• The market is still trying to rally today, and up barely a smidge, and this is despite Facebook (FB), Amazon (AMZN), Netflix (NFLX), Google (GOOGL) and Apple (AAPL) being ghastly in the red today.  Internals are not that great either. Nothing great or trendy with the TICKS, VIX is

    By |Published On: March 7, 2016|1 min read|
  • Market and stock analysis including $SPX $SPY $QQQ $IWM $COMPQ $STT $FB $AMZN $NFLX $GOOGL $USO Enjoy!

    By |Published On: March 4, 2016|0 min read|
  • The market acts like it isn’t sure what to do with itself. The market rallied off the lows this morning immediately following the market’s open, but since then it has given back those gains and momentum and now is just floundering around.  Up? Down? Who freakin’ knows. Buyers and sellers aren’t overly inspired except for

    By |Published On: February 9, 2016|1 min read|
  • Technical Outlook: SPX continued yesterday in its current 5-day trading range. The market is not providing clear direction here and being light until it shows otherwise is absolutely key here.  I still think that there is a retest of the month’s lows in the near futures, at which point I think that is where you

    By |Published On: January 29, 2016|2 min read|
  • Technical Outlook: SPX bounced back from Monday’s decline creating a 3-day period of choppiness for the market as it is trying to digest recent gains. With futures pointing downward, there is the possibility of continued choppiness today.  FOMC Statement comes out today and will spur on additional volatility. I expect that FOMC will play this

    By |Published On: January 27, 2016|3 min read|
  • Technical Outlook: It didn’t take long for the bears to jump back on the sell-everything bandwagon and they did so yesterday by wiping out all but 9 points of Friday’s gains. This will no doubt come as a huge disappointment for the bulls to start the week.  This immediately puts the bulls back against the

    By |Published On: January 26, 2016|3 min read|
  • Trade setup for AMZN

    By |Published On: January 19, 2016|0 min read|
  • One of the traders in the SharePlanner Splash Zone was asking me about Amazon.com (AMZN)’s chart, and while without looking at it I remembered it had been stuck in consolidation since its earnings, (yeah, I have a huge swath of chart patterns, unintentionally memorized in my head, where more important things should probably be

    By |Published On: December 22, 2015|1 min read|
  • Technical Outlook: Respectable follow through yesterday, though SPY failed to do much of anything after the first 30 minutes of trading, finishing just barely higher than where it started the day at.  Today is the day where the FOMC is expected to begin increasing interest rates – with today starting at a quarter point

    By |Published On: December 16, 2015|3 min read|
  • Technical Outlook: After being up more than 17 points on the day, SPX dropped, within a two hour period, 44 points to the downside.  That marks one of the most significant intraday reversals we have seen this year.  SPX managed to close, as noted in the chart below, just above the rising support level off

    By |Published On: December 10, 2015|2 min read|