More conviction…
So we’re hanging in here. Our Follow Through Days (FTDs) on the Dow and S&P 5oo from a couple weeks ago have stuck. There’s good evidence of institutional support for this market. Now we need Read More …
So we’re hanging in here. Our Follow Through Days (FTDs) on the Dow and S&P 5oo from a couple weeks ago have stuck. There’s good evidence of institutional support for this market. Now we need Read More …
Just as the market peers toward another new low – BAM! – it’s a mega rally. Our Follow Through Day (FTD) in the books from a few weeks ago will hold as long as Tuesday’s Read More …
Well it ain’t pretty. As the broader market struggles to catch a bid, the majority of sectors are finding new multi-year lows, or coming close. The S&P 500 is down about 45% from its peak Read More …
It’s heavy buying accumulation on the heels of heavy selling distribution. (If you don’t know what this means read “How To Make Money In Stocks” by William O’Neil.) But there’s no doubt what our underlying Read More …
Everyone wants to call a bottom. While there’s obvious attraction in buying as low as you possibly can, few actually succeed. What trades lower usually trades lower, and what trades higher usually trades higher. The Read More …
Well wudayaknow? A Follow Through Day (FTD.) All bull markets have begun with an FTD, but not all FTDs lead to bull markets. The FTD tells us institutions may be taking aim at the long Read More …
Worst day since 1987. But doesn’t feel as bad as last week’s. Probably because it wasn’t a new low. A lack of volume gives indication of less conviction from the Bears. But we’re not going Read More …
After Monday’s massive move (the biggest on record for the SPX), we close Tuesday with a small loss. Key now is volume. It’s a problem for Bulls that Monday’s move wasn’t on heavy volume, and Read More …
Magazine Covers. As traders we know how often they mark the ends of trends. Growth companies that reach the front page of Forbes and Fortune usually hit a peak. Everyone that’s going to buy has Read More …
The market can’t catch a bid. Heavy selling across the board has been indiscriminate, which kills our outlook for Growth Stock buys. We’ve been fortunate to have been maintaining a cash bias. While the market Read More …