Reversal

Is it time to reverse for the market or will we keep trucking higher? I came into today knowing that the bulls had to hold the 20-day moving average. That has been a level of support for them of late, and if they blew through it, that things could certainly get dicey.

The bulls have a change in the reversal indicator Up until this week, the SharePlanner Reversal Indicator, had been pointing lower, but if you remember last week, I mentioned that we would probably get a bullish signal on the reversal indicator. 

SharePlanner Reversal Indicator is wanting to reverse for the betterment of bulls. It is the rally that won’t quit, but don’t mistake that for believing that it is somehow “different this time” – because it is not. 

There are so many opposing forces fighting each other in the market that determining the ultimate direction it will take is almost futile in its undertaking.  The Fed and BOJ refuses to let this market drop for even a half day. But you have real concerns with Deutsche Bank (DB) tinkering with utter collapse in

The SharePlanner Reversal Indicator is sitting on extreme bearish levels, that at some point will lead to a bullish reversal or hold out at these levels for another 2-3 weeks.  We did, with the sell-off from last week get a test of the 2120 level and the market has, up to this point, held that

Seeing a sharp bounce at the extremes on the SharePlanner Reversal Indicator. That is a bit surprising to me, because with the market range-bound for the past two months and showing no signs of wanting to break it, I would have guessed it would have stayed at the extremes for 2-3 more weeks, barring a

The SharePlanner Reversal Indicator is right near the extremes, but I’m not expecting an upside reversal anytime soon, and if the month of September is anything like what we just experienced in August, then I can assure you that it won’t move.  The market has yet to move this month and is one of the

I guess it has come to this: that the market can only move up or down when Janet Yellen gives it permission to. Whether it is a speech, minutes, FOMC statement, or one of her minions on the prowl, the market refuses to acknowledge anything else.  Here we are with another week and the market

As with any bearishness over the years, it has to be taken with a grain of salt. If the market drops hard, then a hard bounce is right around the corner, and if the market sells off slowly but surely, the gains that could have been made by shorting it, will hardly be worth it.

The market is in a funk right now. Friday’s employment number gave a lot of traders hope that the market would make its way quickly to 2200, but that has not been the case, and is now on the verge of giving back all of last week’s gains. There are a number of moving