Quarter End Wrap Up

2017-03-31T09:01:00-04:00March 31, 2017|

Trading Calendar Quarter End in Sight Slight open lower yesterday quickly evaporated as the market engaged in its normal morning routine – rally higher and into the green before the market closes, and usually much sooner. The biggest risk these days tends to be a gap higher which has the [...]

Dead Cat Bounce For Now

2017-03-30T09:02:00-04:00March 30, 2017|

Dead cat bounce until proven otherwise. It’ll probably take the market establishing new all-time highs in order for me to not view this market rally the last two days from a dead cat bounce perspective. There has been some technical improvements, but even still, the downtrend off of the March [...]

Markets Today Look for a Bounce Follow Through

2017-03-29T08:42:00-04:00March 29, 2017|

Solid bounce yesterday, but can the markets today follow through? For many years now, when we see the dead cat bounce come about, stocks overall will look to continue the bounce for several days going forward. For the markets today, will that ring true yet again? The futures are slightly [...]

Today’s Trading Plan: Another Run At All-Time Highs

2016-09-29T08:43:53-04:00September 29, 2016|

Technical Outlook: Bulls managed to string together two successful days of trading that will now put price right below the declining trend-line on the S&P 500 (SPX) downward trend-line off of the all-time highs that was achieved back in August.  Volume on the SPDRs S&P 500 (SPY) actually increased yesterday and was well above [...]

Today’s Trading Plan: It’s the Bulls’ Turn

2016-09-28T08:56:00-04:00September 28, 2016|

Technical Outlook: The whipsaw price action in S&P 500 (SPX) continued yesterday with a hard bounce following two days of selling.  The price action is sporadic and unpredictable at this juncture. Very topsy-turvy – Last Thursday you had a bullish break above recent consolidation. Following Monday’s price action, you had a [...]

Today’s Trading Plan: Market Getting Crazy Eyes

2016-09-27T08:15:30-04:00September 27, 2016|

Technical Outlook: Big move for the S&P 500 (SPX) yesterday, as Monday’s sell-off took price back below the 5, 10 and 20-day moving averages.  Watch the rising trend-line off of the February lows on SPX as a test looms at 2124 area.  SPDRs S&P 500 (SPY) volume saw an increase yesterday, and [...]

Today’s Trading Plan: Deranged Market

2016-09-26T08:49:44-04:00September 26, 2016|

Technical Outlook: Strong sell-off on S&P 500 (SPX) on Friday that resulted in a break of the 50-day moving average.  Trend-line off of the all-time highs on SPX offered steep resistance on Thursday that ultimately resulted in Friday’s sell-off.  Rising trend-line off of the February lows is back in play with a [...]

Today’s Trading Plan: Approaching The Chop Area

2016-09-23T09:13:48-04:00September 23, 2016|

Technical Outlook: Strong follow thorugh yesterday on S&P 500 (SPX) that saw momentum come to a halt at the declining resistance off of the all-time highs.  Yesterday’s rally created a big gap that remains unfilled coming into today.  SPDRs S&P 500 (SPY) saw its volume drop off yesterday and even come [...]

Today’s Trading Plan: It’s Okay

2016-09-22T09:19:23-04:00September 22, 2016|

Technical Outlook: SPX (SPX) rallied big yesterday as a result of the Federal Reserve deciding to hold off on any interest rate hike until after the election.  Bank of Japan had minimal effect, but it was thew Fed’s “we should hike, but won’t” policy comments that really goosed the market.  SPX [...]

Today’s Trading Plan: FOMC at the Helm

2016-09-21T09:09:57-04:00September 21, 2016|

Technical Outlook: S&P 500 (SPX) once again saw a strong attempt at a rally yesterday only fade away as the day wore on, to close yet again at unchanged on the day. That is the second day in a row that SPX has finished flat on the day. A rarity in [...]

Today’s Trading Plan: Losing Volume Again

2016-09-20T08:57:32-04:00September 20, 2016|

Technical Outlook: S&P 500 (SPX) gave up all of its mornings gains yesterday to close flat on the day. Today looks to be setting up in the AM in a similar fashion as the futures are popping higher.  The trend these days is to ignore Crude (/CL) when it is [...]

Today’s Trading Plan: Bounce or Drop Time

2016-09-19T09:00:36-04:00September 19, 2016|

Technical Outlook: A sell-off on Friday on S&P 500 (SPX) but ultimately saw the dip buyers rescue it off of the lows of the day during the last two hours of trading.  It was an “inside” day on the candles, where price action was captured inside the trading body of the previous [...]

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