Stocks

Technical Analysis: S&P 500 (SPX) took a breather following the previous day’s gains. Despite selling off, the market only finished 3 points lower, and formed a doji candle inside the previous day’s candle body.  The 5-day moving average held up well yesterday following a test of it. The last four trading sessions have seen tests and

Technical Analysis: Big day for S&P 500 (SPX) as price broke out of its 3-day doji-range and pushed to the upside.  SPDRs S&P 500 (SPY) saw its volume drop for a fourth consecutive day and fall below recent averages.  The 5-day moving average continues to hold strong for SPY as it has tested and bounced each

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 on SPDRs S&P 500 (SPY) fell

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 a massive drop-off compared

Technical Analysis: S&P 500 (SPX) has risen for a fourth straight day (before that it had dropped nine straight days).  SPX had a massive doji candle that formed yesterday, that puts into question the sustainability of this current rally.  Even more perplexing, the Dow Jones Industrial Average (DJIA) was up 218 points, while Nasdaq Composite Index (QQQ) was down

Technical Analysis: Massive move yesterday considering the market was in a limit down scenario on the futures market in the early morning hours. Reversal saw defense, biotechs, banks and infrastructure soar with a Donald Trump Presidency.  One area of concern is the massive volume spike seen on SPDRs S&P 500 Trust (SPY) as these isolated

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 the grand scheme of things,

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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 decline is how light it

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% during that time.  Considering the