Major indexes testing their 50-day moving averages to the upside was somewhat expected. The Dow and S&P 500 reversed and closed slightly in the red after touching these key averages.  The Nasdaq, which came just Read More …

Monday’s sharp rally appears to be a strong vote of confidence to the European Union’s plan to remedy its credit crisis. We’re waiting to see if the enthusiasm will stick, as true trends to news Read More …

GSRTrades Weekly Market Report   Market Bias Seller’s Edge   Where We Are We’re sticking to our Sell Bias as we wait to better measure the aftermath of last week’s correction. From a technical perspective, Read More …

A heavy whacking of stocks was a great endorsement for our Sell Bias. We took the opportunity to cover some of our short positions amidst the rush of the steepest one-day losses on the major Read More …

The major indexes traded down to their 50-day moving averages Wednesday, fulfilling what nearly every technician had been anticipating. We generally see a bounce, or at least an attempt, come into play at these key Read More …

If we were farmers this selling would be like long due rain. Our short positions were very much in agreement as the major indexes slipped on heavy volume. Today was the S&P 500’s third Distribution Read More …

The market is off to a decent rally for the first week of May. Problem for Bulls is that the ends and beginnings of months usually experience buying as funds tend to add to their Read More …

GSRTrades Weekly Market Report Market Bias Seller’s Edge Where We Are Mounting evidence for our sell bias tests our patience. We’ve been bearish for a couple of months as distribution days, where a down day Read More …