• market futures

    Futures At Bed Time Not Looking So Hot

    Not a good look for the futures tonight. Granted there is a long night still ahead, and with that said, it could get far better….or far worse. There’s also about +5 points or so of fair value that isn’t cooked into futures, so that actually drags the indices at tomorrow’s open down even further. 

    By |Published On: February 22, 2016|0 min read|
  • oil-05

    USO Breaking The Downtrend

    I talked last week about the possibility of the oil ETF (USO) breaking the downtrend off of the November highs. And now it is. This is really monumental. Because this downtrend has been as stubborn as an ox for nearly four months now. Breaking it leads me to believe that there is a bigger move

    By |Published On: February 22, 2016|1 min read|
  • bull flag for the s and p 500

    SPX Offers Us a Nice Bull Flag

    Nice chart developing on the 30 minute SPX Despite weak oil trading, gold trading higher over the last two days and a minor rally in bonds, SPX is standing strong. Two weeks ago, this would be 20-30 points to the downside at least. 

    By |Published On: February 19, 2016|1 min read|
  • shareplanner reversal indicator 2-18-16

    SharePlanner Reversal Indicator: Looking Positive

    Last week I mentioned some concern over differing outlooks between the daily and weekly SharePlanner Reversal Indicators.  This week they are back in harmony with each other (you can get my Daily SPRI delivered to your inbox for free by signing up over there in the right column ===>>) and the daily had an early

    By |Published On: February 18, 2016|1 min read|
  • vix-update

    What To Watch For On The VIX

    It is worth updating you all on the VIX index. One of my beefs with this rally has been 1) The horrible volume on SPY. The volume levels are some of the worst we have seen so far this year and well below recent readings and averages and 2) The fact that VIX

    By |Published On: February 17, 2016|1 min read|
  • spy-downtrend

    Follow This Downtrend on SPY

    There is a downtrend on the $SPY this morning that so far seems to be holding strong on the daily.  Prior to today, it had been tested three previous times and held strong perfectly each time. Today it has done the same thing right at the open, and so far, SPY has not managed

    By |Published On: February 16, 2016|1 min read|
  • going cash

    Here is Why I am Going 100% Cash Over the Weekend

    I’ve made two trades today, and both of them were to cover my remaining shorts. One for a profit and the other for a loss. Overall the week and month of trading in the Splash Zone has been absolutely fantastic. But today, I’m not going to push any more positions into my portfolio.  Here’s why

    By |Published On: February 12, 2016|2 min read|
  • stock futures 2-11-16

    Futures at Bed Time

    Quick glimpse at the futures. Green for now, but anything can happen once the European markets open. Just imagine how chaotic this week would have been had China been open!

    By |Published On: February 11, 2016|0 min read|
  • t2108 february update

    T2108 Suggests There is More Room to the Downside

    Alright - it is time to post another update on the T2108 - what is it you ask? (in the case you haven't been following this blog for very long). It is the percentage of stocks trading above their 40-day moving average.  This is probably the single best predictor I know when it comes to

    By |Published On: February 11, 2016|1 min read|
  • spy-head and shoulders pattern

    SPY Going for the Head and Shoulders Pattern Again

    SPY again trying to confirm this monumental head and shoulders pattern.  And yes, if this pattern confirms, it does not bode well for the market going forward. Simply put, a close below 1820 on SPX or 182.00 on SPY means this pattern has confirmed. More importantly though will be tomorrow, and whether Friday's price action

    By |Published On: February 11, 2016|1 min read|