Nasdaq 100 (QQQ)

My Trading Journal for the Stock Market Today:  I'm pretty sure we are at that point where, "how many days can the Dow push higher", has become irrelevant. Lets just admit it, we are in the Phantom Zone at this point. We can decline 1% today is probably less likely than us running higher for another

Technical Analysis: The S&P 500 (SPX) took a breather yesterday when it decided to sell-off ever so slightly.  The 5-day, 10-day and 20-day moving averages on SPX are converging and offered an excellent support level for the bulls to bounce off of yesterday. Watch that level of support, again today.  Light Sweet Crude Oil Futures

Technical Analysis: A much cleaner trading session for the bulls, as the market opened and rallied higher on the day, leaving little doubt as to who was in control during the session.  Biotechs saw a solid push higher yesterday which provided the market with a solid floor to work from.  Nasdaq (COMPQX) looked re-energized

Technical Analysis: A sell-off yesterday that was hardly a sell-off for the S&P 500 (SPX). Price fell by 0.66 points or 0.03%. Essentially it was a day of sideways price action.  SPX found support right at the 20-day moving average yesterday by forming an indecisive doji candle just above it.  Volume fell off some yesterday

Technical Analysis: Yesterday marked the twelfth consecutive day in which S&P 500 (SPX) was stuck in a sideways trading range of 29 points.  Today is the beginning of the 5-day trading even traditionally known as the Santa Rally, which encompasses the last three trading sessions of the year and first two trading sessions of the new year. 

Technical Analysis: Christmas volume starting to kick in yeserday as the S&P 500 (SPX) barely moved and gave up most of its gains on the day.  SPDRs S&P 500 (SPY) volume fell off dramatically yesterday, coming in below average and at the lowest level seen over the last 9 trading sessions.  The CBOE Market Volatility Index (

Technical Analysis: The S&P 500 (SPX) keeps marching higher with little resistance to counter its momentum, rising another 14 points towards the goal of 2300.  Even more so, the Dow Jones Industrial Average (DJIA) is up 22 of the last 26 days (over 84% win rate) and has made new all-time highs 7 days in a row.  Despite

Technical Analysis: Wow, what a rally, yesterday. Honestly, I don’t think anybody came into the trading day thinking that the Dow Jones Industrial Average (DJIA) would pop off 300 points or that  the S&P 500 (SPX) would rally nearly 30 points. Nonetheless it did, and is why you always have to be prepared for any and all situations as

Technical Analysis: Third straight day of higher gains for S&P 500 (SPX) after successfully holding support at the 2190 level. An intraday test of the 10-day moving average resulted in an immediate surge in price that lasted throughout the rest of the day for SPX. Russell 2000 (IWM) saw record highs yesterday after completely erasing a 5-day decline

Technical Analysis: The S&P 500 (SPX) did little to nothing on Friday as price maintained the status quo while also upholding support at the August 2016 highs.  There exists still the potential for a test of the 20-day moving average.  Volume on SPDRs S&P 500 (SPY) fell for a second consecutive day, and came in below recent averages.