October was a hard market for the bulls, but their time may finally have arrived. The latest installment of the SharePlanner Reversal Indicator shows that the bulls have finally managed to trigger a bullish reversal. The previous two times this happened at extremes, the reversals were short lived and failed [...]
Yeah, it’s a nice two day bounce the stock market is experiencing yesterday and today. But don’t take it for granted because a lot of the stocks you’d think would be rallying, simply aren’t. […]
Overall the week has been a good one for the market, and it’s much needed, following its flirtation last week of a break of the 200-day moving average (SPX). Honestly, I thought this week’s rally would have fixed a somewhat problematic trend developing in the SharePlanner Reversal Indicator, but it [...]
The SharePlanner Reversal Indicator (SPRI) is looking much more bullish these days. However, I believe in order for it to be taken the least bit serious, it needs the S&P 500 to push through resistance and on to new all-time highs. […]
Bullish Trend Reversal Signaled In somewhat of a surprising development following yesterday's hard sell off from the day's highs, the bulls are managing to put together a bullish trend reversal on the SharePlanner Reversal Indicator. That's actually quite impressive considering where the market has been over the past few weeks. [...]
Reversal Indicator closing in on a bullish reading While the current state of the SharePlanner Reversal Indicator is trending bearish, this week’s reading shows that the bearish jitters the market has been experiencing of late could be coming to an end very soon. In fact, when you take a look [...]
SharePlanner’s Trend Reversal Indicator hitting extremes here Over the past 8 years of the bull rally, just reaching a bearish extreme has been, in large part, a difficult task to pull off. But we have that now, and the bearish trend reversal indicator, from a textbook standpoint, should hover here [...]
