Trading

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 averages. Enthusiasm on the

Technical Analysis: Strong move from the market yesterday, with the S&P 500 (SPX) rising another 0.5% and just six points away from new all-time highs.  Currently SPX is underway on the second leg of the bounce that began last week. If it is anything like the Brexit bounce it should still have more room to run

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: 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

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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

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 (international too) as well as

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 to 2126), which is utterly

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 (international too) as well as