Daily Trading Plans

Technical Analysis: Two major milestones achieved yesterday, with the Dow Jones Industrial Average (DJIA) reaching 19,000 and S&P 500 (SPX) passing 2,200 for the first time.  The market has continued along the lines of Thanksgiving being a reliable ‘bullish’ week for the market. The Wednesday before Thanksgiving has a history of being reliably and consistently bullish as well.  Since

Technical Analysis: Strong rally on S&P 500 (SPX) yesterday to jump start what is historically a bullish week of trading.  As has been stated in previous trading plans, the 5-day moving average continues to remain intact for the market as well as being tested on a daily basis.  Volume on SPDRs S&P 500 (SPY) dropped yesterday from the

Technical Analysis: Inside day (candle body contained inside the previous trading day’s body) of trading yesterday on S&P 500 (SPX) yesterday, that kept the current uptrend intact.  The 5-day moving average held strong on Friday.  Volume on the SPDRs S&P 500 (SPY) increased for a second straight day, but still remained below recent averages. Enthusiasm on the

Technical Analysis: Strong move from the market yesterday, with the S&P 500 (SPX) rising another 0.5% and just six points away from new all-time highs.  Currently SPX is underway on the second leg of the bounce that began last week. If it is anything like the Brexit bounce it should still have more room to run

Technical Analysis: S&P 500 (SPX) took a breather following the previous day’s gains. Despite selling off, the market only finished 3 points lower, and formed a doji candle inside the previous day’s candle body.  The 5-day moving average held up well yesterday following a test of it. The last four trading sessions have seen tests and

Technical Analysis: Big day for S&P 500 (SPX) as price broke out of its 3-day doji-range and pushed to the upside.  SPDRs S&P 500 (SPY) saw its volume drop for a fourth consecutive day and fall below recent averages.  The 5-day moving average continues to hold strong for SPY as it has tested and bounced each

Technical Analysis: Another day for the S&P 500 (SPX) where it manages to close with a doji candle pattern. The market, as has been the case all year long, shows some willingness early on to sell-off, only for the dip buyers to bail it out before the end of the day.  Volume on SPDRs S&P 500 (SPY) fell

Technical Analysis: On the only attempt at a move lower last week by the S&P 500 (SPX), the dip buyers re-emerged and bounced the market off of its 5-day moving average.  Friday’s slight sell-off ended SPX’s 4-day winning streak.  Short term, the market is undoubtedly overbought.  Volume on SPDRs S&P 500 (SPY) saw a massive drop-off compared

Technical Analysis: S&P 500 (SPX) has risen for a fourth straight day (before that it had dropped nine straight days).  SPX had a massive doji candle that formed yesterday, that puts into question the sustainability of this current rally.  Even more perplexing, the Dow Jones Industrial Average (DJIA) was up 218 points, while Nasdaq Composite Index (QQQ) was down

Technical Analysis: Futures taking a notable dip this morning, though it has recovered about 2/3’s of its losses, as the S&P 500 and Nasdaq had actually limited down during the election coverage last night.  With Donald Trump as the President-Elect, I highly expect the Fed to raise rates in December, since Yellen isn’t beholden