Technical Outlook: SPX had a solid day yesterday following dovish remarks about future rate increases from Janet Yellen. Her dovish outlook as it pertains to rate hikes has been, in large part, the reason for the massive rally off of the February lows. Volume yesterday on the SPY was notably higher than recent days,
Any time you are trading on a roll, it is easy to start watching the dollars in the account. For example, today, I bought into Amazon (AMZN) at $581, it is now at $594. I bought Netflix (NFLX) yesterday at $100.24 and now it is at $104. Not to mention Mead Johnson Nutrition
3/28: Holding strong to the 20-day moving average and breaking back above the 5 and 10-day moving average following a 4 day pullback in the stock. 200-day Moving average overhead has offered little support/resistance so isn't being considered in the context of this trade. Potential breakout target of $110-115. This stock is a strong breakout
The market is still trying to rally today, and up barely a smidge, and this is despite Facebook (FB), Amazon (AMZN), Netflix (NFLX), Google (GOOGL) and Apple (AAPL) being ghastly in the red today. Internals are not that great either. Nothing great or trendy with the TICKS, VIX is
Technical Outlook: SPX finished higher for a third straight week and the first time it has pulled off such a streak since last November/December. Interestingly enough SPX closed at 1999.99 on Friday, which came at the chagrin of many holders of weekly call options at 2000. The tendency of late has been for any
Market and stock analysis including $SPX $SPY $QQQ $IWM $COMPQ $STT $FB $AMZN $NFLX $GOOGL $USO Enjoy!
Technical Outlook: Massive rally off of the lows yesterday, when a continuation back towards the February lows appeared imminent. SPX managed to recapture the 5-day moving average and now sets up for a test of 1947 and the 50-day moving average, both of which have converged together. Yesterday’s morning sell-off tested and held the 10
The market acts like it isn’t sure what to do with itself. The market rallied off the lows this morning immediately following the market’s open, but since then it has given back those gains and momentum and now is just floundering around. Up? Down? Who freakin’ knows. Buyers and sellers aren’t overly inspired except for
2016 couldn't be any more crazier than it is right now and you are probably searching for a way to conquer these senseless market. So do yourself a favor, stay in the game and sign up to the SharePlanner Splash Zone! With your membership, you will get each and every trade that I make with real-time