FOMC Statement: November 8, 2018

2018-11-08T14:05:32-05:00November 8, 2018|

Information received since the Federal Open Market Committee met in September indicates that the labor market has continued to strengthen and that economic activity has been rising at a strong rate. Job gains have been strong, on average, in recent months, and the unemployment rate has declined. Household spending has [...]

Swing Trading Strategy Report #237

2018-07-06T08:23:00-04:00July 6, 2018|

My Swing Trading Approach This has been a cautious week for me, especially due to the lack of continuity among the sectors on a day-to-day basis and the holiday right in the middle of the trading week. Once we get past the employment report this morning, and direction becomes better [...]

Stock Market and Missile Strikes

2017-04-07T09:26:00-04:00April 7, 2017|

Missile Strikes, Employment and the Stock Market Yesterday SPX bounced off of that 50-day moving average but overnight you had some pretty intense news coming out of Washington that they launched missiles into Syria. You can find the details everywhere about the strike, but how that affects the market is [...]

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: This Time Bad Employment is Good

2016-09-02T08:44:22-04:00September 2, 2016|

Technical Outlook: Another sell-off yesterday, another ramp into the close. This time the bulls wiped out 15 points in losses on S&P 500 (SPX) to close the day flat.  As a trader, this is not the kind of market environment that you want where price simply reverts to the mean. You [...]

Today’s Trading Plan: Employment To Decide Matters

2016-08-05T08:26:28-04:00August 5, 2016|

Technical Outlook: Extremely tight range doji candle on the S&P 500 (SPX) yesterday. SPX only finished 0.02% higher.  Price is wedged between the rising 20-day moving average and the 5 and 10-day moving averages overhead for the past 3 trading sessions.  Non-Farm Payrolls report (employment) comes out today. Last time, [...]

Today’s Trading Plan: Jobs Shaking Things Up

2016-07-08T07:43:27-04:00July 8, 2016|

Technical Outlook: SPX tested last Friday’s highs and failed to break through, instead resulting in selling thereafter. Ultimately the trading session resulted in sideways price action.  The bulls again exhibited their inability to do anything with price above 2100, but unwillingness to allow price to fall from it either.  The [...]

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