Daily Trading Plans

Technical Outlook: Massive bounce yesterday at around the 50-day moving average, and closing a shade below 2100.  Again the bears let go of another opportunity to jump start a sell-off.  SPY volume dropped off yesterday and was notably below recent averages for the first time in 10 trading sessions.  VIX continues to struggle

Technical Outlook: SPX snapped the four-day winning streak. The final hour of trading came to the rescue of the bulls, by erasing 1/3 of the losses.  The bounce took place at the 5 & 20-day moving average.  Futures are down heading into the open and look to open up at/near yesterday’s lows.  Volume on

Technical Outlook: SPX rallied a meager 4 points on Friday to close just a shade below 2103, giving up much of its mornings gains throughout the trading session.  Declining resistance off of the June highs are in play and could be broken today.  For the first time during this 4-day rally, SPY is looking

Technical Outlook: SPX continued its epic rally yesterday, adding another 1.4% to its 3-day tally.  The last time the market was down 4% on the month with less than a week of trading left, only to rally back into the positive to close the month out was in 1938. Yes, the move from this week

Technical Outlook: Day 2 of the dead cat bounce unfolded yesterday and it was a brilliant one.  Back-to-back +30 point days on SPX is a rarity in general, but not when you are coming off the heals of a major sell-off.  Much of the Brexit losses have been erased following the two day bounce.

Technical Outlook: Dead cat bounce started yesterday resulting in one of the year’s best rallies.  These bounces, if it remains part of a larger sell-off, can last anywhere between 2-4 days.  The VIX is melting away at an incredible rate. Over the last two days, has gone from almost tagging 27, down to 18.75.

Technical Outlook: Major continuation yesterday to the downside, saw SPX shed almost another 2%.  Volume fell off from Friday, but was still extraordinarily high on SPY yesterday. The biggest phenomenon yesterday was the massive sell-off and the VIX actually pulling back 7.4% to close at 23.85.   T2108 (% of stocks trading above

Technical Outlook: To say that Friday was an epic market would be an understatement. Following the Brexit news, SPX dropped a cool 3.6% and looks to continue lower again today.  Here is what you have to be careful of  here – central banks. The Central banks will not want this market to continue its drop

Technical Outlook: Essentially the bulls counted their chickens before they hatched yesterday. Brexit voting did not go the way they expected despite rallying SPX 28 points yesterday.  SPX looking at one of the bigger, historical gap downs that it has ever seen.  Essentially today’s gap down going to put us back near or below the

Technical Outlook: For the third straight day, SPX reversed off of its highs of the day, with yesterday being the strongest instance yet.  Interestingly enough, the VIX 14.6% yesterday to 21.17 – a massive move for such a small decline.  This is in part due to the fears surrounding a British vote to