Daily Trading Plans

Technical Outlook (SPX): Hard intra day sell-off yesterday that saw price stabilize off of the 20-day moving average and dip buyers jump in to rally off the lows and erase 1/2 the days gains.  Despite the market being down 8 out of the last 11 and 5 out of the last 6 days, SPX

Technical Outlook (SPX): SPX had an inside trading day after a squandering a perfect bull flag breakout the day prior.  Watch for a short-term break in support at 2102 on the 30 minute chart.  SPX 30 minute chart shows the potential for a double top to confirm today.  Volume picked up yesterday despite

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

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.

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

Technical Outlook (SPX): Despite some intraday struggles, SPX managed yet again to hold on to the 5-day moving average.  SPX very close to the upper band but has yet to formally test it – today it is at 2127.  Volume remains very light of late.  VIX rose 1.1% to 13.84.  T2108 (% of

Technical Outlook (SPX): SPX drifted higher yesterday, and saw early morning weakness get quickly bought up.  Following Friday’s breakout, we have a nice series of higher highs and higher lows on the 30 minute chart of SPX. Nasdaq has pushed higher for 10 straight days – a rarity by any measure, with the negative

Technical Outlook (SPX): Sixth straight day where SPX spent the majority of the day digging itself out of the hole, yet managing to finish near break even or higher.  Futures are pointing slightly higher for /ES which is a rarity these days.  Volume was off yesterday and well off of the previous day’s volume

Technical Outlook (SPX): Nice coil at the highs that saw SPX breakout on Friday and establish new highs.  2124 on SPX represents resistance at the upper channel band.  After an initial dip lower SPX 30 minute chart finished higher on every bar – a total of 12 in total and 25 points off the

Technical Outlook (SPX): SPX cooled off yesterday, albeit barely, finishing slightly lower for only the second time in six trading sessions.  5-day moving average continues to represent a short-term rising support level, that SPX has held Volume continues to be particularly weak across the board, especially with SPY.  However, we’ve seen this numerous times