Technical Analysis: Another day for the S&P 500 (SPX) where it manages to close with a doji candle pattern. The market, as has been the case all year long, shows some willingness early on to sell-off, only for the dip buyers to bail it out before the end of the day. Volume [...]
Technical Analysis: On the only attempt at a move lower last week by the S&P 500 (SPX), the dip buyers re-emerged and bounced the market off of its 5-day moving average. Friday’s slight sell-off ended SPX’s 4-day winning streak. Short term, the market is undoubtedly overbought. Volume on SPDRs S&P 500 (SPY) saw [...]
Technical Analysis: Massive rally yesterday across the market landscape on the news that FBI didn’t consider Hillary Clinton a criminal. Essentially one day to the upside erased 6 of the 9 down days the market had recently experienced on the S&P 500 (SPX). However, this is a meaningless rally in [...]
Technical Outlook: Yes, for an 8th straight day, the S&P 500 (SPX) sold off. The expectation of a bounce is strong here, and quite surprising we haven’t even seen any significant attempts at it yet. Last time SPX was down 8 straight days was in 2008. The most troubling aspect of this [...]
Technical Outlook: S&P 500 (SPX) continued its sell-off yesterday for the seventh straight day, and the nineth time in the last ten days. More importantly, SPX broke key psychological support at 2100 yesterday. Considering SPX is down seven straight days, it is extremely light that the market is only down -2.5% [...]
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Technical Outlook: Yesterday, S&P 500 (SPX) sold off for the fifth straight day with a dive in the final minutes of trading. Despite trading lower for 5 straight days and 7 out of the last 8 days, the S&P 500 is only down 18 points, or less than 1% (2144 down [...]
Join the SharePlanner Splash Zone and start trading with me to see for yourself what a membership to my service can do for your portfolio. Sign up for a Free 7-Day Trial – with your subscription, you will get each and every trade that I make with real-time text and email alerts [...]
Join the SharePlanner Splash Zone and start trading with me to see for yourself what a membership to my service can do for your portfolio. Sign up for a Free 7-Day Trial – with your subscription, you will get each and every trade that I make with real-time text and email alerts [...]
This shouldn’t be any surprise for traders following the Apple (AAPL) product launch of the iPhone 7 and whatever those wireless earbuds are that has Apple groupies all excited. Since Steve Jobs’ death, every time we have one of these “new product” unveilings, the stock sells off unapologetically. Why? Because [...]
The S&P 500 (SPX) is down for the month, meanwhile, traders in the SharePlanner Splash Zone are trading with profits. The market has frustrated traders across the spectrum with its mind numbing and dull price action, but in Splash Zone, I have managed to add another month of profitability. Here [...]
I came across this stock today in my scans and my gosh, it could be the single worst and most bearish stock chart out there right now. It is Bank of the Ozarks (OZRK) and it is U to the G to the L to the Y, UGLY. Here it [...]
