• S and P 500 Market Analysis 1-25-13

    Today’s Trading Plan: Overbought, Overbought

    Pre-market update (updated 8:30am eastern): European markets are trading +0.6% higher. Asian markets traded 1.1% higher. .  US futures are trading slightly higher ahead of the opening bell.  Economic reports due out (all times are eastern): New Home Sales (10am) Technical Outlook (SPX): SPX finished higher for a 7th straight day. finding resistance against the upper

    By |Published On: January 25, 2013|3 min read|
  • S and P 500 Market Analysis 1-24-13

    Today’s Trading Plan: Pullback Take II

    Pre-market update (updated 8:30am eastern): European markets are trading flat and mixed. Asian markets traded 0.5% higher. .  US futures are trading slightly lower overall, with the Nasdaq trading heavily in the red after Apple earnings. Economic reports due out (all times are eastern): Jobless Claims (8:30am), PMI Manufacturing Index Flash (8:58am), Leading Indicators (10am),

    By |Published On: January 24, 2013|2 min read|
  • S and P 500 Market Analysis 1-24-13

    Today’s Trading Plan: Pullback Take II

    Pre-market update (updated 8:30am eastern): European markets are trading flat and mixed. Asian markets traded 0.5% higher. .  US futures are trading slightly lower overall, with the Nasdaq trading heavily in the red after Apple earnings. Economic reports due out (all times are eastern): Jobless Claims (8:30am), PMI Manufacturing Index Flash (8:58am), Leading Indicators (10am),

    By |Published On: January 24, 2013|2 min read|
  • S and P 500 Market Analysis 1-23-13

    Today’s Trading Plan: Pullback On The Horizon

    Pre-market update (updated 8:30am eastern): European markets are trading flat and mixed. Asian markets traded -0.8% lower. .  US futures are trading mixed with the SPX slightly lower and Nasdaq slightly higher ahead of the bell.  Economic reports due out (all times are eastern): MBA Purchase Applications (7am), ICSC-Goldman Store Sales (7:45am), Redbook (8:55am), FHFA

    By |Published On: January 23, 2013|2 min read|
  • S and P 500 Market Analysis 1-22-13

    Today’s Trading Plan: Overextended But Still Running

    Pre-market update (updated 8:30am eastern): European markets are trading 0.4% lower. Asian markets traded mixed.  US futures are trading mixed and flat ahead of the opening bell.  Economic reports due out (all times are eastern): Chicago Fed National Activity Index (8:30am), Existing Home Sales (10am), Richmond Fed Manufacturing Index (10am) Technical Outlook (SPX): SPX finished for

    By |Published On: January 22, 2013|2 min read|
  • S and P 500 Market Analysis 1-18-13

    Today’s Trading Plan: Still Room To Run

    Pre-market update (updated 7:30am eastern): European markets are trading 0.2% higher but in mixed fashion. Asian markets traded 1.5% higher.  US futures are trading flat with a slight negative bias ahead of the opening bell..  Economic reports due out (all times are eastern): Consumer Sentiment (9:55am) Technical Outlook (SPX): On increased volume yesterday, the market broke

    By |Published On: January 18, 2013|2 min read|
  • S and P 500 Market Analysis 1-16-13

    Today’s Trading Plan: Dip Buying Gets More Aggressive

    Pre-market update (updated 8:30am eastern): European markets are trading -0.4% lower. Asian markets traded mixed and -1.0% lower.  US futures are trading slightly lower ahead of the opening bell..  Economic reports due out (all times are eastern): MBA Purchase Applications (7am), Consumer Price Index (8:30am), Treasury International Capital (9am), Industrial Production (9:15am), Housing Market Index (10am),

    By |Published On: January 16, 2013|3 min read|
  • S and P 500 Market Analysis 1-15-13

    Today’s Trading Plan: Perhaps Another Bull Flag Forming

    Pre-market update (updated 9:00am eastern): European markets are trading -0.7% lower. Asian markets traded mixed and 0.3% higher.  US futures are trading moderately lower ahead of the opening bell..  Economic reports due out (all times are eastern): ICSC-Goldman Store Sales (7:45am), Producer Price Index (8:30am), Retail Sales (8:30am), Empire State Manufacturing Survey (8:30am), Redbook (8:55am), Business

    By |Published On: January 15, 2013|2 min read|
  • Dell - Left me in the dust today

    Evening Tape: Missing Dell & Invisible Drivers

    Missing Dell despite being in my list of watchers today…   Quick Glance at the Market Heat Map and Industries Notables: Tale of two groups in Tech: AAPL and GOOG plummet and HPQ and CSCO soar.  Big banks were extremely weak.  Health care continues to show relative strength. \ Be sure to

    By |Published On: January 14, 2013|1 min read|
  • S and P 500 Market Analysis 1-14-13

    Trading Plan: Don’t Get Too Optimistic Now

    Pre-market update (updated 9:00am eastern): European markets are trading mixed and 0.1% higher. Asian markets traded 0.8% higher but in mixed fashion..  US futures are trading slightly lower ahead of the opening bell..  Economic reports due out (all times are eastern): None Technical Outlook (SPX): After trying to dip lower on Friday, SPX managed to finish

    By |Published On: January 14, 2013|2 min read|