Recent Entries

  • Bear Shout Out

    Honking distribution day Friday, the kind of thing to trigger a sustained sell off.  The 50-day moving averages are in play on the majors. We’re holding a Neutral Bias, though will shift down to a full Bear stance if we get consistent closes below these marks. Homebuilders are showing relative strength, especially our lone long […]

  • Hanging Tough

    Growth Stocks, as our group of screened, top performers indicates, are holding firm. This is to be expected as the broader market maintains its bullish qualities, quiet as they are. Nothing stellar enough for a buy this week. Take the overall durability of this group as another sign that the broader market is in decent […]

Chart Watch

  • Homebuilders are back. This blogger’s anticipation of an industry wide breakout soured after a couple of less than rosy outlooks from key companies sent investors into defensive mode. That big, fat red volume bar tells us more than a few paws got burnt trying to play it. But the setup is back and poised better […]

  • 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 […]