Daily Trading Plans

Technical Outlook: Hard sell-off to close out 2015 on Friday, that saw selling rapidly increase in the afternoon, and most noticeably in the final 30 minutes of trading. For the year SPX closed 1% lower for 2015.  The selling looks to continue into the open today as futures are currently down 36 points on SPX

Technical Outlook: SPY gave up much of Tuesday’s gains yesterday.  It also slipped back into the gap from the day prior.  A close below 2059, would effectively put SPX in the red for 2015.  If SPX closes below 2050, it would mark the first time in 12 years where SPX finished red during the

Technical Outlook: Nice, strong move by SPX yesterday that took the index well outside and above the triangle pattern it was previously trading in. A higher-high was formed finally, for the first time since early November, by breaking 2076 and closing above it. Volume increased yesterday, but was well below average, as was expected during

Technical Outlook: SPX faced a strong sell-off in the early going yesterday, but the dip buyers stepped in strong and rallied the market by recovering 75% of its losses on the day.  Oil showing strength in the pre-market – a break of last week’s highs would create a short-term inverse head and shoulders confirmation.  Strong

Technical Outlook: Heavy pullback in a shortened trading session on Thursday put the market back in the red to close the day.  With the move, SPX lost the 50-day and 200-day moving averages.  Morning weakness across the indices hinging mainly on the strong sell-off this AM in crude.  Key this week, with low volume

Technical Outlook: Strong day out of SPX breaking through the 20, 50, and 200-day moving averages.  Surprisingly, the volume has not dropped off day-to-day this week, as volume on SPY was equal to that of the day prior.  Declining resistance off of the December highs (short-term) will be tested today at 2064. It

Technical Outlook: SPX provided strong follow through yesterday, bouncing back and reclaiming the 5 and 10-day moving averages.  A test of 2076, the peak of the lower-high that was previously established could be challenged with a massive move today, but a more likely scenario would be 2061 that represents the convergence of the 50

Technical Outlook: With options expiration on Friday, SPX concluded a 71 point sell-off over the last two trading days, wiping out the market bounce from earlier in the week.  Divergence (bullish) over the past two days with the selling that was seen, as the VIX did not make new closing highs for December, despite

Technical Outlook: Yesterday’s sell-off raised eye brows, because even with the selling early on, it appeared as if SPX would rally out of the base it was forming at the lows of the day, but the last hour of trading in particular completely derailed those plans and completely changed the look and feel of this

Technical Outlook: The Fed yesterday came through on what was widely expected and that was a 1/4 point rate increase. The market subsequently rallied hard thereafter.  With yesterday’s monster rally, SPX managed to reclaim every major moving average including the 10, 20, 50 and 200-day moving average.  A lot of talk about the “Golden Cross”