Volatility

My Trading Journal for the DJIA Today:  Nasdaq still doesn't look so bad, Russell index does look pretty rough, the S&P 500 is giving up all of Wednesday's market rally, but the DJIA today managed to hold that 10-day moving average with a three day pullback that was quite shallow in nature. If it holds tomorrow,

My Trading Journal for the Stock Market Today:  SPX did what it does best following a morning sell-off, and that is, to buy the freakin’ dip. (‘BTFD’ for those looking to add another acronym to their life). Support that I marked in the chart below on yesterday’s trading plan identified this as a potential bounce area.

My Trading Journal for the Stock Market Today:  Futures pointing lower, markets like the dip still. It seems like a recipe for a buying opportunity, but remaining disciplined in an undisciplined trading environment still requires that you maintain stops, keep them manageable, and don't come unglued when the market does not act the way you expect

My Trading Journal for the Stock Market Today:  I’m not talking about the speech itself, though I did think the speech was a pretty darn good one, and blew away everyone’s expectations. But I am talking about whether the Trump Rally itself can follow through into additional gains tomorrow. History says, “Sure”. I mean C’mon, the

My Trading Journal for the Stock Market Today:  I'm pretty sure we are at that point where, "how many days can the Dow push higher", has become irrelevant. Lets just admit it, we are in the Phantom Zone at this point. We can decline 1% today is probably less likely than us running higher for another

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

Technical Outlook: Major reversal on Friday’s price action when the market went from being firmly in the green, to instantly into negative territory on news that Hillary Clinton’s email investigation was being re-opened.  This creates some fresh volatility for the market as it had seemed, until Friday’s news, that it was comfortable just remaining dormant

Technical Outlook: S&P 500 (SPX) dropped for a third consecutive day yesterday. If the market sells off today, it would mark the first time since June 15th that SPX sold off four straight days.  On the volume side, SPDRs S&P 500 (SPY) saw a third straight day of rising volume and came in at average levels.  GDP

Technical Outlook: S&P 500 (SPX) reversed Tuesday’s rally and closing at the same price level SPX closed Friday at.  The volume on SPDRs S&P 500 (SPY) increased yesterday, when compared to the day prior, and more than double the daily average.  The daily bands on the market continue to expand after exhibiting historical tightness, and

The market is actually seeing a mild amount of selling today, even though it really isn’t anything to really brag about. S&P 500 (SPX) is back below the 20-day moving average which has been key to a sell-off all along.  You have to be careful about not adding too many shorts at this point