Reversal

After a brief period of excitement in the market, when it sold off 1% yesterday, the S&P 500 (SPX) is back to its boring ways from the past few weeks and now trading in a very narrow, intraday range that is leaving traders with little to talk about.  I personally want to see how this one shakes

With the FOMC behind us, the market can breathe a sigh of relief that there wasn’t a surprise interest rate hike. But really the overall market reaction to the news was more “meh” than anything else.  With that said the Weekly SharePlanner Reversal Indicator is now hovering at extremes. If you get my morning analysis

I know a lot of people believe that the current market rally is unsustainable, and at its current trajectory it probably is. But that doesn’t mean it can’t flatten out some through time and put together a more 45-degree-ish kind of rally that can sustain itself into the elections.  Remember, the market has essentially gone

Last week I wrote about there being some confusion on the SharePlanner Reversal Indicator. There were multiple reversals within a short time frame, and direction wasn’t entirely clear. With this week’s breakout to new all-time highs though, that confusion I spoke of, can be put to rest now. The direction issue has resolved itself on

The SharePlanner Reversal Indicator rarely behaves this way, but following the Brexit vote, this indicator has been all over the map. It seems at this point the indicator needs to ground itself, and the best way to do that is to distance itself from the Brexit shenanigans, and the only way to distance itself is

The SharePlanner Reversal indicator suggests the bulls might not be out of the woods just yet. This week it is flashing an early reversal which really comes as no surprise following the massive sell-off on Friday and then again on Monday after the Brexit vote. Now the market is on an impressive two day rally

SharePlanner Reversal Indicator starting to show some ugliness on the weekly chart.  By the way, before I forget, if you want to get the Daily SPRI delivered to your inbox each morning, sign up for my free market newsletter that I send out each morning before the market open. I guarantee you, for the free

The SharePlanner Reversal Indicator on the weekly chart still suggests that there is strength still remaining in this market, but that the strength is starting to fade. Looking at the weekly below you can see how the slope of the SPRI is fading off to the right a bit there by flashing signals that the

We are at the place where rallies go on to die.  The SharePlanner Reversal Indicator has a full-on bullish reversal underway.  And it is in the early stages of the reversal. 

It is like the toddler who is pitching a fit and won't go to bed but can't manage to keep his eyes open either.  That is what we are dealing with in this market - it won't allow itself to sell-off but can't find the momentum either to push price higher and ultimately through all-time