Daily Trading Plans

A lethargic S&P 500 Index Chart The S&P 500 Index chart (SPX) is holding true to the rising trend-line and is holding the 20-day moving average as well. The FOMC is also upon us. This is the week that they are likely to raise rates, and if you remember, I've been saying for a couple of

Trading Journal Notes Talked yesterday about the 20-day moving average being in play for the bulls and that is exactly what happened. Practically as perfect of a test as you could possibly have on a moving average, we then saw a hard and fast bounce into the close. I bought UPRO off of the MA

Trading the 3:30 Ramp Okay so the headline might be a bit of an exaggeration but the past two trading days, when 3:30pm eastern typically triggers an end of day run, the exact opposite has happened where stocks start to slide out of absolutely nowhere. Perhaps it is just a temporary thing, but one can’t

My Trading Journal for the DJIA Today:  Nasdaq still doesn't look so bad, Russell index does look pretty rough, the S&P 500 is giving up all of Wednesday's market rally, but the DJIA today managed to hold that 10-day moving average with a three day pullback that was quite shallow in nature. If it holds tomorrow,

My Trading Journal for the Stock Market Today:  SPX did what it does best following a morning sell-off, and that is, to buy the freakin’ dip. (‘BTFD’ for those looking to add another acronym to their life). Support that I marked in the chart below on yesterday’s trading plan identified this as a potential bounce area.

My Trading Journal for the Stock Market Today:  Futures pointing lower, markets like the dip still. It seems like a recipe for a buying opportunity, but remaining disciplined in an undisciplined trading environment still requires that you maintain stops, keep them manageable, and don't come unglued when the market does not act the way you expect

My Trading Journal for the Stock Market Today:  I’m not talking about the speech itself, though I did think the speech was a pretty darn good one, and blew away everyone’s expectations. But I am talking about whether the Trump Rally itself can follow through into additional gains tomorrow. History says, “Sure”. I mean C’mon, the

My Trading Journal for the Stock Market Today:  When the market has a long one-day pullback that is 6 points in total, and for once in the past 13 trading sessions, the Dow Jones Industrial Average fails to rally at all, traders have to go back to their playbook and pull out the Trump Stock Rally

My Trading Journal for the Stock Market Today:  I'm pretty sure we are at that point where, "how many days can the Dow push higher", has become irrelevant. Lets just admit it, we are in the Phantom Zone at this point. We can decline 1% today is probably less likely than us running higher for another

My Trading Journal for the Stock Market Today:  Higher, higher, and higher. I mean, whats to say the Dow doesn't keep this going to infinity and beyond, to borrow from Buzz Lightyear. With seven seconds left of the trading session, the Dow pulled off a miraculous pop to push the Dow from red to green on