Daily Trading Plans

Technical Outlook: SPX pulled out of its 3-4 day holding pattern and broke out to new all-time highs yesterday.  5-day moving average continues to hold strong. Look for a break and close below the 5-day for signs of short-term weakness.  Slight increase in volume yesterday, but still way below recent averages.  The trade to

Technical Outlook: Market pulled back for the second time in the last three trading sessions.  The volume was extremely light on SPY yesterday, and barely above Christmas Eve’s half day of trading last year. Needless to say, volume was well below average readings and half of what was seen on Friday.  Mini-bull flag pattern

Technical Outlook: Quiet day in the market yesterday with a finish five points higher on SPX. Right now SPX is riding that 5-day moving average. The last two days it has tested the MA and held it both times.  Today, there is some pre-market weakness that will likely result in another test of the 5-day

Technical Outlook: SPX finished lower for the first time after five straight green days.  Futures following Friday’s close sunk on the failed coup attempt in Turkey. All those losses were erased with the opening print on Sunday night.  5-day moving average still holding strong on the current market rally.  At this point, the market could

Technical Outlook: SPX rallied for the 10th time in the last 12 trading sessions. A rally that is as good as any we have seen over the past few years, except this rally established new all-time highs, and still hasn’t stopped yet.  Terrorism struck again, this time in Nice, France. Absolutely, and utterly disgusting, the

Technical Outlook: A day of rest for the market yesterday – Dow and SPX finished flat, while small caps and tech pulled back a shade.  Futures looking at a significant gap up this morning following a well received JPM earnings report.  Considering price action yesterday, it wasn’t surprising that SPY volume dropped off

Technical Outlook: SPX continues its epic rise yesterday, now up 160+ points in the last ten trading sessions.  VIX prior to this week, had dropped 8 out of 9 trading sessions down to key support in the lower 13’s. Last two days the VIX has refused to drop lower despite the market rallying hard

Technical Outlook: SPX closed above closing and intraday all-time highs yesterday. A feat that hadn’t been achieved since May of 2015.  It is important that the S&P 500 can string together a few strong days after establishing the new all-time highs.  SPY’s volume fell off quite dramatically yesterday, coming in well below recent averages. Not

Technical Outlook: Friday had one of the more improbable rallies following an unexpected, great employment report, and sending the S&P 500 nearly to new all-time highs.  SPX is poised to establish new all-time highs at the open this morning. SPX has now risen 6 out of the last 8 trading sessions. Which will probably go

Technical Outlook: SPX tested last Friday’s highs and failed to break through, instead resulting in selling thereafter. Ultimately the trading session resulted in sideways price action.  The bulls again exhibited their inability to do anything with price above 2100, but unwillingness to allow price to fall from it either.  The end of day ramp job