When patterns like this emerge on the intraday… Be Afraid! (Head & Shoulders Pattern)

SPY head and shoulders pattern

 

 

Quick Glance at the Market Heat Map and Industries

heat map

Notables:

  • Look at GE go!
  • Banks continue to be the main driver of this market for better or worse. 
  • Relative strength in Tech and Materials was much better than anywhere else. 

Be sure to check out my latest swing trades and overall past performance

SharePlanner Market Compass:

Stock-Market-Compass-Full-Uptrend

I need “change I can believe in” to move this compass

And of course…the RIDICULOUS!

but…but…the stock market is great…

obama unemployment more than all previous presidents combined

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