by Ryan Mallory

Oscar (aka Fuinhaz) is the head day-trader at SharePlanner and boy did he prove why today.

On a day in which the market headed decidedly lower, Fuinhaz managed to capture winner after winner. 

Most traders are bleeding through their nose by the surprise that the market gave them today, but with 5 winning trades and 3 losing trades Oscar had a solid day that saw even the losing trades kept at a minimum, and I mean bear minimum, while the winners were let out of their cage and ran until they ran out of steam for a nice gain. 

If you are interested in our real-time day-trade and swing-trade alerts for both Oscar's and mine, be sure to try us out at the SharePlanner Splash Zone for a free 7-day trial. 

Here's the details of exactly how Oscar traded the day. 

by Ryan Mallory

On Friday, I saw that DO was way outside of the upper Bollinger Band and based on past precedence, the last five times the stock had done that, it had led to near immediate sell-offs in the stock. Despite having only gotten in the stock the day prior, I decided to sell my position in Diamond Offshore Drillers (DO) for a quick 2.6% gain ($72.83 from $71.00). Despite being down 1.5% in the stock the day prior, that was a nice change in the winds for DO and one that I was glad to take considering how over extended the stock actually was. 

When I see such a precedent that has been set, I don't sit around waiting to see if it will happen for a sixth time, instead, I take the gains, and recommend you do the same, when you see past precedence establish such a clear verdict for price action outside of the upper Bollinger Band. 

Here's the chart showing you the clear signal.

by Ryan Mallory

So far 2013 has been anything but bearish.

The bulls have done nothing but push this market higher and higher. The fact that we started the year at 1426 and now we are more than 200 points higher on the S&P 500 so far is mind boggling. 

Despite the new milestones the market has reached this year, let's look at what the market has NOT done so far in 2013

1. The S&P 500 has not seen a pullback in excess of 4.0% (the biggest pullback so far has been -3.8%).

2. The Dow Jones Industrial Average has yet to see three consecutive days of selling. 

3. Five months in, and the Dow, S&P and Nasdaq have yet to see one month of negative returns. 

4. No more than 3 Tuesdays this year have ended in negative territory. 

5. Short-term Stochastics Indicator has yet to dip below "20" in 2013 on the S&P 500.