Nasty!
Nasty! When the S&P 500 cruised to a new multi-year low Wednesday it knocked out a bullish reversal day. Longs betting a bottom was in place have been torn a new one. Logic says down Read More …
Nasty! When the S&P 500 cruised to a new multi-year low Wednesday it knocked out a bullish reversal day. Longs betting a bottom was in place have been torn a new one. Logic says down Read More …
We can’t be surprised to see the major indexes cut new lows before turning around and giving a strong rally on heavy buying. It’s called a Key Reversal Day, and when it happens at key Read More …
That’s two days of Distribution in a row for the S&P 500. Nothing to suggest it won’t go any lower. And no sense over analyzing things. We’re just happy we’re in cash…
That heavy selling Thursday is what we call distribution. We have evidence that suggests institutions are unloading, giving way to the Bear’s cause. And for those of you who were watching the intra-day price action, Read More …
Post-election were still in the camp that says Follow Through Days (FTD’s) give us increased odds of a sustained rally. FTDs, for those who don’t know, are high volume days after a potential market low Read More …