The major indexes clawed back from steep losses earlier in the day. But seller dominant volume, which was heavier than yesterday’s, makes for a Distribution Day. We’re still holding our Sell Bias. Weekly analysis to Read More …
Our Sell Bias that we’ve held for weeks sticks as heavy selling Tuesday gave us a sign that institutions aren’t supporting this market. Of course, the news was weak Consumer Confidence. But it’s usually the Read More …
Lack of action for Monday’s trading did nothing to change our Sell Bias. The 50-day moving averages are in play for the major indexes. Price action at these levels will set our bias going forward. Read More …
Slight accumulation Wednesday, or an increase in buyers from Tuesday, tells us institutions were a little more on board for the rally. But it’s not a big data day. No significance can really be drawn Read More …
Nice rally Tuesday. But it lacks the high-volume institutional support that would have indicated a Follow Through Day. wp-image-598″ /> We have no choice but to hold our Sell Bias. Market has a knack for Read More …
Nice rally Thursday – but hardly the sign of institutional support we’ve been on the lookout for. We’d like to see heavier buy-volume, otherwise known as accumulation, accompany one of the indexes for a 2% Read More …
Fewer sellers Monday could be a glimpse of the Bear being tired. But it’s too early to tell. Beginning Thursday we’re on the lookout for a Follow-Through-Day where one of the indexes up about 2% Read More …
GSRTrades Weekly Market Report Market Bias Seller’s Edge Where We Are The major indexes were little changed at the end of the week. What stands out was the heavy-duty selling, or distribution, that accompanied a Read More …
That funny burning smell today was from Longs getting fried. If you had any doubt before, we’re very much in correction mode. We’d be liars if we told you we knew where it stops. Next Read More …
Dominant buying from institutional grade investors, aka Accumulation, Tuesday looks good – though still pales to the even heavier selling we’ve seen the past month. With the major indexes trading under the support levels of Read More …
