Charts + Technical Analysis

FAANG Update: $FB $AAPL $AMZN $NFLX $GOOGL Take a look at three trading ideas to prep you for the next trading session. Get all of my trades that I make real-time by jumping in the SharePlanner Trading Block and start making some profits for yourself!  Facebook (FB)

With all that said, it won’t mean much if there if the news coming out of Washington and the China delegation is that a deal was made. Instead, price action will soar higher and nullify this pattern.  Heck, perhaps if the Chinese eats two cookies instead of one at lunch today, it will probably be

The bulls can still continue to push the market higher, but it will have to overcome the market weakness in six of the last nine weeks.   The headlines risk is crazy! Let’s just get that out of the way. I’ve been caught with my pants down, and I don’t mean figuratively…I literally mean literally. I

Information received since the Federal Open Market Committee met in July indicates that the labor market remains strong and that economic activity has been rising at a moderate rate. Job gains have been solid, on average, in recent months, and the unemployment rate has remained low. Although household spending has been rising at a strong

Coming out of the August consolidation has created a very bullish environment for stocks.   While I had hoped the market would ultimately break lower and through the August consolidation, it chose (not surprisingly), to break higher and now we are sitting right below all-time highs on SPX.  Now, the norm of late has been 

I don’t have any issues with any of the sectors right now except for Energy.  Energy is seriously the most unpredictable and untradeable sector right now. Nothing holds to the upside, and just when you think a stock is breaking out, it reverses course and breaks down on you. 

The reversal indicator has been bearish since July, but not anymore.  It has been a long time in coming, but this week, there is finally a bullish reversal on the SharePlanner Reversal indicator. The last time we had one of those was in late May, and it doesn’t take a genius to remember just how

Probably a couple of weeks away from a bullish reversal on the indicator. The month of August has had its downs, but more than that, it has been extremely choppy, leaving little room for direction that traders can seize upon. For three weeks now the stock market has been nothing more than a royal chop-fest.

A lot of trend-lines breaks and topping patterns are forming The safe sectors is where big money is putting its capital. Utilities are practically on the brink of new all-time highs. I’d also like to add stocks supporting the military or have big dollars in the Pentagon defense budget are also holding up well and

USD/Chinese Yuan chart – this is what’s causing the most pressure for the stock market, and embodies the ongoing trade war. The higher the yuan climbs (i.e. weakens against the US dollar) the more pressure it puts on US producers in their efforts to sell their products to the Chinese (it takes more Yuan to