Daily Trading Plans

Technical Outlook: A relatively low volume, flat day of trading in S&P 500 (SPX) until the final 30 minutes where the majority of its gains were acquired.  SPX is now turning bullish again, although it is still stuck in a short-term trading range. New all-time highs are within arm’s reach, and to add short positions to the

Technical Outlook: Another sell-off yesterday, another ramp into the close. This time the bulls wiped out 15 points in losses on S&P 500 (SPX) to close the day flat.  As a trader, this is not the kind of market environment that you want where price simply reverts to the mean. You want trendlines and chart patterns.

Technical Outlook: The S&P 500 (SPX) actually attempted to make a legitimate sell-off yesterday, but then the afternoon happened and the ramp buyers emerged to lift market off of the lows and erase 60% of the day’s losses.  The buyers are exhausted at this point. When they rally it is just within a tight 1.5% consolidation area

Technical Outlook: Another extremely boring trading session on the S&P 500 (SPX) yesterday. Weakness prevailed the entire day until the last 1.5 hours of trading that saw the market rally off of the lows to minimize the day’s losses.  There is actually a developing head and shoulders pattern on SPX. With as flat as the market

Technical Outlook: S&P 500 (SPX) rallied back into the range high resistance yesterday, and potentially nullifying the pullback opportunity the market was looking going into the week.  SPDRs S&P 500 (SPY) volume dropped off yesterday from the previous day’s above average reading. Now it is in line with what what we have seen over the

Technical Outlook: S&P 500 (SPX) saw a massive reversal on Friday following an attempt at establishing new all-time trading highs. Despite the breadth and extent of the sell-off, the bears managed to rally SPX back close to break even on the day.  SPX is down 3 straight days, but still has yet to manage to

Technical Outlook: S&P 500 (SPX) continued its selling yesterday for the fourth time in the last 5 trading sessions.  Currently SPX is down for the month, albeit less than one point. If this holds, it will snap a the market’s streak of five months trading higher.  Watch 2168 today on SPX. If that price level breaks,

Technical Outlook: Bigger than usual trading range for S&P 500 (SPX) yesterday, and biggest sell-off that the market has seen August 2nd. Would have been the biggest since the Brexit sell-off, but the bulls stepped in during the last 10 minutes and goosed the market off of its lows.  More importantly, SPX broke the 20-day moving

Technical Outlook: There is only so much that can be said about a market that isn’t going any where. Yesterday, S&P 500 (SPX) went right up to the all time highs and then proceeded to spend the rest of the day shaving off around 70% of the day’s gains.  Volume on SPDRs S&P 500 (

Technical Outlook: Friday marked the end of a very dull trading week for the S&P 500 (SPX) which only traded in a 25 point range and saw a weekly change of only 0.18 points. SPX continues to find support at the 20-day moving average and refusing to close below it.  SPDRs S&P 500 (SPY) volume actually