Sideways Market

Technical Outlook: Friday marked the end of a very dull trading week for the S&P 500 (SPX) which only traded in a 25 point range and saw a weekly change of only 0.18 points. SPX continues to find support at the 20-day moving average and refusing to close below it.  SPDRs S&P 500 (SPY) volume actually

Technical Outlook: Yesterday marked the second biggest sell-off on the S&P 500 (SPX) since the Brexit sell-off, shedding 12 points.  Volume on SPDRs S&P 500 (SPY) was slightly higher than the prior day's volume but still extremely weak and well below recent averages.  Second straight day where dip buyers have not come in and rallied the market into

Technical Outlook: A horrible jobs report, the worst since September 2010, led to a hard sell-off initially for stocks, but keeping with tradition, saw about 70% of the day’s losses recovered by the close.  Despite news that would suggest an economic slowdown is underway, stocks simply cannot pullback and hold those losses into the close.

Technical Outlook: Strong open yesterday that was erased gradually as the day wore on resulting in a lower close.  SPX dropped below the 20-day moving average again.  Declining trend-line off of last July's highs remains a continuous level of support for the market. Possibility that the price action over the last two weeks has formed

Technical Outlook: SPX had a heavy sell-off yesterday and took price action below the 20-day moving average (just barely) at the close for the first time since the market rally started on February twelfth.  SPY this morning is looking at a significant gap up to reverse yesterday’s losses, adding to the narrative of an