My Trading Journal for the Stock Market Today: To say the market is trending higher, is an understatement. The stock market has been on a tear for most of this month. It is up 8 out of the last 9 trading sessions. Even more so, the market has only had two days where it finished in
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Technical Outlook: S&P 500 (SPX) managed to put together another bounce back rally that was quite simply meaningless in terms of accomplishing anything technically. The declining trend-line from the August highs was tested yesterday and saw a rejection in price with SPX retracing 40% of its gains on the day. Despite breaking it early on, once
September is off to a great start. Traders in the Splash Zone are up despite the market selling-off. Join the SharePlanner Splash Zone and start trading with me to see for yourself what a membership can do for your portfolio. Sign up for a Free 7-Day Trial - with your subscription, you will get each and every
Technical Outlook: S&P 500 (SPX) had a hard bounce yesterday of 1.5% that took price back to the underside of the 50-day moving average before failing to break through it. The volume on SPDRs S&P 500 (SPY) came in strong yesterday again, though slightly less than what we saw on Friday. Trend line off of the
Technical Outlook: S&P 500 (SPX) had one of its biggest sell-offs of the year on Friday, catching the large majority of market participants by surprise. SPX broke its 50-day moving average and closed below it for the first time since 6/29. The volume on SPDRs S&P 500 (SPY) was more than triple the normal average and the
Join the SharePlanner Splash Zone and see for yourself what a membership can do for your portfolio by signing up for a Free 7-Day Trial. With your membership, you will get each and every trade that I make with real-time text and email alerts (international too) as well as access to my chat-room that I trade in each
It has taken me a couple of days to getting around to writing about the LinkedIn (LNKD) buyout by Microsoft (MSFT) mainly because this whole deal was a grave irritation to me. Let me start off first by saying that I was long LNKD on Friday - Yes, Friday. I had a stop-loss that was
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