Daily Trading Plans

Technical Outlook: Strong move yesterday that faded late into the close. The problem with that, is a lot of rallies have gone on to die, the closer it gets to new all-time highs.  As a result, I curbed some of my long exposure. Willing to add it back today, but also balancing that act with

Technical Outlook: SPX managed to rally above the 2111 resistance but was unable to close above said level into the close, which as you know, is what is most important.  An intraday move above resistance holds very little meaning if SPX can’t hold it into the close and that is what we got yesterday. 

Technical Outlook: A horrible jobs report, the worst since September 2010, led to a hard sell-off initially for stocks, but keeping with tradition, saw about 70% of the day’s losses recovered by the close.  Despite news that would suggest an economic slowdown is underway, stocks simply cannot pullback and hold those losses into the close.

Technical Outlook: Over the course of the last three days the S&P 500 has sold off early on, only to recover all or most of its losses before the end of the day.  The “buy the dip” mentality is alive and well for the stock market right now.  Essentially, the bears have shown no willingness

Technical Outlook: Another day where the bulls might not be ambitious for higher prices, but still willing to buy any dip that comes the market way. Despite the early selling, SPX managed to finish the day in the green yesterday.  At some point this month, the brexit vote will become a concern for the market.

Technical Outlook: A rare down day for the market – in the case of SPY, only its second in the past seven trading sessions. And as we have seen of late, the sell-offs are quite often mitigated by a huge swell of buying into the close that wipes out all of the day’s losses

Technical Outlook: Quiet move in the market on Friday that led to another nice gain for the bulls.  Slight uptick in volume on Friday but well below recent volume averages. This market has all the makings of a market the wants to continue to move higher, however, there are numerous resistance levels overhead between the

Technical Outlook: SPX finished just barely in the red (while SPY finished just barely in the green) yesterday, and consolidating nicely at its 6-day highs.  The head and shoulders pattern that the bears had eagerly been waiting to have confirm, has been nullified.  All eyes are on the 1:15pm Janet Yellen speech. There is

Technical Outlook: Strong follow through yesterday as stocks have now rallied 65 points since last Thursday. That is impressive and considering how tight the price range previously was – it’s a monster move.  Three weeks of losses that concluded in mid-May is now completely wiped out in just three trading sessions this week. That goes

Technical Outlook: Massive, and very unexpected rally yesterday. The 5, 10, 20, and 50-day moving averages were smashed as if they didn’t even exist.  The biggest issue at hand here is that the bulls could violate and nullify the head and shoulders pattern by having price break above the right shoulder at 2084.  The