Brexit

My Swing Trading Strategy I went for a day-trade yesterday, but the volume in the overall market deteriorated too quickly for me to make much of the trade. Got in, got out, and no new positions held overnight. Watching for the same again today, whether the bulls can break out to new highs and through

My Swing Trading Strategy No new trades, I have very little to desire to get heavily long while resistance lurks overhead. Most traders out there do not understand that, and simply assume that the resistance will be broken, and while it attempting to do just that, history has shown that feat to be much harder

My Swing Trading Strategy I’ve been sitting on my hands lately and a lot of the traders I talk to on the regular, are telling me the same thing. There aren’t a lot of trade opportunities out there and the market is lacking an incredible amount of conviction currently, which makes any aggressive approach to

My Swing Trading Strategy No new trades yesterday. Market was weak, and provided little-to-no trading opportunities. Considering how the market does with resistance overhead, I’ll consider adding a long position to the portfolio. Otherwise, if the market fades quickly following the opening bell, it may be reason to stay put, once again, and or add

Technical Analysis: Another “sell-off” that was hardly a sell-off on Friday, where price basically stood still.  Right now, it is more likely that the bulls are alleviating overbought conditions through “time” rather than “price”.  The steep rising uptrend on S&P 500 (SPX) could possibly be tested today at 2252.  The only rising uptrend that has been broken

Technical Analysis: Big day for S&P 500 (SPX) as price broke out of its 3-day doji-range and pushed to the upside.  SPDRs S&P 500 (SPY) saw its volume drop for a fourth consecutive day and fall below recent averages.  The 5-day moving average continues to hold strong for SPY as it has tested and bounced each time

The SharePlanner Reversal Indicator rarely behaves this way, but following the Brexit vote, this indicator has been all over the map. It seems at this point the indicator needs to ground itself, and the best way to do that is to distance itself from the Brexit shenanigans, and the only way to distance itself is

Technical Outlook: Essentially the bulls counted their chickens before they hatched yesterday. Brexit voting did not go the way they expected despite rallying SPX 28 points yesterday.  SPX looking at one of the bigger, historical gap downs that it has ever seen.  Essentially today’s gap down going to put us back near or below the

Here is an update on the latest on the Brexit and what the odds makers are expecting. Not much of a change from this morning as you can see.  Overall there is about a 4:1 chance of a Brexit/Leave.  As for tonight's schedule - I found this tweet here - highly informational from @verniman Essentially

I thought I’d throw this out there for you all to consider. This is what the odds makers are showing on the possibility of a brexit. Currently about 43% of the bets are on a vote to “Leave” the European Union or commonly referred to as a “Brexit”. The “Remain” camp is seeing about 57%