Daily Trading Plans

Technical Outlook: SPX has day four of one of the most dull dead cat bounces that you’ll ever see. With that said, the sell-off that preceded it was quite dull in its own right, with one of the most shallow five day pullbacks you’ll ever see.  The volume continues to melt away for a

Technical Outlook: Yesterday’s rally resulted in a blip on the radar. Very unimpressive, in that it gave up nearly 60% of the day’s gains by the close of the day.  2100 was as high as the SPX could get and is where the immediate selling took place at.  Even 2085, which was quite a surprise

Technical Outlook: SPX failed to provide the necessary follow through Friday, giving up 7 points to the downside.  50-day moving average remains an issue for stocks.  The market is looking at a massive gap higher this morning – the likes of which is rarely seen. SPX is looking to go from its 2071 closing price

Technical Outlook: Yesterday marked a hard sell-off in the early going as the bulls were dumping their stocks as fast as they could, but then, after the first 30 minutes of trading, a base was established, and the market bounced throughout the remainder of the day.  SPX took a 21 point sell-off early on and

Technical Outlook: SPX continued its sell-off for a fifth straight day.  The market traded higher all day long and reacted positively to the FOMC Statement until the final thirty minutes of trading where it sold all of its gains, and finished lower on the day.  SPX still remains below its 50-day moving average.  Most concerning

Technical Outlook: SPX sold off yet again yesterday, but managed to find some dip buyers at the end of the hour – namely in the last hour of trading and boost the market back near break-even – recovering about 70% of the losses on the day.  Conflict between the SPY and SPX (due to

Technical Outlook: Day 3 of the sell-off ws equally impressive, faking out the bulls early on only to drop hard in afternoon trading.  20-day moving average was breached.  Volume on SPY was well above average, very impressive, and increased for a fourth straight day.  Most impressive though was the VIX chart that rose

Technical Outlook: Nasty sell-off on Friday, that had only a marginal dip buy at the close.  Overall, the market lost its 5 and 10-day moving averages and the last two trading sessions alone have wiped out the previous nine days of upward price movement.  As a result, there has to be some worries that

Technical Outlook: The market continued with the same story that it has been engaged in for the past four months and counting… Buy every dip  you can get your hands on.  SPX sold off early on, but managed to recover nearly 75% of its losses by the close of the day.  SPY volume, as

Technical Outlook: Choppy price action that finished strong into the close yesterday, and pushed above the highs established at 2116 in November of 2015.  A higher-high is clearly established off of the February lows now.  SPX is now setting up for a test of the all-time highs. A 1% rally would be enough to establish