Oracle (ORCL)

Of course there should be about 15 more dead cat bounce attempts between now and the close, but I have to say, I am pleasantly surprised that the bears have the price action down below 2039. That is where it should be, but my expectations were diminishing rapidly over the past week for that

A beautiful double top much like what we talked about on 5/3 when we shorted it then. I am looking for a strong leg down here. Essentially, you a bear flag that can't push through the 50-day or 20-day moving averages. Confirmation on SPX head and shoulders pattern should speed up the downside of this

Technical Outlook: SPX experienced a hard reversal on Friday where price found buyers at and around the 50-day moving average and ultimately ended up resulting in an 18 point reversal off the lows of the day.  Despite all the days of selling that was to be had last week, SPX finished just eight points lower

Technical Outlook: Attempted bounce early on yesterday eventually resulted in a sell-off in the afternoon that saw SPX finish lower for the fifth time in the last six trading sessions.  A late day rally attempt yesterday fell apart.  Yesterday marked the first time since 3/24 that SPX sold off three straight days.  Volume on

Technical Outlook: SPX sold off for the fourth time in the last five days and closed yesterday below the lows from last week.  There was almost a test of the 50-day moving average yesterday but the dip buyers stepped in before that could take place.  Again yesterday afternoon we saw the dip buyers come in

ORCL is sporting a perfect double top and and confirming the pattern today as well as breaking below the 50-day moving average. There is also a gap in the $38's that remains unfilled and continued weakness in this market would likely lead to that gap being filled.

Technical Outlook: Choppy trading session yesterday that saw the market gap lower but spend the rest of the day chopping around and ultimately recovering the day’s losses.  Futures have rallied strong overnight as European markets stage a strong rally.   Yellen’s testimony before congress is expected to weigh large on the markets prior to equities

It was a horrid week for the markets but a good one for members of the SharePlanner Splash Zone.  Check out how the current portfolio for members is shaping up. While the S&P 500 was down over -3% for the week, my trades were profitable.  I’ll be the first to say, that I was a

Technical Outlook: Key support level at 1872 was tested yesterday and resulted in a major bounce of 46 points in the span of about 1 hour. The majority of the gains taking place in under 25 minutes.  Insane price movements every day being created by computer generated trading in a highly volatile market marked

2/2: Bearish kicker pattern over the last two days where there was a strong green candle yesterday followed by a gap below the price range and a push lower today. But more so, I am interested in the massive head and shoulders pattern on the weekly chart that goes back more than a year, as