Recent Entries

  • Shattered

    No attractive long setups in this crop. Gotta be a bear. Key thing with this list of top sales and earnings growers is they’re all beaten  with shattered technical patterns. This means we’ll see some real gems evolve once a floor is found. Watch the broader market for clues of stabilization. Util then, look out […]

  • No Time For Longs

    Things have turned ugly in post Fed-speak trading. It’s the day after a Fed meeting that carries more significance than knee-jerk reactions. Bears are confident as price action now points down. Though Wednesday’s huge upside day put the fear of the almighty Bull into shorts. Setups to come.

Chart Watch

  • The Russell 2000 is all alone under its high mark as the Dow, Naz and S&P 500 hit fresh breakouts. Our attention is focused on this small cap index because 1. That’s where we often find the best growth stocks and 2. This is a former leader in the recent bull market, so could be […]

  • S&P 100 options traders are complacent, according to the VIX chart above. This Point & Figure interpretation of the indicator, with all the X’s and O’s, cancels out the noise of traditional charts by only marking significant moves. Clearly a breakdown to record lows makes a counter move up inevitable, which means selling is on […]