Slop, that is what this the last few days have produced. The market gapped up big last Friday climbed its way higher on LOW volume to resistance at 137.86 only to gap down lower on Friday. At this point the market is playing...
Read MoreThe Chart of the Day… Quick Glance at the Market Heat Map and Industries Notables: Consumer Goods fared the best, followed by utilities. Technology was a disasater with a close second in Basic Materials. Read...
Read MoreFurther to my last weekly market update,this week’s post will take on a different format. This may be a more useful and simple format for me to use on a weekly basis instead of the previous lengthy ones that I’ve...
Read MoreMarket is looking ready for an end of day run in my honest opinion. There is a good possibility that it will trap those who went short under 134.90 (20ma). That is my perspective. All it needs to do is go over 135.17 with some...
Read MoreThere’s a couple of caveats I’ve got to mention first here. The first, I’m not looking to add any short positions to my portfolio, because there’s not a significant breakdown at this point in the indices,...
Read More$SPY doing everything I expected and more. I am being very patient, and ready to go long soon. It is not gong to be a multiple day kind of long action, but going to try to pick the ones with the biggest possibilities. I am...
Read MorePre-market upadate (updated 9:00am eastern): European markets are -0.8% lower. Asian markets traded -0.4% lower. US Markets are nearly 1% lower ahead of the opening bell. Economic reports due out (all times are eastern):...
Read More$SPY taking a huge hit this morning as traders are selling the news, even though The unemployment numbers came in line with just 10,000 shy of estimate. Unemployment stays flat at 8.2. I think this is very positive, but an...
Read MoreSharePlanner Compass: Uptrend still intact – though we may get a pullback in the days ahead, it isn’t abundantly obvious at this point. Quick Glance at the Market Heat Map and Industries Notables: Financials and...
Read More$SPY trying it’s best to stay above 137, but many good runners lost their shoes and gave back some significant value. If we can’t close above 137.09, we might have some trouble going into tomorrow’s number....
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