Trade Setups

The market is on some slippery footing to start the week. While the uptrend remains intact on the daily charts, the one problem that I see currently is the struggle to hold the 2111 breakout level that it had previous struggled to break through. Overall though there remains plenty of ground the bulls can give

Technical Outlook: SPX continues, and continues to struggle for real direction. Despite what seemed like a likely breakout of consolidation on Monday, SPX yet again decided to give back those gains and trade in the monotony of consolidation that has plagued this market for the entire year minus one episode in February that provided traders

Still trying to figure out this market? Join every other trader out there. After a day that saw SPX drop all the way down to 2072, SPX is now trading at 2102 – yup a 30 point reversal in less than a day. SPX has gone from being uber bearish on Thursday to the

The bears – they’ve tried rearing their heads the last couple of days, and it really looked like they were going to send this market back down to the 2040 level for a little while there this morning before finally popping back up again.  Nonetheless, the market has been floundering without direction to start this

Not a strong day today for the market but I am not overly concerned by that at this point.  I mean, for Pete’s sake, the S&P 500 is up 5 out of the last 6 days and 7 out of the last 10. At some point it has to take a breather.  During this time

Technical Outlook: Two days of consolidation following Monday’s small rally.  In the process of the coiling it is perfectly holding the multitude of moving averages found underneath it (5, 10, 20, 50). On a day-to-day basis, very little is actually changing until SPX puts in a higher high at 2087 or a lower low at

Here’s the bearish list of trade setups for the week that you’ll want to keep close tabs on. There are a lot of good plays here that are setting up nicely as we speak.  We are attempting to finish higher for the third straight day – which is something we haven’t seen since mid-February. Also,

The market, no surprisingly has rallied off of the horrific sell-off in futures due to the bad employment number and is now sitting on a near one percent up day. If we can get some follow through in the days ahead and even possibly make another run towards all time highs, then the chart below

As they entered the tomb, they saw a young man dressed in a white robe sitting on the right side, and they were alarmed.  “Don’t be alarmed,” he said. “You are looking for Jesus the Nazarene, who was crucified. He has risen! He is not here. See the place where they laid him. – Mark 16:5-7   May

The bears have made some progress towards erasing yesterday’s gains. However, it doesn’t seem overly impressive at this point, unless they can stage an end of the day sell-off. Instead it has more of the look and feel of the rally from 3/12 through 3/20 where the market moved in a two steps forward/one step