Daily Trading Plans

Technical Outlook: SPX pulled back on Friday for a second consecutive day, albeit barely.  Most impressive was the pullback to the 5-day moving average on SPX and SPY and the immediate bounce thereafter.  Volume was incredibly light on Friday, though higher than what we saw on Thursday, it was still below average readings.  SPX

Technical Outlook: SPX saw its first decline in a week, pulling back 0.5%.  The pullback was extremely weak in terms of momentum and willingness to want to move lower, which made me skeptical about whether there was a true desire by the market to make a much larger pullback.  The negative breadth in the

Technical Outlook: Third straight significant rally on SPX yesterday, and the first time since October 2011 that it has rallied over one percent on three consecutive days.  Pre-market the futures are up yet again, and could test key resistance at 1947 which, if broken, will create a higher-high for the market for the first

Technical Outlook: Strong day of follow through yesterday that saw SPX reclaim the 10 and 20-day moving averages.  Downtrend off of the 12/29/15 highs was broken yesterday.  Most concerning about the rally is the fact that the volume is non-existent. It was well below recent readings, and even less than yesterday’s low volume

Technical Outlook: Massive rally on Friday continued the afternoon bounce that was seen on Thursday and looks to continue on again today.  Friday’s bounce had the look and feel of a dead cat bounce to it, especially considering that the volume was insanely low on Friday and well below any of the readings that

Technical Outlook: SPX went all the way down to the 1810 level momentarily, and thereby breaking the critical 1812 level. However, immediately right after a WSJ headline came out that OPEC was willing to consider a production cut and that send futures skyrocketing off of their lows – 27 points in less than 20 minutes. 

Technical Outlook: Overnight futures are failing hard and fast. There is some pumping of USD/JPY currency pair that has lifted futures off the lows this morning, but still looking at a heavy downward move at the open. Oil sinking again, hard and fast, below $27, and could even see the $25’s at some point today.

Technical Outlook: Choppy trading session yesterday that saw the market gap lower but spend the rest of the day chopping around and ultimately recovering the day’s losses.  Futures have rallied strong overnight as European markets stage a strong rally.   Yellen’s testimony before congress is expected to weigh large on the markets prior to equities

Technical Outlook: Wild trading session that saw price drop over 50 points on SPX followed by a 30 point rally into the close that wiped out 60% of the day’s losses.  Despite propping up the market at day’s end, the market still is trending lower based on what the charts are showing. A test

Technical Outlook: Market dropped hard on Friday following the NFP/Employment numbers that were released.  Bear flag pattern confirmed on Friday and looking for a bigger move this week towards the 1812 level.  SPY volume was above average on Friday and higher than what was seen the day prior.  Another real possibility of happening this