Market Analysis

Going back the past three months the area surrounding 16.40 has no doubt offered a great deal of support/resistance.  Now again, just a little over two days since the VIX was over 26, it is now testing that 16.40 area again. Granted it is trading below the support level now, but I think of bigger

Just for a minute and take a look at the chart of the Nasdaq for the past two years. It has to be the worst time period ever for the chart. There is no direction, no conviction and more importantly, no sustainability in either direction.  Every dip is met with insatiable buying and every attempt

The SharePlanner Reversal indicator suggests the bulls might not be out of the woods just yet. This week it is flashing an early reversal which really comes as no surprise following the massive sell-off on Friday and then again on Monday after the Brexit vote. Now the market is on an impressive two day rally

I love the T2108 in markets like this. When volatility is at extremes, there is no better indicator out there for gauging market direction and how close we might be to a bottom.  The bad news, is that a bottom might not be achievable just yet. Of course that doesn’t mean bounces can’t occur, but

I can’t go to sleep – I just can’t. I mean c’mon, how often do you get to see SPX futures down 100 points, circuit breakers triggering, Dow futures down over 600 points, among other things.  I don’t have any positions going into tomorrow. I sold my one long position and covered my one short

Here is an update on the latest on the Brexit and what the odds makers are expecting. Not much of a change from this morning as you can see.  Overall there is about a 4:1 chance of a Brexit/Leave.  As for tonight's schedule - I found this tweet here - highly informational from @verniman Essentially

I thought I’d throw this out there for you all to consider. This is what the odds makers are showing on the possibility of a brexit. Currently about 43% of the bets are on a vote to “Leave” the European Union or commonly referred to as a “Brexit”. The “Remain” camp is seeing about 57%

It has been a while since I posted about the 30 minute chart on the S&P 500 – but here I go. The upward trend-line has been broken, off of the June 16th lows. However, you have this stubborn support/resistance level at 2085 depending on which side of price SPX happens to be on. Going

So far the month of June  has been extremely tricky for traders. Overall it is down and in 13 trading sessions, 7 of them are negative. But at the same time, this market marched right up to within 1% of new all-time highs just a week ago.  But as we have seen plenty of times

There is a very nice retest taking place on USO and its rising trend-line off of the February lows.  We’ve seen oil in the past, crush through many technical barriers to the downside, and I’m not even sure I want to play this bounce at this moment, but the temptation is definitely there.