Daily Trading Plans

Technical Analysis: Yesterday marked the twelfth consecutive day in which S&P 500 (SPX) was stuck in a sideways trading range of 29 points.  Today is the beginning of the 5-day trading even traditionally known as the Santa Rally, which encompasses the last three trading sessions of the year and first two trading sessions of the new year. 

Technical Analysis: Quiet day yesterday for the stock market as the S&P 500 (SPX) pulled back a meager 5 points.  Volume on SPDRs S&P 500 (SPY) was dropped significantly from the previous day’s reading and was well below recent averages. You can expect even lighter volume today and tomorrow as more traders leave for the Christmas holiday.  Price

Technical Analysis: The S&P 500 (SPX) exhibited dull price action but nonetheless managed to rally higher yesterday and out of the bull flag it had been trading in the previous few trading sessions.  Volume on the SPDRs S&P 500 (SPY) dropped off just a smidge yesterday and remains below average. The drop off in the last two

Technical Analysis: Christmas volume starting to kick in yeserday as the S&P 500 (SPX) barely moved and gave up most of its gains on the day.  SPDRs S&P 500 (SPY) volume fell off dramatically yesterday, coming in below average and at the lowest level seen over the last 9 trading sessions.  The CBOE Market Volatility Index (

Technical Analysis: Another “sell-off” that was hardly a sell-off on Friday, where price basically stood still.  Right now, it is more likely that the bulls are alleviating overbought conditions through “time” rather than “price”.  The steep rising uptrend on S&P 500 (SPX) could possibly be tested today at 2252.  The only rising uptrend that has been broken

Technical Analysis: Bounce back yesterday in the S&P 500 (SPX) following the Fed sell-off. Still a downtrend in place from the FOMC highs.  Either there is a short-term bull flag forming on SPX just under the all-time highs that were established this week, or we are going to test the rising trend-line off of the

Technical Analysis: The Federal Reserve raised interest rates yesterday by a quarter point. Initially the S&P 500 (SPX) tried to rally on the news but quickly gave up its gains on the day to finish 0.8% down on the day.  SPX also managed to close below its 5-day moving average for the first time since 12/2

Technical Analysis: The S&P 500 (SPX) keeps marching higher with little resistance to counter its momentum, rising another 14 points towards the goal of 2300.  Even more so, the Dow Jones Industrial Average (DJIA) is up 22 of the last 26 days (over 84% win rate) and has made new all-time highs 7 days in a row.  Despite

Technical Analysis: S&P 500 (SPX) experienced a light amount of selling yesterday, forming a doji candle pattern after establishing intraday all-time highs, yet again.  The Dow Jones Industrial Average (DJIA) is up 21 of the last 25 days (84% win rate). It was the only index among the big four that finished higher yesterday.  The Federal

Technical Analysis: S&P 500 (SPX) put together another strong rally, but under the surface, there was some signs of deterioration in the quality of the rally with the breadth to the upside being slightly outdone by declining issues. Typically, on a day like Friday, advancing issues should be rising on a 2:1 clip, at least.