Market Analysis

I'll admit, as a person who stands to profit greatly off of this market should it bounce nicely in the coming days and weeks, I am a bit exhausted by it and working off of very limited sleep. But it is more because of what we've been seeing this week, than previous weeks. It has

It has been an extremely tough couple of weeks for market bulls, and after the market failed to hold the rally off of a good employment number, the market longs were left to wonder whether we’d ever see a rally, in the near term, from this drastic market sell-off that is leaving a lot of

It was one of the hardest one-week stretches in the market for the bulls, but nonetheless, the market managed not to implode despite all the neanderthals in D.C. doing their best to accomplish otherwise. With that said, the SharePlanner Reversal Indicator took a bit of a dive this past week, reversing just before it hit

For those who are curious, the reversal indicator perfectly time last week’s market bounce and since then it has been on one incredible tear, with it already halfway back to the other side of the reversal reading. I certainly don’t think we’ll see the same kind of price move that we saw last week, but

There are two very eerily similar candle patterns that shows that the last five days of trading the last five days of trading, from 6/21 through 6/27, is nearly identical to the sell-off, bottom, and subsequent rally that was formed from 3/11 through 3/17. I came very close to selling my calls in SPY

We’re finally seeing signs for a potential market bounce setup to the upside. The last two weeks on the S&P weekly chart is showing that there is some strength leaking into the markets evident to the large upper shadows on the candles. And with us getting the first oversold extreme reversal signal since November ’10,

It was a hard week of trading this week, particularly for bulls, which saw their hopes for a bounce dashed time, and time again. Huge rally on Tuesday, was followed by a wash out on Wednesday, followed by bounces on Thursday and Friday, that ultimately resulted in nothing of significance. In the end, we have ended

No doubt we are oversold on just about every indicator imaginable, yet the S&P continues to press lower for the 4th straight day in a memorable fashion. I think we are at a point here where the bears, if they are too giddy about recent developments, could hang themselves by continuing to be too aggressive.

As noted last week we are still within the narrowing range on the reversal indicator, but even so, we are getting ever closer to an extreme in the market – and this time it would indicate a reversal to the upside. We might not get it next week, but there is a good chance we’ll

It’s another week where instead of answering questions, the market only creates more questions. For the third straight week, the market has put in another doji candle on the weekly charts, with a bearish tilt to them. Some may say this is a topping pattern to the rally that began back in March ’09. I’m