Daily Trading Plans

Technical Outlook: S&P 500 (SPX) traded in the third smallest range of the year yesterday and managed to finish up a smidge. Volume on SPDRs S&P 500 (SPY) dropped off drastically from the day prior and below recent averages.  This low volume on the market creates an environment where individual stocks can be manipulated much easier

Technical Outlook: S&P 500 (SPX) sold off hard and early yesterday, only to see a strong rally, just prior to the FOMC minutes being released, that lasted into the closing bell.  Despite the rally, the Russell 200 (RUT) was lower and weighed heavily on a large number of stocks yesterday.  The 20-day moving average

Technical Outlook: Yesterday marked the second biggest sell-off on the S&P 500 (SPX) since the Brexit sell-off, shedding 12 points.  Volume on SPDRs S&P 500 (SPY) was slightly higher than the prior day's volume but still extremely weak and well below recent averages.  Second straight day where dip buyers have not come in and rallied the market into

Technical Outlook: Strong start yesterday on S&P 500 (SPX) but simply could not hold on as the afternoon unfolded as it gave up some of its gains heading into the close.  No ramp into the close yesterday which has become a staple for bullish traders.  The market is alternating again in an up/down/up/down fashion. A close lower today

Technical Outlook: S&P 500 (SPX) again on Friday attempted to sell-off but low volume again plagued any attempt from the bears to make a meaningful move across the board. SPDRs S&P 500 (SPY) saw a drop in volume on Friday, which also came in well below average.  SPX  has seen consolidation over the last five trading

Technical Outlook: One of the bigger trading ranges of late yesterday on the S&P 500 (SPX). Most significant was the fact that SPX didn’t give up all of its early gains as we have seen in recent days.  Support continues to exist at the 10-day and 20-day moving averages and reclaimed the 5-day

Technical Outlook: S&P 500 (SPX) saw one of its bigger declines in the past month dropping a whole 6 points  or -0.3% SPDRs S&P 500 ETF (SPY) volume saw a slight increase yesterday but still well below recent averages.  SPX broke the 50-day moving average but tested the 10-day and held on. The most important one

Technical Outlook: S&P 500 (SPX) breakout from Friday, lacked any real follow through yesterday. Need to see more buying today or risk nullifying the breakout.  Watch converging support of the 5, 10, and 20-day moving averages going forward.  SPDRs S&P 500 ETF (SPY) volume was the worst that I’ve seen. Nothing compares to it.

Technical Outlook: Massive breakout of consolidation on Friday following the employment report.  Moving forward, the 20-day moving average appears to be the key moving average for the market.  S&P 500 (SPX) broke back above the 5 and 10-day moving averages yesterday.  Friday’s move could spur the market on to test 2200.  SPDRs S&P 500 ETF

Technical Outlook: Extremely tight range doji candle on the S&P 500 (SPX) yesterday. SPX only finished 0.02% higher.  Price is wedged between the rising 20-day moving average and the 5 and 10-day moving averages overhead for the past 3 trading sessions.  Non-Farm Payrolls report (employment) comes out today. Last time, the market soared following