Technical Analysis: Wow, what a rally, yesterday. Honestly, I don’t think anybody came into the trading day thinking that the Dow Jones Industrial Average (DJIA) would pop off 300 points or that the S&P 500 (SPX) would rally nearly 30 points. Nonetheless it did, and is why you always have to be prepared for [...]
Technical Analysis: The S&P 500 (SPX) opened strong yesterday in the wake of the Italian referendum, but as has been customary in the previous five trading sessions, the price action faded the early morning gains. On the flip side, SPX did manage to regain its 5 and 10-day moving averages. It [...]
Technical Analysis: Strong rally on S&P 500 (SPX) yesterday to jump start what is historically a bullish week of trading. As has been stated in previous trading plans, the 5-day moving average continues to remain intact for the market as well as being tested on a daily basis. Volume on SPDRs S&P 500 [...]
Technical Analysis: Strong move from the market yesterday, with the S&P 500 (SPX) rising another 0.5% and just six points away from new all-time highs. Currently SPX is underway on the second leg of the bounce that began last week. If it is anything like the Brexit bounce it should still [...]
Technical Analysis: Big day for S&P 500 (SPX) as price broke out of its 3-day doji-range and pushed to the upside. SPDRs S&P 500 (SPY) saw its volume drop for a fourth consecutive day and fall below recent averages. The 5-day moving average continues to hold strong for SPY as it has [...]
