Smart Money Ends It
A late-session rally pushed stocks to posting only modest losses Wednesday. It’s usually the smart money that ends trading. We’ve seen a number of late-day rallies over the last few weeks. This market has barely Read More …
Month: July 2009
Day-By-Day
Heavy-selling Tuesday gives us a glimpse of the Bear’s strength. If we see a couple more similar down days with volume more than the day before it will be clear warning sign. While we respect Read More …
Magnets For Price-Action
Notch in another day of Accumulation for the S&P 500. When we say Accumulation we mean that the market rallied on volume greater than the day before. This is an indication that institutions are favoring Read More …
Ideal Breakout Buy Candidates
Big Rally + Heavy Volume = Clear Bullish Power Thursday’s rally came as a surprise, taking out a key former high and undoubtedly burning some short-sellers. We’re going to take a broad and thorough look Read More …
Timing Is Tough
Mostly flat price-action on the major indexes for Wednesday. Because volume wasn’t any higher than yesterday’s for the Dow 30, S&P 500 and Nasdaq we’re not going to read to much into it. What has Read More …
Not Going To Make Any Calls Here
Smart money usually closes trading sessions. After the major indexes sagged around for most of the day they eventually caught nice bids. But we also need to take note of what’s going on with Broker Read More …
Being Paid
Market’s still running with a head of steam. New year-highs have been pegged, or are about to be pegged. Shorts feel the burn. Longs are being paid.
It Pays To Be Flexible
Strong follow-thru from Wednesday’s massive rally has the charts looking more bullish. We wouldn’t dare step in front of this as sellers. Not unless we saw Leadership start to crumble or heavy sell volume set Read More …
Hefty Buying = Upped Bias
Hefty buying across the market allowed the Dow 30 and S&P 500 to regain its 50-day moving averages. This is key. So if it sticks we’re changing our bias to Buyer’s Caution. More revealing for Read More …
Still Strong
The bounce continues. While buy-volume didn’t take out yesterday’s to qualify for an Accumulation day, it was still strong. Moving averages are still key. The Nasdaq is just above the all-critical 50-day average, while the Read More …
Some Punch In That Bounce
Strong rallies on heavy volume bodes well for the Bulls. We want to see more evidence of institutional interest for this market before we shift our bias from Seller’s Edge. One day means little. The Read More …
Look Alive!
Today’s mild rally looks more like a minor detour on the Bear’s dominant path. Though our bias is to the Seller, we’re always extra-cautious when it comes to short positions. They can turn around violently Read More …