Market Analysis

If you recall last week, I was really struggling to get a handle on a legitimate interpretation on the SharePlanner Reversal Indicator and trying to reconcile the daily and weekly chart.  However, this week provides us with a much clearer picture, and based on what we are seeing the two time periods are finally starting

Pre-market update: Asian markets traded 0.5% higher. European markets are trading flat.  US futures are trading 0.2% higher ahead of the market open.  Economic reports due out (all times are eastern): International Trade (8:30), Jobless Claims (8:30), PMI Manufacturing Index Flash (8:58), JOLTS, 10), EIA Natural Gas Report (10:30), Kansas City Fed Manufacturing Index (11) Technical

Some interesting changes taking place on the SharePlanner Reversal Indicator. First, you have the daily getting a little overheated. Not to the extremes yet that we are used to seeing reversals take place at, but still enough to keep a close eye on it.    The weekly has also changed on us with an in-route

Netflix proves there is always something left in the gas tank…   SharePlanner Market Compass: Too much for this rally to handle… I suspect we need at least a 10 point pullback.  Quick Glance at the Market Heat Map and Industries  Notables: A lot more weakness than the market led us to believe today.  Lots of

Oh No!!! That Shutodown was quite the drag on the markets…   SharePlanner Market Compass: I don’t even need to explain myself here.  Quick Glance at the Market Heat Map and Industries  Notables: Financials calmed down some, mainly because of GS, but were still solid overall.  Tech Bigs struggled.  Utilities and Consumer Goods rocked.  Be

IBM gets hammered after hours…   SharePlanner Market Compass: Told ‘ya the uptrend remained intact. Quick Glance at the Market Heat Map and Industries  Notables: Financials were en fuego! Tech not as strong as I would’ve liked. Nor was materials.  Healthcare had some power to its punch today.  Be sure to check out my latest swing

A look at how spending is still out of hand in one area – a war that is suppose to be coming to a close: Afghanistan war…   SharePlanner Market Compass: Stay calm….uptrend still intact.  Quick Glance at the Market Heat Map and Industries  Notables: Utilities took a beating Banking was right behind them.  Technology had

Pre-market update: Asian markets traded 0.6% higher.  European markets are trading 0.8% higher.  US futures are trading flat ahead of the market open.  Economic reports due out (all times are eastern): ICSC-Goldman Store Sales (7:45), Empire State Manufacturing Survey (8:30), Redbook (8:55) Technical Outlook (SPX): Despite a significant gap down in the SPX and indices across

Another buy-the-dip kinda day…   SharePlanner Market Compass: Not seeing any reason why the uptrend should be doubted at t his point.  Quick Glance at the Market Heat Map and Industries  Notables: Utilities saw a flight out of this safety industry. A good sign for stocks.  Basic Materials showed moderate strength.  Telecon had problems.  Be sure

Pre-market update: Asian markets traded 1.4% higher.  European markets are trading 0.3% higher.  US futures are trading 0.1% lower ahead of the market open.  Economic reports due out (all times are eastern): Producer Price Index (8:30), Retail Sales (8:30), Consumer Sentiment (9:55), Business Inventories (10) Technical Outlook (SPX): Insane market bounce that was the biggest trading