Today’s Trading Plan: Another Run At All-Time Highs

2016-09-29T08:43:53-04:00September 29, 2016|

Technical Outlook: Bulls managed to string together two successful days of trading that will now put price right below the declining trend-line on the S&P 500 (SPX) downward trend-line off of the all-time highs that was achieved back in August.  Volume on the SPDRs S&P 500 (SPY) actually increased yesterday and was well above [...]

Today’s Trading Plan: Bounce or Drop Time

2016-09-19T09:00:36-04:00September 19, 2016|

Technical Outlook: A sell-off on Friday on S&P 500 (SPX) but ultimately saw the dip buyers rescue it off of the lows of the day during the last two hours of trading.  It was an “inside” day on the candles, where price action was captured inside the trading body of the previous [...]

Today’s Trading Plan: Attempting a New All-Time High

2016-09-07T06:47:15-04:00September 7, 2016|

Technical Outlook: A relatively low volume, flat day of trading in S&P 500 (SPX) until the final 30 minutes where the majority of its gains were acquired.  SPX is now turning bullish again, although it is still stuck in a short-term trading range. New all-time highs are within arm’s reach, and to [...]

Today’s Trading Plan: This Time Bad Employment is Good

2016-09-02T08:44:22-04:00September 2, 2016|

Technical Outlook: Another sell-off yesterday, another ramp into the close. This time the bulls wiped out 15 points in losses on S&P 500 (SPX) to close the day flat.  As a trader, this is not the kind of market environment that you want where price simply reverts to the mean. You [...]

SharePlanner Reversal Indicator: Confirms All-Time High Breakout

2016-07-13T15:22:37-04:00July 13, 2016|

Last week I wrote about there being some confusion on the SharePlanner Reversal Indicator. There were multiple reversals within a short time frame, and direction wasn’t entirely clear. With this week’s breakout to new all-time highs though, that confusion I spoke of, can be put to rest now. The direction [...]

Today’s Trading Plan: Setting Up to Test All-Time Highs

2016-06-09T08:07:05-04:00June 9, 2016|

Technical Outlook: Choppy price action that finished strong into the close yesterday, and pushed above the highs established at 2116 in November of 2015.  A higher-high is clearly established off of the February lows now.  SPX is now setting up for a test of the all-time highs. A 1% rally [...]

One Last Check At The Futures Before Bed Time

2016-06-07T00:05:10-04:00June 7, 2016|

For the sake of all things sacred, have this market do something significant! Something that matters! Because for the past two years this market has been a worthless heap of crap that can't trend in any direction that can be sustained for any significant amount of time.   While I [...]

Almost Time to Short Uncle Warren

2016-06-01T15:41:35-04:00June 1, 2016|

Yes, I am speaking of the Oracle of Omaha – Warren Buffett.  When it comes to technical analysis, I could care less who you are, if there is a trade setup,and it happens to be one where the risk is manageable, then yes, I will short you.  […]

Today’s Trading Plan: Correcting Through Time

2016-03-29T09:00:41-04:00March 29, 2016|

Technical Outlook: SPX traded flat yesterday on extremely weak volume – the weakest volume day of the year.  SPY volume was only 10% higher than what was seen on Christmas eve.  For the bulls the recent selling isn’t overly concerning as it extremely shallow and light volume.  The 5-day moving [...]

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