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 [...]
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 [...]
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 [...]
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 [...]
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. [...]
