Daily Trading Plans

Technical Outlook: The market was boring to tears yesterday until the final 1.5 hours, which has now become the traditional “ramp the market higher for no reason” time. This time there was some moderation – only 6 points higher on S&P 500 (SPX) but still quite a bit when you consider the day’s range (and

Technical Outlook: A little more volatility was introduced into the market yesterday than what we have become used to seeing in recent weeks.  SPX was actually down over 1% at one point, and below the range it has been recently stuck in.  Support levels: 2159 was broken yesterday, but 2155 held strong following a late

Technical Outlook: This market is becoming quite the snoozer. There was a whole 0.1% of downside to the market yesterday on the S&P 500 (SPX) as it continues to trade in a tight range for the past 13 trading sessions.  Volume fell off a bit on SPDRs S&P 500 (SPY) yesterday coming in at

Technical Outlook: S&P 500 (SPX) snapped its 11-day streak of up/down price behavior by finishing just a smidge higher on Friday.  in doing so, it made a move above the 5-day moving average again.  Despite making a new intraday high on Friday, the stock still closed inside of its recent trading range and has not

Technical Outlook: Solid earnings reports from the big companies aren’t helping to lift the market at all from its current trading range. Today we’ll see if Amazon (AMZN) or Alphabet (GOOGL) can pull it off.  The trading range over the last 11 trading sessions has been less than 1% – one of the

Technical Outlook: S&P 500 (SPX) continues to trade in an up/down/up/down pattern for the past 10 trading sessions.  This has only happened eleven other times since the 1920’s.  SPX hit 13 times late last year.  Volume on SPY increased slightly yesterday for a second straight day and almost closed at recent averages.  Oil continues

Technical Outlook: For 9 straight trading sessions, the S&P 500 (SPX) has followed a pattern of up, down, up, down.  Nasdaq (COMPQ) has traded in the same pattern for 11 straight trading sessions.  Russell Index (RUT) looked the strongest yesterday as it broke out of its 10-day trading range to the upside.  The

Technical Outlook: Extremely dull price action has a grip on the market right now. That should change tomorrow when the Fed’s FOMC Statement comes out.  For the better part of two weeks the major indices have traded sideways.  SPX had a real chance for a breakdown yesterday and instead, it rallied  hard into the

Technical Outlook: SPX managed to climb higher on Friday, on little to no volume.  SPY volume came in less than the day prior, and continues to hover at its weakest levels of the year.  Last week marked the lowest SPY volume of the year.  Tons of earnings reports this week and next. This week

Technical Outlook: Dow Jones Industrial snapped a 9-day winning streak. Last two times that has happened, it made it to 10-days. Not so yesterday.  SPX finished lower as well yesterday and below the 5-day moving average (by one point).  Again though, the rampers showed up at 3:30pm to push the market off of the