As I sit in my meager looking Bear Camp, a place that has looked more and more run-down over the past couple of years, I still get excited over possible cracks in the bull run that is now over 4 years old. After doing this long enough, one will give up grasping at straws
It isn’t looking to good over in Europe…   Quick Glance at the Market Heat Map and Industries Notables: Much improved Tech sector from yesterday. Though Apple gave up the entire day’s impressive gains. Basic Materials was red all around as was industrial goods. Healthcare and Consumer Goods was almost flawless.  Be sure
Daily Reversal Indicator shows the market may be ready to launch higher Since I have begun alternating the daily and the weekly charts for the SharePlanner Reversal indicator, we’ve seen the daily go from a sell signal two weeks ago to where it is now setting up for a potential push higher with a new
Pre-market update (updated 9am eastern): European markets are trading 1.1% higher. Asian markets traded mixed and -0.1% lower. US futures are trading moderately higher ahead of the opening bell. Economic reports due out (all times are eastern): ICSC-Goldman Store Sales (7:45am), Redbook (8:55am), Factory Orders (10am) Technical Outlook (SPX): Despite breaking above consolidation in
Taking a late-night look at S&P 500 futures. This market has been going through violent swings, bouncing hard against a range that appears like a shakeout before a big move. Since starting to look at futures, I’ve been looking harder at candle setups and moving averages. And I notice two things in the latest
Don’t marry stocks…   Quick Glance at the Market Heat Map and Industries Notables: Big Oil held up well Healthcare stayed steady. Apple dragged down the tech sector and banks were very cold. Be sure to check out my latest swing trades and overall past performance
Reversal Indicator shows a much more conservative uptrend forming going forward Despite the rapid expansion in the markets in recent months, the SharePlanner Reversal Indicator is starting to hint that market conditions going forward should drop off quite a bit. That doesn’t mean you should sell the farm at this juncture, but ot temper
The Fed and Inflation Explained…   Quick Glance at the Market Heat Map and Industries Notables: Not much good to be found across the sectors today. The strongest sector was the services. Weakest by far was the Basic Materials.  Be sure to check out my latest swing trades and overall past performance
I have lived in Florida all my life, and never heard of Florida Gulf Coast University   Quick Glance at the Market Heat Map and Industries Notables: Stocks outside of the S&P 500 did not look this good. Tech still continues to lag and don’t show nearly the amount of bullishness as the Dow
The typical look on the face of a trader after each quarter…   Quick Glance at the Market Heat Map and Industries Notables: Nothing, absolutely nothing in the financials managed to find green pestures. Industrials were a disaster. I doubt traders expected Yahoo (YHOO) to be the stand-alone green spot in Tech. Be sure