Daily Trading Plans

Technical Analysis: Massive rally yesterday across the market landscape on the news that FBI didn’t consider Hillary Clinton a criminal.  Essentially one day to the upside erased 6 of the 9 down days the market had recently experienced on the S&P 500 (SPX). However, this is a meaningless rally in the grand scheme of things,

Technical Analysis: S&P 500 (SPX) attempted to bounce yesterday but fell short at the market close as it gave up its gains at the close to finish in the red for a 9th straight day.  That marked the first time since 1980 that SPX closed lower for nine consecutive days.  The 200-day moving average was

Technical Outlook: Yes, for an 8th straight day, the S&P 500 (SPX) sold off. The expectation of a bounce is strong here, and quite surprising we haven’t even seen any significant attempts at it yet.  Last time SPX was down 8 straight days was in 2008. The most troubling aspect of this decline is how light it

Technical Outlook: S&P 500 (SPX) continued its sell-off yesterday for the seventh straight day, and the nineth time in the last ten days.  More importantly, SPX broke key psychological support at 2100 yesterday.  Considering SPX is down seven straight days, it is extremely light that the market is only down -2.5% during that time.  Considering the

Technical Outlook: A significant technical breakdown played out yesterday on the S&P 500 (SPX) with price breaking down and below major long-term support at 2120.  Bear flag was also confirmed by yesterday’s price move.  Volume saw a notable uptick yesterday as well on SPDRs S&P 500 Trust (SPY) with volume well above recent averages.  In the past, SPX

Technical Outlook: Yesterday, S&P 500 (SPX) sold off for the fifth straight day with a dive in the final minutes of trading.  Despite trading lower for 5 straight days and 7 out of the last 8 days, the S&P 500 is only down 18 points, or less than 1% (2144 down to 2126), which is utterly

Technical Outlook: S&P 500 (SPX) dropped for a third consecutive day yesterday. If the market sells off today, it would mark the first time since June 15th that SPX sold off four straight days.  On the volume side, SPDRs S&P 500 (SPY) saw a third straight day of rising volume and came in at average levels.  GDP

Technical Outlook: The S&P 500 (SPX) once again proved that there is no dip that can be sustained in this market. WIth that said, price action did finish below the 5-day moving average for a second straight day, and right on the 10-day moving average.  There is what I would consider to be, a bear

Technical Outlook: A significant day technically, for the S&P 500 (SPX) yesterday.  The rising trend-line off of the February lows was broken.  The triangle going back to early September that the market had been trading in, was broken to the downside as well.  Still there was an end of day bounce that took price off of its

Technical Outlook: S&P 500 (SPX) managed to put together another bounce back rally that was quite simply meaningless in terms of accomplishing anything technically.  The declining trend-line from the August highs was tested yesterday and saw a rejection in price with SPX retracing 40% of its gains on the day.  Despite breaking it early on, once