We’re looking for a bounce on the major indexes, and it’s likely to happen near current price levels as the 50-day moving averages come into play as downside targets. These technical bounces, or even lack of, at key levels such as the 50-day moving averages tell us a lot about the strength of the Bear. Unanswered [...]
–> Buyer’s Caution We’ve shifted our bias down to Buyer’s Caution as multiple distribution days, a lack of leadership and an expected seasonal shift in sentiment appear to have set in for awhile. This is our first bias shift all year. We’re happy to have been on the right side of the market for the [...]
Most of our year has been made with 3D printer stocks. And once again, we have Stratasys, Inc. (SSYS) poised to breakout. Growth is good. Technical condition is good. Market is a questionable. We’re taking on a small position here.
IBM may be coming to a short-term high as it flutters under its 50-day MA. The overall market is due for selling. That’s what we expect in May. The Bull run this year will lose it’s steam, eventually.