• SP 500 Market Analysis 2-18-15

    Today’s Trading Plan: Steadily Trending

    Technical Outlook (SPX): Additional follow through yesterday on SPX that pushed price just below 2100 at the close.  Volume on SPY remains very light.  SPX 30 minute chart exhibits a very strong upward trending market that has yet to show any signs of breaking.  Despite the recent rallying over the past two weeks, the

    By |Published On: February 18, 2015|2 min read|
  • SP 500 Market Analysis 2-17-15

    Today’s Trading Plan: Bulls in Control

    Technical Outlook (SPX): Additional follow through on Friday that now has the market up 3 out of the past 4 trading sessions.  SPX is caught in a rising channel, that has very clear markings as seen in the chart below. A strong rally today, would likely see a struggle to get past 2118.  SPX

    By |Published On: February 17, 2015|2 min read|
  • SP 500 Market Analysis 2-13-15

    Today’s Trading Plan: New Highs In Sight

    Technical Outlook (SPX): Monster day for SPX yesterday as it managed to trade 1% higher and only 2 points below all-time closing highs.  I expect that an attempt at the all-time highs will be made today. Closing above it, while nice, isn’t absolutely necessary for today.  VIX dropped 9.6% down to 15.34 and

    By |Published On: February 13, 2015|1 min read|
  • SP 500 Market Analysis 2-12-15

    Today’s Trading Plan: Still Holding Its Own

    Technical Outlook (SPX): SPX didn’t see the follow through on Tuesday’s breakout. However, it did manage to hold key support without giving up hardly any ground.  Also held the 5-day moving average nicely bouncing off of it at the day’s lows.  The technicals are setting up very nicely for traders to the long side.

    By |Published On: February 12, 2015|2 min read|
  • SP 500 Market Analysis 2-11-15

    Today’s Trading Plan: A Hurdle Cleared

    Pre-market update: Asian markets traded 0.3% lower.. European markets are trading 0.4% lower. US futures are trading 0.2% lower ahead of the market open.  Economic reports due out (all times are eastern): MBA Purchase Applications (7), EIA Petroleum Status Report (10:30), Treasury Budget (2) Technical Outlook (SPX): Double bottom confirmed yesterday on the daily chart

    By |Published On: February 11, 2015|1 min read|
  • SP 500 Market Analysis 2-10-15

    Today’s Trading Plan: Greece Still Controlling The Market

    Pre-market update: Asian markets traded flat. European markets are trading 0.7% lower. US futures are trading 0.5% higher ahead of the market open.  Economic reports due out (all times are eastern): Redbook (8:55), JOLTS (10), Wholesale Trade (10) Technical Outlook (SPX): After recovering nicely and actually going green at one point yesterday, SPX managed

    By |Published On: February 10, 2015|1 min read|
  • SP 500 Market Analysis 2-9-15

    Today’s Trading Plan: Another Rejection

    Pre-market update: Asian markets traded 0.1% higher. European markets are trading -1.2% lower. US futures are trading 0.5% lower ahead of the market open.  Economic reports due out (all times are eastern): None Technical Outlook (SPX): A potential breakout on Friday resulted in another afternoon sell-off that saw price rejected at 2064 for a third

    By |Published On: February 9, 2015|1 min read|
  • SP 500 Market Analysis 2-6-15

    Today’s Trading Plan: Employment Driven

    Pre-market update: Asian markets traded 0.3% higher. European markets are trading 0.4% lower. US futures are trading 0.4% higher ahead of the market open.  Economic reports due out (all times are eastern): Employment Situation (8:30), Consumer Credit (3:00)  Technical Outlook (SPX): Key test for SPX today as it settled yesterday just below key resistance

    By |Published On: February 6, 2015|2 min read|
  • SP 500 Market Analysis 2-5-15

    Today’s Trading Plan: Dealing with Market Sensitivities

    Pre-market update: Asian markets traded 0.4% lower. European markets are trading 0.4% lower. US futures are trading 0.8% higher ahead of the market open.  Economic reports due out (all times are eastern): Challenger Job Cut Report (7:30), International Trade (8:30), Jobless Claims (8:30), Productivity and Costs (8:30), EIA Natural Gas Report (10:30),  Technical Outlook (

    By |Published On: February 5, 2015|2 min read|
  • SP 500 Market Analysis 2-4-15

    Today’s Trading Plan: More Resistance To Break

    Pre-market update: Asian markets traded 1.4% higher. European markets are trading 0.3% lower. US futures are trading 0.2% lower ahead of the market open.  Economic reports due out (all times are eastern): MBA Purchase Applications (7), ADP Employment Report (8:15), Treasury Refunding Announcement (8:30), PMI Services Index (9:45), ISM Non-Manufacturing Index, EIA Petroleum Status Report (10:30)

    By |Published On: February 4, 2015|1 min read|