Too easy?
Charts like this that make the downward trend look all too easy are prone to fake outs. But our strategy has nothing to do with near term jerks in the market. We continue to hold Read More …
Charts like this that make the downward trend look all too easy are prone to fake outs. But our strategy has nothing to do with near term jerks in the market. We continue to hold Read More …
Another day, another conflicting signal. Wednesday’s distribution cancels Tuesday’s distribution. At this juncture it seems petty to view each day as meaningful. Let’s keep the big picture in mind, which shows a dominant trend down…
Nothing to suggest this market won’t go any lower… Institutions are clearly in selling mode with three days of clear Distribution over the last two weeks… THE GROWTH STOCK REPORT
We always love to point out how poorly the media whore stock pickers do. Here’s the latest take on Jim Cramer by Barron’s: “Cramer’s recommendations underperform the market by most measures. From May to December Read More …
Heavy selling on the day of the economic stimulus package being signed into effect doesn’t seem to bode well for the market. But despite some Technology names showing some subltle signs of a willingness to Read More …
The market didn’t like Treas. Sec. Geithner’s stimulus plan. Whether it was lack of details or a ‘sell the news’ scenario doesn’t matter. The fact is Tuesday’s heavy selling from instituitions sticks out like a Read More …
Heavy buying can only be taken as a positive. Any rally from here would also trigger short sellers to cover. But what’s really appealing is the Technology laden Nasdaq perking up with relative strength. Any Read More …
Though the market’s dominant trend is down, it’s been arguably trendless for the past four months as price-action meanders along. The longer the chart time frame, the stronger the measure in trend. As down remains Read More …