• SP 500 Market Analysis 4-6-15

    Today’s Trading Plan: Rocked By Jobs

    Technical Outlook: SPX looking at some weakness heading into the open today with the dismal job report that was issued on Friday when the market was closed.  SPX futures has managed to recapture nearly half of the losses heading into the open.  Short-term trend-line support off of the March lows is holding for SPX currently

    By |Published On: April 6, 2015|2 min read|
  • SP 500 Market Analysis 4-2-15

    Today’s Trading Plan: Seeking Direction

    Technical Outlook: SPX dropped yet again yesterday effectively wiping out all the gains from Monday's huge rally.  Nonetheless, a breakdown has yet to occur as 2040 is still holding and the bearish double top has yet to confirm.  The trading range continues to get even more narrow, with this week establishing a new lower-high and

    By |Published On: April 2, 2015|1 min read|
  • SP 500 Market Analysis 4-1-15

    Today’s Trading Plan: Monday’s Momentum Lost

    Technical Outlook: SPX going back and forth again with SPX losing most of the gains from Monday's rally and again showing plenty of overnight weakness. After selling off yesterday, it found support on the 5-day moving average that is likely going to be broken at the open today. SPX futures overnight was wild, with futures

    By |Published On: April 1, 2015|2 min read|
  • SP 500 Market Analysis 3-31-15

    Today’s Trading Plan: Back and Forth

    Technical Outlook: Massive rally yesterday where SPX walked away from the edge of the cliff and recaptured the previously broken trend-line. Managed to recapture all the moving averages including: the 5, 10, 20, and 50-day moving averages. Weakness and profit-taking ahead of the market open could signal more back-and-forth in SPX. Surprisingly, VIX was only

    By |Published On: March 31, 2015|1 min read|
  • SP 500 Market Analysis 3-27-15

    Today’s Trading Plan: Double Top Support

    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

    By |Published On: March 27, 2015|1 min read|
  • SP 500 Market Analysis 3-26-15

    Today’s Trading Plan: Starting to Get Ugly

    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

    By |Published On: March 26, 2015|1 min read|
  • SP 500 Market Analysis 3-25-15

    Today’s Trading Plan: SPX Uneasy

    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

    By |Published On: March 25, 2015|2 min read|
  • SP 500 Market Analysis 3-24-15

    Today’s Trading Plan: Down-Up-Down-Up

    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

    By |Published On: March 24, 2015|2 min read|
  • SP 500 Market Analysis 3-23-15

    Today’s Trading Plan: Can We Get Two Days in a Row

    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

    By |Published On: March 22, 2015|2 min read|
  • SP 500 Market Analysis 3-20-15

    Today’s Trading Plan: Attempting a Push Higher

    Technical Outlook (SPX): Quadruple witching is today which can add some abnormal price movements in the market. Despite yesterday’s sell-off, SPX still managed to hold most of the gains from post-FOMC. SPX closed right on the 20-day moving average. Unlike a lot of previous sell-offs, yesterday’s was light and the price action failed to

    By |Published On: March 20, 2015|1 min read|