Considering all the fireworks we have seen so far in 2018, this week here, has to be the most boring trading weeks so far. Fear not, the summer time is around the corner, and there will, no doubt be some mind numbing weeks there as well. […]
Breaking the 50-day Moving average may change the feel of this market all together. The 50-day moving average has held strong for this market since last year's election. There has been a few breaches around the 50-day MA, so it hasn't been a clean hold every time, but in large [...]
We all need some short setups in our lives every once in a while right? Well, the S&P 500 is breaking the 20-day moving average and looking to make a move back down towards the 50-day moving average. I’ve closed out half of my long positions and holding on to [...]
List of bearish trade chart setups that I have put together I’ve put together a list of bearish chart setups for you to take a look at. Here is what’s so tough about this market for many traders. Outside of the first trading day of the month. The market hasn’t [...]
SharePlanner’s Trend Reversal Indicator hitting extremes here Over the past 8 years of the bull rally, just reaching a bearish extreme has been, in large part, a difficult task to pull off. But we have that now, and the bearish trend reversal indicator, from a textbook standpoint, should hover here [...]
Technical Analysis: S&P 500 (SPX) has risen for a fourth straight day (before that it had dropped nine straight days). SPX had a massive doji candle that formed yesterday, that puts into question the sustainability of this current rally. Even more perplexing, the Dow Jones Industrial Average (DJIA) was up 218 points, [...]
There is every reason in the world that this market should pullback and it simply doesn’t. Doesn’t mean it cruises higher, it just stays in “No-Man’s Land”. Rallies can’t be sustained and sell-offs can’t get started. That is a stalemate, my friends. […]
The T2108 indicator provided by TC2000 is one of the best indicators for measuring the health of stocks, and in particular forecasting when a major market bounce off of oversold conditions or a major market sell-off following bubble-like market conditions will occur. This market reminds me so much of August [...]
The market is actually seeing a mild amount of selling today, even though it really isn’t anything to really brag about. S&P 500 (SPX) is back below the 20-day moving average which has been key to a sell-off all along. You have to be careful about not adding too many [...]
I’m not trying to dog-pile on Freeport-McMoran (FCX) here, but there is some major technical problems arising in this stock. Up until yesterday, it was still a play you could take as a bounce off of support. Although, I didn’t play it (simply because bounces off of breakout support usually [...]
This chart speaks for itself in that the rally that we have seen in oil for the entire month of August may be quickly coming to an end if this move off of the August lows is part of a larger head and shoulders. The only way to dispell this [...]
I guess until the Fed and central banks world-wide decide to stop interfering with the market, the normal ebb and flow of price action will cease to exist. That is why you have the VIX flirting with 10, and any sell-off cannot be sustained for any meaningful length of time. [...]
