Today’s Trading Plan: Putting in a Short-Term Bottom

2016-09-16T08:49:12-04:00September 16, 2016|

Technical Outlook: Huge bounce on S&P 500 (SPX) yesterday that put in a strong case for a short-term bottom being formed at 2120.  The rally yesterday took price back above the 5-day moving average which is something the index has been unable to do over the past week. SPY volume increased yesterday [...]

Where This Bottom Indicator Is Currently At

2016-06-27T14:02:46-04:00June 27, 2016|

I love the T2108 in markets like this. When volatility is at extremes, there is no better indicator out there for gauging market direction and how close we might be to a bottom.  The bad news, is that a bottom might not be achievable just yet. Of course that doesn’t [...]

A Bling-Bling Triple Bottom

2016-06-20T15:16:39-04:00June 20, 2016|

Retail is dead if you aren’t Walmart (WMT) or Amazon (AMZN) but a chart pattern is a chart pattern and what you have on Tiffany (TIF) is a gorgeous triple bottom with just the right amount of sparkle to it.  The $60 level seems to have insane amounts of support [...]

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