S&P 500 is off to a respectable start on the most bullish week of the trading year. Historically, Thanksgiving tends to be a good week for traders. Low volume, but by-and-large, it tends to perform most consistently to the upside than any other trading week of the year. [...]
Technical Analysis: For the past eleven trading sessions, the S&P 500 (SPX) has traded in a sideways trading range. This isn’t unusual for this time of the year as the volume dries up and the big players on Wall Street head to the Hamptons and neglect the market. Tomorrow will formally start [...]
Technical Analysis: Strong rally on S&P 500 (SPX) yesterday to jump start what is historically a bullish week of trading. As has been stated in previous trading plans, the 5-day moving average continues to remain intact for the market as well as being tested on a daily basis. Volume on SPDRs S&P 500 [...]
Technical Analysis: Inside day (candle body contained inside the previous trading day’s body) of trading yesterday on S&P 500 (SPX) yesterday, that kept the current uptrend intact. The 5-day moving average held strong on Friday. Volume on the SPDRs S&P 500 (SPY) increased for a second straight day, but still remained below recent [...]
