Not much has changed on the SharePlanner Reversal Indicator, but what it is doing is running in contradiction to the direction of the S&P 500 and other indices.
This is most prominently seen in the Daily SPRI chart:Read more...
Economic reports due out (all times are eastern): MBA Purchase Applications (7), Challenger Job-Cut Report (7:30), Treasury Refunding Announcement (8:30), Leading Indicators (10), EIA Petroleum Status Report (10:30), Treasury STRIPS (3)
My Opinions & Trades:
Fun day of Day-Trading for Oscar today in the SharePlanner Splash Zone with his bare minimum $25,000 portfolio netting another $202 for the day and is now up 2% already for the month.
On the swing-trading front, we are still building up our positions, after closing out our shorts on Friday for gains. So far we are up to 40% long exposure but still sitting on 60% cash, which we will deploy in the coming days.
For a look at Oscar's stellar day-trading results for October click here.
And here is your swing-trading watch-list for tomorrow:
Long USG Corp (USG):Read more...
It's not too often you use the words "Breakout" and "Microsoft" in the same sentence, but that is definitely what we are seeing here today.
Microsoft (MSFT) has a strong uptrend already in place and now breaking out above heavy resistance around the $36.50 area.
Here's the Microsoft technical analysis:Read more...
That's right the bearish watch-list for the week.
I'll be posting those setups that look the best throughout the week.
Despite the market still trading near its all-time highs, there are still plenty of short setups to take if the market conditions are right for it.
Here's the complete watch-list:Read more...
Economic reports due out (all times are eastern): ICSC-Goldman Store Sales (7:45), Redbook (8:55), ISM Non-Manufacturing Index (10)
My Opinions & Trades:
Solid day and start to the month of November so far from Oscar Martinez (@Fuinhaz) as he managed to dink and dunk his way through the stock market today and make about $310.70 on the day-trading portfolio. Remember he is showing you how he can profit consistently using a minimum sized $25,000 portfolio. Today alone he was up 1.24%.
If you are interested in trading with us starting tomorrow, then be sure to sign up to the SharePlanner Splash Zone for a free 7-day trial.
Now, on to the nightly swing-trading watch-list:
Long Nordstrom (JWN):Read more...
Most problematic for Facebook (FB) is the fact that it has broken the strong uptrend that started on the previous earnings report. Today confirms the bearish trend break in FB.
At this point I'd assume that a move to $46.50 is likely, where there is strong support, followed by a move perhaps to the $42's after that. Also watch support at the 50-day moving average and what it tries to do once it is tested.
Here's the FB technical analysis:Read more...
With little head wind facing the markets going forward, and a depressed bear community that completely whiffed on the opportunity to drive this market lower last week, my disposition is back towards the long side with this market.
Keep this list handy, review it and the charts associated with the stocks as much as possible and act on those trade setups that match your risk profile.
In day days ahead you can expect me to highlight a number of quality trade setups from the list below so stay tuned.
Here's this week's complete watch-list:Read more...
Folks - it was another outstanding month for the SharePlanner Splash Zone. For today I'll focus on the Swing-Trading results and come back at you with the October Day-Trading results that Oscar posted, tomorrow.
Yes - that was a bunch of nice trading both to the long and short side, and if you are tired of trading this market on your own, no matter what your experience level is, you can benefit with the trade setups and expertise I can give you each in every day in our exclusive SharePlanner Splash Zone which provides real-time text and email alerts for day-trading and swing-trading as well as a vibrant chat room where plenty of traders come to every day to share and discuss trading ideas and setups of their own.
So sign up today and get your FREE 7-day trial to the SharePlanner Splash Zone.
With The Splash Zone, you will get low risk and high probability trade setups that no other trading service can offer.