Selling into Monday’s close shows a tired Bull. When prices have a harder time holding higher ground the market usually corrects. Tha’t what’s pretty much behind the candlestick theory of charting anyway. But we’re not Read More …

Modest rally Tuesday. No volume, nothing really to pull from it other than market visibly appears to be in pullback mode. In that case, we’re watching the 50-day moving average as a logical zone for Read More …

Wednesday’s sharp turn around from recent selling undoubtedly caught some Bears off guard. Lot’s of smart money folks out forecasting lower prices for the major indexes. Reality is we’re still very much living in a Read More …

Selling continues. Light volume lessens its thrust. Watch 50-day MAs.

The market isn’t straying much from its Bullish footing. Despite just a little ground lost among the major indexes volume was light, which means there weren’t a lot of eager sellers. Perhaps as a stronger Read More …

Bearish reversal bars on the daily chart of the major indexes looks ominous. But we’ve been here before in this market. Just when it looks like things are going to turn down it heads higher. Read More …

More upside for the Bull. What we consdider modest volume on the day led to one of Accumulation for the Nasdaq. Whenever volume on an up day comes in higher than the day before we Read More …

It only goes up. That seems to be the dominant feeling that has crept back into the minds of market watchers. After four months of advances for a mind-blowing 50% gain on the S&P 500 Read More …