SharePlanner Reversal Indicator: Wanting Direction

2016-09-21T13:14:04-04:00September 21, 2016|

The SharePlanner Reversal Indicator is sitting on extreme bearish levels, that at some point will lead to a bullish reversal or hold out at these levels for another 2-3 weeks.  We did, with the sell-off from last week get a test of the 2120 level and the market has, up [...]

Finding Short-Term Direction For Apple

2016-08-25T15:38:09-04:00August 25, 2016|

I’m going to let the chart do the talking on this post, as I have detailed much of what I am seeing on Apple (AAPL). Essentially, I think there is more downside to the stock than there is upside and that a pullback or even gap fill from late July [...]

Today’s Trading Plan: Finding a Direction

2016-08-23T08:40:49-04:00August 23, 2016|

Technical Outlook: Another dull day of price action on the S&P 500 (SPX) where price dropped a meager -0.06%.  The common theme of this market continues to be the fact that SPX refuses to break and close below the 20-day moving average.  5-day moving average crossed below the 10-day moving average yesterday [...]

Today’s Trading Plan: Finding Direction, Take Two

2016-08-19T08:36:19-04:00August 19, 2016|

Technical Outlook: S&P 500 (SPX) traded in the third smallest range of the year yesterday and managed to finish up a smidge. Volume on SPDRs S&P 500 (SPY) dropped off drastically from the day prior and below recent averages.  This low volume on the market creates an environment where individual stocks can [...]

Today’s Trading Plan: Find Some Direction

2016-08-18T06:24:59-04:00August 18, 2016|

Technical Outlook: S&P 500 (SPX) sold off hard and early yesterday, only to see a strong rally, just prior to the FOMC minutes being released, that lasted into the closing bell.  Despite the rally, the Russell 200 (RUT) was lower and weighed heavily on a large number of stocks yesterday.  [...]

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