Daily Trading Plans

My Trading Journal for the Stock Market Today: Is there anything worse than buying stocks near or at their all-time highs? Seriously, I hate it. The game has become a bit of a joke here, as the market has become the place where bad trading practices are rewarded. People are comfortable. They are content. They don't

My Trading Journal for the Stock Market Today:  And by force, I actually mean dip buyers. They buy on the dip every single, freakin', time. It is fascinating really. Every-time there is a sell-off, the market immediately responds before the market closes the day. For the bears, they are literally being plagued with Jedi mind tricks

My Trading Journal for the Stock Market Today: Another day, another set of new all time highs across the board for the market. It is quite impressive. You can hate this market all you want, and yes this rally is very hated, but you have to trade it for what it is. In the process though,

My Trading Journal for the Stock Market Today: To say the market is trending higher, is an understatement. The stock market has been on a tear for most of this month. It is up 8 out of the last 9 trading sessions. Even more so, the market has only had two days where it finished in

Technical Analysis: The S&P 500 (SPX) took a breather yesterday when it decided to sell-off ever so slightly.  The 5-day, 10-day and 20-day moving averages on SPX are converging and offered an excellent support level for the bulls to bounce off of yesterday. Watch that level of support, again today.  Light Sweet Crude Oil Futures

Technical Analysis: A much cleaner trading session for the bulls, as the market opened and rallied higher on the day, leaving little doubt as to who was in control during the session.  Biotechs saw a solid push higher yesterday which provided the market with a solid floor to work from.  Nasdaq (COMPQX) looked re-energized

Technical Analysis: Volatile trading session to start the year with the initial gap up being all but squandered before the end of day rally restored much of the day’s morning gains.  This was the first time S&P 500 (SPX) has traded higher during the “Santa Rally”. Today will be the last day of this  rally –

Technical Analysis: A dour way to end 2016 on a 3-day losing streak for the S&P 500 (SPX).   The last three times, the month of January has finished lower. It has yet to do so four straight months. But as we have seen plenty of times before, the market has no problem doing something for

Technical Analysis: A sell-off yesterday that was hardly a sell-off for the S&P 500 (SPX). Price fell by 0.66 points or 0.03%. Essentially it was a day of sideways price action.  SPX found support right at the 20-day moving average yesterday by forming an indecisive doji candle just above it.  Volume fell off some yesterday

Technical Analysis: The S&P 500 (SPX) jump started the Santa Rally with a hard sell-off yesterday that sent equities reeling nearly 1% and to the lower end of the short-term trading range.  Price broke the 5-day and 10-day moving averages and threatens to test the 20-day moving average today. This is the strongest sell-off seen since