Volume may be light but it qualifies as Distribution. That means seller’s were laying it on heavy as evident from volume taking out yesterday’s count. Maybe hands are nervous in front of Employment Data due Read More …
Like a beach ball, it’s not hard to move the indexes on light volume. Monday’s rally was a fluffy one. With many heavy hitting funds out for the holiday shortened week there won’t be a Read More …
Another light volume day with mixed performances for the major indexes. The trend for the last two weeks has been bearish. We expect to see this pullback go lower. Whether it stalls or picks up Read More …
Wishy-washy action on indexes reminds us it’s summer. When all the big players take a break volume tends to drop off. While the Dow and Nasdaq were down a bit, the S&P 500 was positive. Read More …
Major sell-offs on the indexes, but not major volume. As the S&P 500 pulls back to its 50-day moving average this should actually be encouraging for the Bulls. Where one day means little in the Read More …
A little bounce off the 200-day moving average is all we can make of Thursday’s action. With a couple of Distribution days, where volume heavier than the previous day is attributable to selling, it’s not Read More …
Two days of increasing sellers’ volume could be dangerous. The major averages were little changed Wednesday. The S&P 500 is wrestling with support at its 200-day moving average. How well it holds up here depends Read More …
The pullback continues… but today’s volume suggested a correction may be heavier than anticipated. If we get a couple more down days where volume exceeds the previous day’s we’ll change our bias to Seller’s Edge. Read More …
Big downside move on the major indexes. But lack of volume is like less thrust available for follow through. Nevertheless, we anticipate the the S&P 500 will sell-off to its 200-day moving average. That would Read More …
Distribution struck Wednesday. For those who don’t know that means institutional grade selling. But as long as prices on the major indexes hold above their 200-day moving averages it’s difficult to be Bearish. One day Read More …
Light-volume, little action. There’s little to make of the market Tuesday. As long as it doesn’t sell off it’s bound to go up. More importantly, breakouts are sticking.
Nice little rally. Without any major volume to analyze we’ll chalk it up as another day for this Bull-trend we’re in. Bulls are liking how Broker Dealers and Tech stocks are shining. When these are Read More …
