Recent Entries

  • Rules Of Gravity

    Naz 5,000, now the pullback. Gravity rules. Up trend remains strong. Multiple distribution days, including a small one Wednesday, create some hesitation. Perhaps we’re in the midst of a pullback to the 50-day SMA’s. This blogger was a self proclaimed genius the last time the Naz hit 5,000. Collapse of the tech bubble made fools […]

  • chugalug

    Major indexes inch higher. Volume patterns favor bears. We’re staying neutral. Positions Update: 20% target on WCIC hit. Cash register rung with half the initial position. Homebuilder fundamentals and techinicals bullish until proven otherwise. Stay tuned.  

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 […]

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