The bears have had the decisive edge in this market to begin the week, and while after Thursday’s sell-off had many concerned about the market’s prospect for a bounce, especially after overnight futures were pointing towards a next day open below 1900. However, the market internals showed a trading environment where the bears had drained
Pre-market update: Asian markets traded 1.9% lower. European markets are trading flat. US futures are trading 0.3% higher ahead of the market open. Economic reports due out (all times are eastern): Productivity and Costs (8:30), Wholesale Trade (10) Technical Outlook (SPX): Heavy overnight futures sell-off has recovered and now trading in the green after
Be sure to sign up for the SharePlanner Splash Zone Free 7-Day Trial and receive access to my chatroom and real-time trade alerts via text and email (including international). You can also automate all my trades through Ditto Trade. Click here to subscribe. Here is tomorrow’s swing-trading watch-list: Long Pharmacyclics (PCYC)
Today’s SharePlanner Hangout! In it I go over each of the main indices including: S&P 500, Russell and Nasdaq. I also discuss my failed trade today in Kate Spade & Company (KATE), and the successes like that of Facebook (FB), First Solar (FSLR), Youku Tudou (YOKU), and 3D Systems (DDD). I also
Pre-market update: Asian markets traded flat. European markets are trading 0.1% higher. US futures are trading 0.2% higher ahead of the market open. Economic reports due out (all times are eastern): Quadruple Witching Technical Outlook (SPX): SPX rose for the fifth straight day and providing follow through to Wednesday’s breakout. Volume remained at par
Pre-market update: Asian markets traded 1.1% higher. European markets are trading 1.1% higher. US futures are trading 0.1% higher ahead of the market open. Economic reports due out (all times are eastern): Jobless Claims, Philadelphia Fed Survey (10), Leading Indicators (10), EIA Natural Gas Report (10:30) Technical Outlook (SPX): Huge day for SPX rallying
It was a fabulous day in the SharePlanner Splash Zone today with big moves coming from stocks like Ingersoll Rand (IR) and Facebook (FB) and Netflix (NFLX). Profiting consistently each and every month is my mantra and if you’d like to see what you’ve been missing out on then sign up for my
Pre-market update: Asian markets traded 0.6% higher. European markets are trading 0.2% higher. US futures are trading 0.1% higher ahead of the market open. Economic reports due out (all times are eastern): MBA Purchase Applications (7), Current Account (8:30), EIA Petroleum Status Report (10:30), FOMC Meeting Announcement (2), FOMC Forecasts (20), Chair Press Conference (2:30)
Another fabulous day of trading in the Splash Zone despite a market that has been overly tepid to begin the week. Check out the current gains in my portfolio: I take great pride in putting members of the Splash Zone in consistently profitable positions. So far this month, we are profitable on 12 out