Daily Trading Plans

Technical Outlook: Monster rally yesterday on extremely low volume which puts a lot of skepticism on its legitimacy.  Second biggest rally seen since the whole sell-off began.  SPX has to push above 1993 to break the current trading pattern of this market which has been a series of higher-lows and lower-highs over the past two

Technical Outlook: Another huge gap for the market of nearly 2% at the market open today - this time to the upside.  This marks the fifth straight day of a massive gap up/down for SPY.  It is the gaps that are really standing in the way of swing-traders right now. When you have an equal

Technical Outlook: Yesterday’s solid rally faded and closed just barely above break even on the day.  The candles of the past two days are opposite-facing dojis which just leads to indecision by this market.  Predicting the direction overnight of this market is nearly impossible, especially when the charts are not giving you anything to work

Technical Outlook: Markets are looking to bounce hard – this time up. The day-to-day consistencies of this market is making it a near impossibility for traders holding for extended periods.   A sell-off of 469 points yesterday, sees a 230 point gap up today, and really on no news of any real meaning.  This is

Technical Outlook: SPX looking at a massive gap lower this morning, in excess of 2% at around the 1920’s.  If the weakness holds today the dead-cat bounce that I have been mentioning this rally likely being, is over, and the downtrend has now resumed.  Resistance has taken hold at the Fibonacci 50% retracement

Technical Outlook: SPX looking at a massive gap lower this morning, in excess of 2% at around the 1920’s.  If the weakness holds today the dead-cat bounce that I have been mentioning this rally likely being, is over, and the downtrend has now resumed.  Resistance has taken hold at the Fibonacci 50% retracement

Technical Outlook: SPX has rallied three straight days and taken price all the way up to the 50% Fibonacci retracement level.  Volume has returned back to average levels on SPY, falling for a fourth consecutive day.   Considering the 50% retracement, and if this truly is just a dead cat bounce, the resumption

Technical Outlook: SPX gapped and ran hard yesterday back above 1972 resistance and is nearly 2000 again.  Late day antics saw SPX drop 40 points two hours prior to the close, only to rally back 40 points in the final hour - insanely volatile and not indicative of a healthy market.  At this point, I

Technical Outlook: One of the largest bounces the market has ever seen unfolded yesterday, sending SPX back above 1900 to 1940.  These dead cat bounces can easily last 2-3 days before the selling resumes.  Here is what you should be asking yourself - in six days, SPX drops 234 points non-stop - over 10%. Are

Technical Outlook: A disaster yesterday for the bulls as the SPX was trading 55 points higher at one point (nearly 3%), only to sell off in the afternoon, most notably in the final hour of trading to finish the day 25 points lower (-1.35%) The biggest achievement for the bulls would be if they could