• Today’s Trading Plan: Rallying Into Rate Hikes

    Technical Analysis: S&P 500 (SPX) put together another strong rally, but under the surface, there was some signs of deterioration in the quality of the rally with the breadth to the upside being slightly outdone by declining issues. Typically, on a day like Friday, advancing issues should be rising on a 2:1 clip, at least.  

    By |Published On: December 12, 2016|2 min read|

  • Today’s Trading Plan: A New Frontier For Traders

    Technical Analysis: Wow, what a rally, yesterday. Honestly, I don’t think anybody came into the trading day thinking that the Dow Jones Industrial Average (DJIA) would pop off 300 points or that  the S&P 500 (SPX) would rally nearly 30 points. Nonetheless it did, and is why you always have to be prepared for any and all situations as

    By |Published On: December 8, 2016|2 min read|

  • Today’s Trading Plan: The Bull Chaser

    Technical Analysis: Two major milestones achieved yesterday, with the Dow Jones Industrial Average (DJIA) reaching 19,000 and S&P 500 (SPX) passing 2,200 for the first time.  The market has continued along the lines of Thanksgiving being a reliable ‘bullish’ week for the market. The Wednesday before Thanksgiving has a history of being reliably and consistently bullish as well.  Since

    By |Published On: November 23, 2016|2 min read|

  • Today’s Trading Plan: Stocks are Happy

    Technical Analysis: Strong rally on S&P 500 (SPX) yesterday to jump start what is historically a bullish week of trading.  As has been stated in previous trading plans, the 5-day moving average continues to remain intact for the market as well as being tested on a daily basis.  Volume on SPDRs S&P 500 (SPY) dropped yesterday from the

    By |Published On: November 22, 2016|2 min read|

  • Today’s Trading Plan: Lunging for All-Time Highs

    Technical Analysis: Strong move from the market yesterday, with the S&P 500 (SPX) rising another 0.5% and just six points away from new all-time highs.  Currently SPX is underway on the second leg of the bounce that began last week. If it is anything like the Brexit bounce it should still have more room to run

    By |Published On: November 18, 2016|1 min read|

  • Today’s Trading Plan: Two Different Trading Worlds

    Technical Analysis: Another day for the S&P 500 (SPX) where it manages to close with a doji candle pattern. The market, as has been the case all year long, shows some willingness early on to sell-off, only for the dip buyers to bail it out before the end of the day.  Volume on SPDRs S&P 500 (SPY) fell

    By |Published On: November 15, 2016|2 min read|

  • Today’s Trading Plan: Horrible Breadth

    Technical Analysis: S&P 500 (SPX) has risen for a fourth straight day (before that it had dropped nine straight days).  SPX had a massive doji candle that formed yesterday, that puts into question the sustainability of this current rally.  Even more perplexing, the Dow Jones Industrial Average (DJIA) was up 218 points, while Nasdaq Composite Index (QQQ) was down

    By |Published On: November 11, 2016|2 min read|