Sector Watch: What’s Coming In Hot

2018-08-09T14:45:55-04:00August 9, 2018|

Most of the sectors are showing sideways trading patterns.  The market isn't entirely untradeable but it is getting pretty darn close to it. I'm finding the breakout plays to be more difficult than most, and instead focusing on the stocks that are forming a base and coming out of that [...]

Bullish Watch-List To Kick Start Your 2018

2018-01-02T14:28:43-05:00January 2, 2018|

Bulls are off to a solid start for 2018 with a solid rally.  Not a major rally, but considering the sell-off that concluded 2017, there was some pause among traders as to whether the selling would carry over into the new year.  […]

Bullish Watch List for the Most Bullish of Weeks

2017-11-20T14:42:31-05:00November 20, 2017|

S&P 500 is off to a respectable start on the most bullish week of the trading year.  Historically, Thanksgiving tends to be a good week for traders. Low volume, but by-and-large, it tends to perform most consistently to the upside than any other trading week of the year. [...]

SharePlanner Reversal Indicator Turns Bullish

2017-06-07T14:41:23-04:00June 7, 2017|

The bulls have a change in the reversal indicator Up until this week, the SharePlanner Reversal Indicator, had been pointing lower, but if you remember last week, I mentioned that we would probably get a bullish signal on the reversal indicator.  […]

Today’s Trading Plan: Do I Hear 9 in a Row

2016-11-04T08:53:50-04:00November 4, 2016|

Technical Outlook: Yes, for an 8th straight day, the S&P 500 (SPX) sold off. The expectation of a bounce is strong here, and quite surprising we haven’t even seen any significant attempts at it yet.  Last time SPX was down 8 straight days was in 2008. The most troubling aspect of this [...]

Today’s Trading Plan: It’s the Bulls’ Turn

2016-09-28T08:56:00-04:00September 28, 2016|

Technical Outlook: The whipsaw price action in S&P 500 (SPX) continued yesterday with a hard bounce following two days of selling.  The price action is sporadic and unpredictable at this juncture. Very topsy-turvy – Last Thursday you had a bullish break above recent consolidation. Following Monday’s price action, you had a [...]

Long Setups If The Bulls Can Manage To Buy The Dip Again

2016-09-14T14:25:44-04:00September 14, 2016|

I am not a fan of adding long positions in this current market environment. Especially after yesterday when the bulls gave up all of their gains following what is now a dead-cat bounce.  The market looks to me to be setting up for further downside. You have the FOMC Statement [...]

Today’s Trading Plan: Bulls Need To Keep Pushing

2016-08-12T08:43:37-04:00August 12, 2016|

Technical Outlook: One of the bigger trading ranges of late yesterday on the S&P 500 (SPX). Most significant was the fact that SPX didn’t give up all of its early gains as we have seen in recent days.  Support continues to exist at the 10-day and 20-day moving averages and [...]

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