Bull’s Up
Posted on | January 3, 2012 | No Comments
We’re back for the New Year. Let’s get down to business.
Strong accumulation this Tuesday says institutions may be stepping up the plate.
Let’s see how we handle the highs made last Fall. This is the Bull’s first test of resistance.
We’re off to a great start.
U-Turn
Posted on | October 4, 2011 | No Comments
A decisive u-turn off yearly lows qualifies as a key reversal day for the major indexes.
New lows beneath key support lines usually triggers heavy selling, often draining the market of that supply, which opens the door for Bulls to come in and move the ball higher.
Think of this as a the Bear’s train running out of steam, or better yet, the herd getting slaughtered, which is pretty much the norm in market action.
But how long today’s late-day rally can last is to be determined.
Should we rally from here, we’ll want to see heavy buy volume come in as a show of confidence from institutions for higher prices.
High-Vol Clash
Posted on | September 29, 2011 | No Comments
Accumulation for the Dow and S&P was offset with Distribution on the Nasdaq.
We’re giving the Bear the edge for the day. Leadership of key price lows on the major indexes very often comes from the tech names found in the Nasdaq.
We’ll stick to our Seller’s Edge bias unless we get further confirmation of institutional grade buyers taking bets on the long side.
Market Bias
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Buyer's Caution
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