SharePlanner

The weekly read of the SharePlanner Reversal Indicator is still pointing lower.  Though we are starting to enter the more “mature”phase of the indicator. Sometimes this is where if there has been some heavy selling already, it can start to show signs of slowing down.  Problem with this market, is that despite being lower for

It shouldn’t be a surprise to anyone that the market is trying to sell-off today following yesterday’s beautiful rally. We are in that area of the charts where every rally over the last two-plus years has stalled out at.  So yes, expect rallies in the 2040 to 2138 range to continue stalling out until it

If you remember from two weeks ago, the SharePlanner Reversal Indicator had gone from flashing a bearish signal to another bullish signal.  The problem was that this signal was at the top of the range and I had my doubts about its legitimacy. Fast forward to today, where the market is working on its second

The bearish reversal signal that the SharePlanner Reversal Indicator flashed earlier this month seemed a bit premature as it has reversed back up and stopping the reversal from ever starting.  When you get that quick of a reversal following another reversal, it is safe to say that the original reversal never actually reversed (say that

SharePlanner Reversal Indicator is trying to point north again.  However, no confirmation has occurred, but it won’t take much for it to do so if Friday results in a significant rally or we have another similar rally next week to what the market has become accustomed to of late.  Not factored into the Weekly SPRI

It is one of those rare occasions where the SharePlanner Reversal Indicator for the Daily and Weekly time frames coincide with each other at the exact same moment. As of this morning, both the charts are flashing reversal signals for the market.  Now it is worth remembering that there are two types of reversals –

We had a very light and shallow sell-off last week, and sometimes that is as good as you will get in a monster rally like we are in.  When the bears have every opportunity to kill a rally and pull the market back some and they fail to do so, that isn’t the time to

When you’ve had the rally that the market has had the past five weeks, you start to become guarded when it comes to risking too much of your capital on gains that will be difficult and hard fought going forward. But then day-after day, the bulls keep rallying the market off of the lows of

When you’ve had the rally that the market has had the past five weeks, you start to become guarded when it comes to risking too much of your capital on gains that will be difficult and hard fought going forward. But then day-after day, the bulls keep rallying the market off of the lows of

Alright folks. This market isn’t giving and it isn’t taking away either.  The bears find motivation overnight only to see it quickly dissipated within the first 30 minutes of each trading session.  The bulls make a nice comeback, but there’s nothing being added to the recent gains the market has put together. Instead it just