Market Today

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 highest chance of being faded

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 highs are still in place.

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 down, but that has been

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 recent averages.  Yesterday’s rally was

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 bear flag pattern playing out

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 came in at above average

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 potential test area at 2124. 

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 in below recent averages.  Price

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 rallied to near the 50-day

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 itself.  Last night the Bank