Daily Trading Plans

Technical Outlook: Strong follow thorugh yesterday on S&P 500 (SPX) that saw momentum come to a halt at the declining resistance off of the all-time highs.  Yesterday’s rally created a big gap that remains unfilled coming into today.  SPDRs S&P 500 (SPY) saw its volume drop off yesterday and even come in below recent averages. 

Technical Outlook: SPX (SPX) rallied big yesterday as a result of the Federal Reserve deciding to hold off on any interest rate hike until after the election.  Bank of Japan had minimal effect, but it was thew Fed’s “we should hike, but won’t” policy comments that really goosed the market.  SPX rallied to near the 50-day

Technical Outlook: S&P 500 (SPX) once again saw a strong attempt at a rally yesterday only fade away as the day wore on, to close yet again at unchanged on the day. That is the second day in a row that SPX has finished flat on the day. A rarity in itself.  Last night the Bank

Technical Outlook: S&P 500 (SPX) gave up all of its mornings gains yesterday to close flat on the day. Today looks to be setting up in the AM in a similar fashion as the futures are popping higher.  The trend these days is to ignore Crude (/CL) when it is trading lower, and to rally

Technical Outlook: A sell-off on Friday on S&P 500 (SPX) but ultimately saw the dip buyers rescue it off of the lows of the day during the last two hours of trading.  It was an “inside” day on the candles, where price action was captured inside the trading body of the previous day.  SPDRs (S&P 500)

Technical Outlook: Huge bounce on S&P 500 (SPX) yesterday that put in a strong case for a short-term bottom being formed at 2120.  The rally yesterday took price back above the 5-day moving average which is something the index has been unable to do over the past week. SPY volume increased yesterday from the day prior

Technical Outlook: S&P 500 (SPX) for a third straight day, tested the 2120 support level and held it. There hasn’t been a strong, sustained bounce off of this price level though to suggest the market is done with the current sell-off. On the SPDRs S&P 500 (SPY) volume has decreased for a second straight day – volume

Technical Outlook: S&P 500 (SPX) reversed Tuesday’s rally and closing at the same price level SPX closed Friday at.  The volume on SPDRs S&P 500 (SPY) increased yesterday, when compared to the day prior, and more than double the daily average.  The daily bands on the market continue to expand after exhibiting historical tightness, and

Technical Outlook: S&P 500 (SPX) had a hard bounce yesterday of 1.5% that took price back to the underside of the 50-day moving average before failing to break through it.  The volume on SPDRs S&P 500 (SPY) came in strong yesterday again, though slightly less than what we saw on Friday.  Trend line off of the

Technical Outlook: S&P 500 (SPX) had one of its biggest sell-offs of the year on Friday, catching the large majority of market participants by surprise.  SPX broke its 50-day moving average and closed below it for the first time since 6/29.  The volume on SPDRs S&P 500 (SPY) was more than triple the normal average and the