This market is showing some resilience to sellers as the major indexes post decent gains on solid buying. The indexes will all likely hit their 200-day averages with continuation of a rally. Moving averages are Read More …

Shorts got screwed with Tuesday. Speculators far and wide have been waiting for a sell-off on the major indexes. We’ve been one of them. But shorting is a lot harder than buying. Sharp reversal rallies Read More …

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Volume leads price. Whenever you see heavy volume stacking up long or short it’s a good bet that’s institutional money. And in our opinion it’s the institutions that you want to be on the same Read More …

Heavy selling Wednesday tilts the scale back clearly in the Bear’s favor. We don’t give a whole lot of credence to candlestick charting. But another bearish candle with higher prices being unable to be sustained Read More …

Monday’s Accumulation, or buyer dominated volume, across the major indexes could mean the end to the Bear’s short-lived reign. It’s almost always riskier to be short given the propensity of the market to scream higher Read More …

Thursday’s light volume rally does nothing to change our bias. We remain bearish after institutional grade sellers began unloading for the last two weeks.

Our seller-dominated market continued to drive declines across the broader market. We expect to see the S&P 500 and Dow 30 undercut their 20-day moving averages. The Nasdaq and Russell 2000 are already below these Read More …

That’s another Distribution day notched in for the S&P 500 Tuesday. That makes it three in the past two weeks compared to two Accumulation days for the same period. We’ve anticipated this pullback. As long Read More …

Bam! A day after heavy buying we get even heavier selling. This is likely the beginning of the pullback we’ve been looking for. Never mess with a key reversal day like we had Thursday. When Read More …

More buyer-dominated volume sends the indexes higher. Folks, all it takes is money and hope to move things higher. That’s what we got. Pictures of Bernanke smiling yesterday are a big help. So what we Read More …

The Bear launched itself over 900 on the S&P 500 today. The more than 3% move likely sent short-sellers running for cover. We’ve been watching institutional grade sellers take position over the past few weeks. Read More …