ETF

Technical Analysis: Yesterday was peculiar in the price action that unfolded on the S&P 500 (SPX) where price greatly retracted at the close of the day and gave up most of the day’s gains. This is indicating to me that market strength is being used to book recent profits.  Should this happen again today, and more

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

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

Technical Analysis: Big day for S&P 500 (SPX) as price broke out of its 3-day doji-range and pushed to the upside.  SPDRs S&P 500 (SPY) saw its volume drop for a fourth consecutive day and fall below recent averages.  The 5-day moving average continues to hold strong for SPY as it has tested and bounced each

Technical Outlook: Major reversal on Friday’s price action when the market went from being firmly in the green, to instantly into negative territory on news that Hillary Clinton’s email investigation was being re-opened.  This creates some fresh volatility for the market as it had seemed, until Friday’s news, that it was comfortable just remaining dormant