• Fear Rises Bigly on Wall Street

    Fear grips traders and the VIX pops 46% I like buying the dip as much as anybody, and it has proven to be a really good strategy over the last eight years. But yesterday was not a day to buy the dip. The internals did not show an anemic sell-off that was going to quickly

    By |Published On: May 18, 2017|3 min read|

  • The Trump Sell Off

    The bears are gaining a foothold on the Trump Controversies My objective here isn’t to defend Donald Trump or prosecute him. I leave my personal opinions out of my trading simply because the market doesn’t care what I think when it comes to politics.  So I have to look at price action for what it

    By |Published On: May 17, 2017|3 min read|

  • Head Fake Bull Trap or Bear Trap Head Fake

    It could be a confusing day for the bulls and bears as they deal with head fakes and traps of all types Strong day out of the market yesterday but what does it really mean for the market today and the days ahead. Should we expect to seek the bulls get head faked once again

    By |Published On: May 16, 2017|3 min read|

  • Bearish Divergences Popping Up

    Bearish Divergences Warrants Caution You could have skipped the last three weeks of trading and you would have come back to a market that is virtually unchanged.  It hasn’t moved, it hasn’t gone anywhere, and Friday’s price action exemplified that with another light volume trading session. VIX spent most of the week below 10,

    By |Published On: May 15, 2017|3 min read|

  • Volatility Check

    Let’s check in on this whole volatility matter The story, from a technical standpoint, this week, was the fact that the Volatility Index (VIX) had dropped below the 10 level and was at one of the lowest readings of all-time. Then of course the comparisons between 20007 and 2017 and the fact that 2007

    By |Published On: May 12, 2017|3 min read|

  • SharePlanner Reversal Indicator: Going Nowhere Fast

    I feel like, honestly, the expression “Going nowhere fast” is creeping into every one of my posts these days. In reality, that is the state of the market. Market sells off hard and fast this morning, but by afternoon, it has managed to rally back to near break even. Prior to today, SPX had

    By |Published On: May 11, 2017|2 min read|

  • The Calm Before the Storm for the Stock Market

    What does this calm before the storm mean for the stock market? Everyone keeps talking about how right now in the stock market, you have a very similar “calm before the storm” trading atmosphere to that of 2007. Personally, I think it is a bunch of hogwash. What happened the following year in 2008 was

    By |Published On: May 11, 2017|3 min read|

  • Trading Plan Sees a Chill Market Despite Escalating International Tensions

    Market Not as Skittish About International Conflict Of late, I have noticed that the ties between the political fanfare and the stock market is becoming less and less. Until late, anytime Trump tweeted about anything that had the slightest connection to the stock market, the stock and/or industry it was associated with, woudl have a

    By |Published On: May 10, 2017|3 min read|

  • Trading as the Market Climbs the Wall of Worry

    The Wall of Worry The market isn’t giving us those warm, wholesome feelings, but that is what climbing the wall of worry is all about. Everyone is paranoid, traders with a concept of risk, are looking over their should the whole time, wondering when is this thing going to end. Meanwhile, others can’t take it

    By |Published On: May 9, 2017|3 min read|

  • New Closing Highs Seeking Follow Through

    Show some follow through Friday’s move was quite subtle but very strong as well. What started off as a day trading sideways like each of the days of the past eight trading sessions, changed its tune in the afternoon and broke out of the short-term price range and rallied to new all time highs by

    By |Published On: May 8, 2017|3 min read|