Forget about the Follow Through Day (FTD) from last week. Just as it looked like institutional players were leaning toward gathering a net-long bias, Congress had to fall short of passing the bailout package for Read More …
The market is likely in for some rough trading this week as the bailout package from Congress tests waters with its planned signing. Media pundits are saying Treasury Secretary Paulson‘s plan could either fix or Read More …
The market got a vote of confidence Thursday as heavy buying supported an almost 2% upside move on the S&P 500. The move counts as a legitimate Follow Through Day (FTD.) While we recognize market Read More …
Lots of interesting chatter over the health of the market. But only the market will decide who’s right and wrong. Our strategy is one of patience. We don’t pounce until we know things are stacked Read More …
The S&P 500 has posted two accumulation days this week. That’s right, heavy buying amidst all the panic! Thursday’s high-volume turn around is characteristic of a bottom (whether that be for the long or short Read More …
Monday’s honking distribution day with the S&P 500 down nearly 60 points is just the beginning of more downside – or the end of it. We’re inclined to believe the market is in a longer-term Read More …
Heavy selling sends the Bulls running for cover. September is historically a bad month for the markets. We’ve changed our bias to bearish. We also expect volatility to pick up. The majority of sectors are Read More …
Two days of distribution lead-off the S&P 500 for September, which is traditionally one of the market’s weakest months.. We’ll hoist the Red Flag sellers’ bias once the 50-day MA is broken with a close Read More …
This always kills us. The so called gurus of the media who make a living writing about what we should be investing in can’t even hit better than even as a group…
