spy-3

Bearish Wedge in the SPY is a Concern Here

in Stock Analysis by Ryan Mallory
Huge bearish wedge on the SPY that could pose a huge problem for traders in the near future. I wouldn't expect much out of this Thanksgiving week, as it tends to trade historically bullish. But coming back from Turkey-fest could see the market finally pick up its action to the downside. However, don't jump to conclusions and assume the sell-off will happen. Instead wait for the price action to come to you. Here's the SPY…
SPY-2

SPY Rising Channel Versus Bearish Wedge

in Stock Analysis by Ryan Mallory
You have two different patterns playing out here on the SPY. The stronger of the two is the rising channel that the ETF is currently trading in. A support test at 177 is likely if broken once the channel is broken. But secondly, you have a bearish wedge that will likely lead to the break of that rising channel. So at the moment, I consider myself to be…
SPY-1

SPY Consolidating, Two Price Levels to Watch For

in Stock Analysis by Ryan Mallory
Managing to still hold the 10-day moving average, the SPY continues to trade in a consolidated pattern between 1740 and 1775. Until one of these parameters are broken, there is no short-term direction for this market. With that said, based on historical bullishness of this market, I still continue to trade predominantly to the long side. Here's the SPY…
SPY

SPY 10-Day Moving Average A Problem for Bears

in Stock Analysis by Ryan Mallory
Not slicing through the 10-day moving average is a bit warning sign that we may see some more upside movement out of this market - much like we saw back in July. While I was bearish on this market for most of this week, I'm quickly losing patience waiting for the bears to drive this market lower like I know that it should if there was a respectable…
SPY 5 min technical analysis

5-Minute Head and Shoulders Chart A Huge Problem for SPY

in Stock Analysis by Ryan Mallory
SPY head and shoulders on the 5-minute chart over the past 2 days paints a problematic picture for the SPY. Below $174.11 SPY hits $173.50. Here's the analysis:
SPY Bearish wedge pattern still poses problems

SPY: Traders Beware

in Stock Analysis by Ryan Mallory
SPY is going to have some more room to run, but I am concerned that a pullback could ensue shortly after. The bearish wedge that is looming over it continues to cause concern for me. There is definitely another $3-4 that SPY can run from here with, but the closer we get to that point the more you need to scale out of those longs. Here's the SPY…
spy bearish move 10-8-13

SPY Breaking Major Long-Term Support

in Stock Analysis by Ryan Mallory
Listen, I'm not some doomsdayer, or person who tries to call the tops in the market. I take what the market gives me and as a result I have been long on this market for well over a year now, and hardly ever find a reason to short it. But today is a bit of a game changer. We break the 50-day moving average yesterday with the follow through today. Then…
SPX 30-min chart

30-Minute Head and Shoulders on the SPX Playing Out

in Stock Analysis by Ryan Mallory
Head and shoulders pattern in SPX where it is looking at a strong possibility of pushing down to 1672 to complete this bearish pattern. Here's the technical analysis on the 30-Min SPX:
SPY discussion 9-16-13

A SPY Visual and Some Short-Term Obstacles

in Stock Analysis by Ryan Mallory
Great gap up in this market today, but it has done absolutely nothing to build upon the day's gains and as it stands right now, we may start seeing some selling trickle in as bulls seem to be a bit nervous about the prospect of finishing the day above 1700. Also of concern are the two massive gaps that have yet to be filled in the short-term. Volume…
spx 30 minute chart

SPX 30-Minute Chart Has Serious Issues

in Stock Analysis by Ryan Mallory
Yup - that is a head and shoulders pattern, and by the look of it, its not looking good at the moment. Bulls need to step it up here!
SPX Hidden Support Levels

The Market's Hidden Support Level Holding

in Stock Analysis by Ryan Mallory
The market has pulled back for a third straight day - maybe that changes as the market heads for the close or maybe it doesn't. However, what is obvious to one looking at the 30-minute chart over the past month is this hidden support level that is gradually rising. Last time we dropped below it, we popped right back up above it. I'm thinking that was…
Money Flow for April Week 2

Money Flow for April Week 2

in SharePlanner by Ryan Mallory
This week's update will look at: 6 Major Indices 9 Major Sectors Commodities, Homebuilders, USD, & USB vs. Major Indices vs. Major Sectors 6 Major Indices As shown on the Weekly charts and the percentage gained/lost graph below of the Major Indices, the largest gains this past week were made in the Nasdaq 100, followed by the S&P 500, Russell 2000, Dow…
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Fuinhaz $SPY read for April 12 2013

in SharePlanner by Ryan Mallory
$SPY gaping down after some banks failed to deliver the so called impressive earning that everyone was expecting. To complete slap on the face, Retail sales dropped even though producer prices recorded their biggest decline in 10 months after gasoline prices tumbled. I personally have seen multiple charts screaming for a pullback, again as everyone…
More New Record Highs for the Dow and S P 500

More New Record Highs for the Dow and S P 500

in SharePlanner by Ryan Mallory
A better-than-expected report on initial unemployment claims brought new record highs for the Dow and S&P 500. A better-than-expected, 10.8 percent drop from last week’s revised total of initial unemployment claims brought new record highs for the Dow Jones Industrial Average (NYSEARCA:DIA) as well as the S&P 500. New record highs were reached during…
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Fuinhaz $SPY read for April 11 2013

in SharePlanner by Ryan Mallory
Another gap up, the infinite rally is on, and it will only stop when it got every retail investor on board for another extraordinary, monumental, legendary pull of the rug. Yes, it will happen, it will crush many people again but as long as traders, and institutions continue to thrive on their everyday activities, someone needs to pay for all of our…
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Fuinhaz $SPY read for April 10 2013

in SharePlanner by Ryan Mallory
And here we go again to try to make new highs. I think it is amazing that once the $SPY and the market in general reach a level where most traders see on their chart that the markets are overbought, but no one wants to look foolish and call it. You know what? I feel the same. Let's just watch this, and keep a note on the back of our mind, that for the…
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Today's Trading Plan: Breakout Attempt #2

in SharePlanner by Ryan Mallory
Pre-market update (updated 9am eastern): European markets are trading 1.2% higher. Asian markets traded 0.4% higher. US futures are slightly higher ahead of the bell. Economic reports due out (all times are eastern): MBA Purchase Applications (7am), FOMC Minutes (9am), EIA Petroleum Status Report (10:30am), Treasury Budget (2pm) Technical Outlook…
SPX, NDX RUT vs. Volatility Indices

SPX, NDX RUT vs. Volatility Indices

in SharePlanner by Ryan Mallory
The following 3 Daily ratio charts show that: the SPX is outperforming the VIX, but the ratio is at a major resistance level...the Momentum indicator has just turned positive above the Zero level the NDX is struggling to outperform the VXN, and the ratio is at a downtrend resistance and well below a major resistance level...the Momentum indicator has…
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SharePlanner Reversal Indicator: Buying Still Remains The Best Option

in SharePlanner by Ryan Mallory
Reversal Indicator shows any pullback will be small Even though I view the economy to be a royal mess and in my personal opinion and my belieft that the true value of the market should be no more than 2/3's of current value since the current value of the market is only as a result of the faith and backing of the Fed money machines, I cannot allow my…
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Today's Trading Plan: Same Song, Second Verse

in SharePlanner by Ryan Mallory
Pre-market update (updated 9am eastern): European markets are trading 0.4% 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 Small Business Optimism Index (7:30am), ICSC-Goldman Store Sales (7:45am), Redbook (8:55am), Wholesale Trade (10am) Technical…
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Fuinhaz $SPY read for April 9 2013

in SharePlanner by Ryan Mallory
$SPY another decent size gap, and no moving averages suggesting that there is nothing holding this market from making new highs. Still I believe that we are currently making a wide top that could last another 6 month to form entirely, and when it does, we are most likely to experience another major drop in the markets. Again this goes perfectly along…

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