We can’t ignore the bull as price-action treads evenly with major moving averages. A modest sell-off at the S&P 500’s 200-day average has collected one distribution day, which while a concern to bulls, won’t mean Read More …

More heavy selling adds to an overall directionless trend. Mixed messages continue to prevent us from taking a strong directional bias. We want to let the market take its own course and be ready to Read More …

Higher buy-volume gives the Bull a vote of confidence, but chartwise we’re still in “no man’s land.” With the 50-day moving averages still serving as resistance for the Dow, S&P 500 and Nasdaq, there’s much Read More …

Major indexes are seeing some whip-saw at their 50-day moving averages. No surprise here. Thursday marked the second day of Accumulation this week, suggesting heavy buyers are on the prowl. A better test of volume Read More …

This month’s rally had a little more fluff added to it Monday. Nothing wrong with fluff unless you begin to read too much into it. With an official Follow Through Day in the books for Read More …

It’s time for the bottom pickers to start chiming in after a late-day rally put the breaks on heavy selling. While it’s true that smart money often closes the day, it’s also true that bear Read More …