Pre-market update (updated 9:00am eastern): European markets are trading 0.4% lower. Asian markets traded 0.6% lower. US futures are slightly lower ahead of the bell. Economic reports due out (all times are eastern): MBA...
Read MoreThe Chart of the Day… from a really cool site called SocialTrade.com – Looks ready for a pullback if you ask me. Quick Glance at the Market Heat Map and Industries Notables: Technology was notably weaker than the...
Read MoreWe got ourselves a pretty nice sell-off into the close that took us from green-to-red on the day. Being how overbought we are when this occurred, coupled with the light volume, I think there is a better than average chance we...
Read More$SPy failing to hold the 141 level. So far as I write this, the $SPY just filled the gap from yesterday 140.77. The correct way is for this market to sell a bit. It should not be an extensive correction, just a breather....
Read MoreS&P has a nice head and shoulders pattern forming to the downside intraday, so we could see this market tank heading into the afternoon. Market needs a pullback – and that is quite the understatement. I like the...
Read More$SPY flirting with with VWAP 141.09. Backed up from today’s highs. Overall it is clear that the market is exhausted, most of the commodity names that were doing so well the past week, are not down significantly from...
Read MoreFinally a catalyst to make this market move. The move started as Europe strengthened the case for further stimulus measures from the region’s policy makers and following better-than-expected retail sales data in the United...
Read MorePre-market update (updated 9:00am eastern): European markets are trading 0.6% higher. Asian markets traded 0.7% higher. US futures are slightly higher ahead of the bell. Economic reports due out (all times are eastern): NFIB...
Read MoreThis week, my goal is to unveil to you a new aspect of the SharePlanner Pro Trading Platform each night. The features are unmatched anywhere else, and the ability to share, collaborate and benefit from each other’s...
Read MoreI noticed a possible head and shoulder formation on the $SPY a couple of minutes ago. Here is the chart. I share the sentiment with many other people I trade with that a pull-back is indeed in sight. There is only so many times...
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