Market Analysis

Here is to my 1000th posting on SharePlanner. Enough of the celebratory stuff - time to talk about some more meaningful stuff, like how all the major indices are breaking out to yearly highs, including the Russell. I've provided the charts below. It is also worth noting that we are extremely overbought, and I wouldn't

Going to be quick here, but I wanted to give y'all a quick glance at the S&P and Nasdaq charts. We still remain stuck in a rock and a hard spot, however, it looks like the bears are starting to show a little bit of bend of late. If the market plans on moving higher

Another boring range-bound day of trading again as the struggle for market supremacy between the bulls and bears wages on! However in the midst of the boredom, there are a couple of things worth noting: 1) both the Nasdaq and S&P managed to hold meaningful trend lines - more so with the S&P 2) there

What is this? Two days in a row where the market is down? Can’t be! Impossible! But it is true. Unfortunately (you can see where my loyalties lie), the bears are unable to accentuate these days with any type of authority. Instead, the lows are hit in the early going, only to see the bulls

The last two weeks in the stock market has been absolutely perplexing. Immediately after making a lower-low, the market reverses course and makes a new high – that doesn’t happen very often, and frankly, I don’t  even know how to disect that or anything else that seems to be going on in the market right

Not many traders pay attention to weekly charts, instead their focus is mainly on the daily charts. However, a quick glance from time-to-time at the weeklies,  particularly on index charts, can show you things that the daily charts never will. On the weeklies below (for the NASDAQ and S&P), both indices are butting up against

The past three days have been tough days for trading. There have been really no patterns to follow, and technical analysis has been awash. Add the Fed spewing their garbage today, and you have a market that is all over the place, and honestly it is quite frustrating. As it stands right now, determining direction

In the case of the S&P, “The trend is your friend, until the end, when there’s a bend” – and that is exactly what we got today out of the all-important index. The trend-line that has been intact since early March have finally given way to the bears, and not only that, but the 50-day

The bull-market is by no means dead, in fact, it is still trucking on to new highs in this eight-month bull market rally. Huge day for the bulls, managing to gap up at the open and push through into new highs. For the Dow, it reached a huge milestone by closing above 10k for the first

Some weakness so far today on the mixed JNJ earnings report. But it’s doubtful that the bulls are all that worried as the selling is minor (so far at least) and there isn’t a killer amount of volume rattling the markets. If the market is going to pullback in the near-term, it is likely