With two more days of distribution this week the market is telling us it’s not a buyer’s market. But we expect volatility to remain high, and would not be surprised by anything going forward. Thursday’s Read More …

Whip-lash Wednesday. The major indexes posted a fast turnaround to break a brief decline. No one can ever say for sure if this marks the bottom of a pullback, but our analysis has turned upbeat.

Red Flag

Heavy distribution on a “key intraday reversal” is a clear Red Flag for the market. We want to protect ourselves from further downside by setting stop losses. Basically any profit held should not be allowed Read More …

Intact, Trend Up

The Broader market remains firmly “trend-up.” Tuesday’s accumulation is a clear supporting factor, as is the market’s mild reaction to the traditional “earnings jitters” we often see before the reports start flowing in. Perhaps our Read More …

Range Bound

Another tight range-day for the broader maret. We’re maintaining a bullish bias with orderly pullback action suggesting eager sellers are absent. We are a little concerned over the lack of volume, but would be more Read More …