Bullish Trend Reversal Signaled In somewhat of a surprising development following yesterday's hard sell off from the day's highs, the bulls are managing to put together a bullish trend reversal on the SharePlanner Reversal Indicator. That's actually quite impressive considering where the market has been over the past few weeks. [...]
The market rocked higher off of the massive lows on the day, only to see SPX finish slightly in the red. Finance and oil are the two names you want to watch going into tomorrow. If there is a rebound in them, particularly with the banks, the market will continue [...]
Technical Analysis: Massive move yesterday considering the market was in a limit down scenario on the futures market in the early morning hours. Reversal saw defense, biotechs, banks and infrastructure soar with a Donald Trump Presidency. One area of concern is the massive volume spike seen on SPDRs S&P 500 Trust [...]
Seeing a sharp bounce at the extremes on the SharePlanner Reversal Indicator. That is a bit surprising to me, because with the market range-bound for the past two months and showing no signs of wanting to break it, I would have guessed it would have stayed at the extremes for [...]
Here’s one of the more intriguing trade setups that is out there in Goldman Sachs (GS). I just made this trade in the SharePlanner Splash Zone. The consolidation was extremely tight over the past few days and now it is coming out of it quite nicely the potential for the [...]
The market today is acting more like a penny stock with its intraday machinations than the world’s most liquid market for trading stocks. It is a total bore of late and much of that has to do with the Federal Reserve and the Bank of Japan refusing to get their [...]
Bulls got this market ripping higher again after last week’s non-responsive price action that was deemed dead on arrival. New all-time highs have been established and S&P 500 (SPX) is only a cool 7 points away from 2200. Lots can happen when SPX hit 2200. There is no doubt plenty [...]
It is a new month and the market behavior today is acting as if it wants nothing to do with the gains seen last month. That wouldn’t be surprising either considering that August is the worst month of the year, historically, for the Dow and S&P 500. As a result, [...]
This week is going to be a challenge for traders – there is no doubt about it. Regardless of whether the market finishes higher or lower on the week, you have the biggest weak of earnings where tons of big names are reporting their results, followed by the Fed’s FOMC [...]
The bulls are trying to start the week off right, with more upside. This is despite the failed coup attempt in Turkey over the weekend and more law enforcement officers being killed domestically. The latter hasn’t mattered much to the market, nor has terrorist attacks within and outside US borders. [...]
Technical Outlook: SPX finished lower for the first time after five straight green days. Futures following Friday’s close sunk on the failed coup attempt in Turkey. All those losses were erased with the opening print on Sunday night. 5-day moving average still holding strong on the current market rally. At [...]
The bulls have it – barring an end of day sell-off, that takes price back below 2034 or worse, 2030, the bulls will have closed as new all-time highs (as long as it is above 2030, it is above all-time closing highs). To be shorting this market at this level, [...]
