Bearish

After a brief period of excitement in the market, when it sold off 1% yesterday, the S&P 500 (SPX) is back to its boring ways from the past few weeks and now trading in a very narrow, intraday range that is leaving traders with little to talk about.  I personally want to see how this one shakes

Stocks are selling off in dramatic fashion… well… comparatively speaking.  The market has been stuck in a 13 day range and as I stated in the trading plan this morning, broke 2155, which creates a strong potential for more downside.  But this move seems too easy, and while technically it makes sense to get short

Technical Outlook: S&P 500 (SPX) snapped its 11-day streak of up/down price behavior by finishing just a smidge higher on Friday.  in doing so, it made a move above the 5-day moving average again.  Despite making a new intraday high on Friday, the stock still closed inside of its recent trading range and has not

Please take the title with a grain of salt. At this point, the bears have blown so many unbelievable opportunities that it is too numerous to count. Short Setups are plenty out there, people. The market looked like it might try to make a big run today, but instead, it has sold off all its

Technical Outlook: SPX rallied a meager 4 points on Friday to close just a shade below 2103, giving up much of its mornings gains throughout the trading session.  Declining resistance off of the June highs are in play and could be broken today.  For the first time during this 4-day rally, SPY is looking

The SharePlanner Reversal indicator suggests the bulls might not be out of the woods just yet. This week it is flashing an early reversal which really comes as no surprise following the massive sell-off on Friday and then again on Monday after the Brexit vote. Now the market is on an impressive two day rally

Another one of those days where the market gaps up (and in some cases down) and does absolutely nothing thereafter. Granted we still have two hours left before the market closes, so anything is possible, but nonetheless, this price action is boring me to tears today. Over the past three trading sessions, the market is

So far the month of June  has been extremely tricky for traders. Overall it is down and in 13 trading sessions, 7 of them are negative. But at the same time, this market marched right up to within 1% of new all-time highs just a week ago.  But as we have seen plenty of times

Technical Outlook: Day 3 of the sell-off ws equally impressive, faking out the bulls early on only to drop hard in afternoon trading.  20-day moving average was breached.  Volume on SPY was well above average, very impressive, and increased for a fourth straight day.  Most impressive though was the VIX chart that rose

Technical Outlook: The market continued with the same story that it has been engaged in for the past four months and counting… Buy every dip  you can get your hands on.  SPX sold off early on, but managed to recover nearly 75% of its losses by the close of the day.  SPY volume, as