just follow it. 

Here's the list of bearish trade setups:

Read more...

Information received since the Federal Open Market Committee met in June indicates that economic activity has been expanding moderately in recent months. Growth in household spending has been moderate and the housing sector has shown additional improvement; however, business fixed investment and net exports stayed soft. The labor market continued to improve, with solid job gains and declining unemployment. On balance, a range of labor market indicators suggests that underutilization of labor resources has diminished since early this year. Inflation continued to run below the Committee's longer-run objective, partly reflecting earlier declines in energy prices and decreasing prices of non-energy imports. Market-based measures of inflation compensation remain low; survey‑based measures of longer-term inflation expectations have remained stable.

Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee expects that, with appropriate policy accommodation, economic activity will expand at a moderate pace, with labor market indicators continuing to move toward levels the Committee judges consistent with its dual mandate. The Committee continues to see the risks to the outlook for economic activity and the labor market as nearly balanced. Inflation is anticipated to remain near its recent low level in the near term, but the Committee expects inflation to rise gradually toward 2 percent over the medium term as the labor market improves further and the transitory effects of earlier declines in energy and import prices dissipate. The Committee continues to monitor inflation developments closely.

Read more...

Technical Outlook:

  • Strong bounce out of SPX yesterday after having testing and holding the 200-day moving average the day prior. 
  • SPX managed to reclaim the the 5 and 20-day moving averages
  • At this point, I'm concerning myself with only one resistance level overhead and that is the 2129-2134 price level. That appears to be the dominant resistance level plaguing this market from moving higher and out of the current range. 
  • VIX saw a sharp decline of 13.9% yesterday to finish at 13.44 which is remarkably low considering the fact SPX is just coming off of 5 days of straight selling. 
  • Solid volume reading yesterday and above average on SPY. 
  • The plan for the bears here is to take price back below Monday's lows and ultimately below the July lows. If it can do that, it will create a new wave of fear in this market. 
  • Today, there is a FOMC statement that comes out at 2pm. It is widely believed that they will reiterate their desire to increase rates this year. 
  • Regardless, of what they say, know that the FOMC Statement can bring about multiple reactions in opposite directions initially, and that the first move shouldn't be counted on to be the legitimate and ultimate direction the market takes in reaction to the FOMC. 
  • If Monday, marked a short-term bottom, then you have a higher-low being established, which would break the series of lower-lows the market has recently been making. 
  • Even with the sell-off of late, SPX still remains range bound and directionless, with the best opportunities (and only) coming from timing the tops and bottoms of each short-term reversal. \
  • T2108 (% of stocks trading above the 40-day moving average) still performing dismally, but shouldn't be a great surprise as when the market becomes as range bound as it has been of late, and kind of move lower in individual equities makes it easy to break the 40-day moving average in the process. 
  • My biggest ongoing concern with the market right now is the inability to establish new, clear-cut all-time highs that leads to an expansion of price as well. Instead SPX gets bogged down in the 2120-2130's range and reverses course each time. 


My Trades:

Read more...

With July well underway in the SharePlanner Splash Zone, it is shaping up to be another great month. You can experience the same kind of successful trading by jumping into the Splash Zone out with a with a Free 7-Day Trial. With your membership, you will get each and every trade that I make with real-time text and email alerts (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 today's swing-trading watch-list:

Long Whole Foods Market (WFM)

wfm

Long Telefonica (TEF)

Read more...

Page 1 of 488

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