Watch For A Pullback
Heavy institutional selling, or Distribution, Thursday stands out strong for the week. The market is telling us it’s lost some hunger for higher territory. Watch for a pullback.
Heavy institutional selling, or Distribution, Thursday stands out strong for the week. The market is telling us it’s lost some hunger for higher territory. Watch for a pullback.
The Dow and S&P 500 posted strong Accumulation Wednesday in a show of force from institutional grade buyers. Volume patterns over the past week suggested a drying up of sellers. If doesn’t go down, it Read More …
Song remains the same. Another day of declining selling volume is a clear sign of institutions unwilling to dump shares at these levels. While we anticipate a pulling back of the major indexes to the Read More …
Despite what the media tells you, the market did not crumble on Swine Flu fears today. Ultra-light selling on the back of a flu that hit 11 people in the U.S. (all of which are Read More …
The broader market has been holding on after heavy sell-volume set in the last two weeks. We’re maintaining a Bearish bias. But further consolidation above the 50-day average may give us indication of a market Read More …
Buyers picked up the pace Thursday as volume ticked in above Wednesday’s total. Tuesday’s heavy selling, or Distribution, means little with the trend of institutional buyers still intact. But sooner or later we’ll likely see Read More …
Wednesday’s rally looks weak compared to Tuesday’s Distribution. We’re respecting the dominant trend up. After a multi-weak rally we can’t be too excited about heavy selling. But should we get more Distribution, that’s institutional grade Read More …
Monday was pretty much a non-event. We’re still trend up for the time being. Question is when will the dominant downtrend of this market challenge the Bulls??? Tune in tomorrow…
Don’t fight the tape. Thursday’s major move for the broader market once again came on high buy-volume. We see the 850 level, or here abouts, as a resistance mark. Let’s see how it handles in Read More …
This is a script for the Bulls. Buyer dominated volume above the 50-day moving averages for the major indexes is just what we want to see. As seller volume dries up on down days, like Read More …
Massive upside on heavy volume. New charge for higher ground or sucker’s rally? The answer will become clearer with a pullback. Pullback’s on lighter volume suggest seller’s losing their might, which is what we’ve seen Read More …
Another good day for the Bulls. We continue to like what we see. Strong buy-volume above the 50-day moving average is what we want to keep seeing here. If it keeps up this way, we Read More …