Wait Then Strike
Monday’s slight distribution is followed by Tuesday’s accumulation. With a week-and-a-half to go in the year, we continue to see the market as cautionary for buyers, and see no reason to do anything. And yes, Read More …
Monday’s slight distribution is followed by Tuesday’s accumulation. With a week-and-a-half to go in the year, we continue to see the market as cautionary for buyers, and see no reason to do anything. And yes, Read More …
Major indexes and sectors struggle under their averages. But with selling volume potentially drying up there’s a bit of hope for the Bulls to finish the year strong. The Follow Through Day (FTD) from two Read More …
The Dow and S&P 500’s look vulnerable just under their 50-day averages, but we have to give them the benefit of the doubt as volume indications tell us they’re being sponsored by the institutions. But Read More …
A wild day for the The S&P 500 spells out a technically bullish performance after accumulation sets in. But from a Tape Readers perspective we see today’s action as not that supportive of the Fed’s Read More …
Heavy distribution on the back of the Fed’s annoucement gives warning. But the true trend of Fed reactions is usually clearer the day after the announcement. While we have a bullish Follow Through Day in Read More …
The S&P 500 ragains its 50-day moving average. Our bias turned Bullish yesterday as the Nasdaq and Russell 2k put in Follow Through Days. This tells us institutions are willing to sponsor the market. All Read More …
The Nasdaq and Russell 2K each rallied more than 1.7% on heavy volume to qualify for a Follow Through Day. This means insititutional buyers are in support of this market. The path of least resistance Read More …
A modest pullback at the S&P 500’s 200-day moving average comes on light volume. That’s good news for the Bulls who want to see selling volume dry up. What’s important now is not to over-analyze Read More …
Friday’s high volume marked good support for the market, but not exactly a Follow Through Day. But Investors’ Business Daily sees things differently as they have changed their criteria for an FTD by counting their Read More …