Thursday’s rally tests our bearish bias. The S&P 500’s volume was lighter than yesterday’s, giving us indication that Bulls may have less steam. But an Accumulation Day of higher volume on the Nasdaq boosts the Read More …

Fed’s decision to hold rate target is no surprise. Market’s reaction appears happy. Though true trends following Fed announcements often don’t become clear until the day following announcement. We’re still a Bear!

And yet another solid Red Flag to the Bulls’ charge as Tuesday’s heavy selling saw the major indexes to closes below their 20-day moving averages. We’ve been Bears for weeks and weeks. While the market Read More …

From the Bear’s perspective the market just won’t give in an inch. For the Bulls, every inch higher is just another justification. But as volume counts continue to suggest institutions are unloading we’re sticking to Read More …

We’re still Bearish despite Monday’s late rally. Smart money tends to close sessions – true. But the dominance of sellers in this market as evidenced by several Distribution days over the past few weeks weighs Read More …

Our bearish bias is strengthened by another round of Distribution Wednesday. Anytime institutional grade selling enters the market we tighten the reigns and look to cover long positions, if not go short. While we’ve been Read More …

The S&P crept to another new high, keeping us reminded that Bulls don’t keel over that easily. Where the dominant volume trend remains Bearish with four days of Distribution logged in over the past three Read More …