The Iffy Bull
The Bull has yet get a grip as the gravity of the Bear keeps it in check. Lackluster action hasn’t given us much a trend to buy into. As price action on the major indexes Read More …
The Bull has yet get a grip as the gravity of the Bear keeps it in check. Lackluster action hasn’t given us much a trend to buy into. As price action on the major indexes Read More …
Heavy selling under major averages adds fuel to the Bears’ cause. The technical picture has given us a new bearish look. But it’s not enough to shift our market bias down from Buyer’s Caution. Let’s Read More …
A heavy dose of buy-volume Tuesday doesn’t change our outlook much. As the S&P 500 tests its 50-day moving average we don’t want to lose sight of the fact that as long as action remains Read More …
It’s hard to be bullish with major indexes back below their 50-day moving averages. But we’re holding our Buyer’s Caution bias for the time being as we wait to add more evidence to our analysis. Read More …
With the 200-day averages broken to the downside the 50-days are now in play for the major indexes. We’re not lining up big one way or another in this market. For that last 200+ trading Read More …
Clear and heavy selling Wednesday sent price action on the major indexes back below its 200-day moving averages. That’s two days of Distribution in a row. As the 50-day averages now serve as support we’ll Read More …
The prospects of a Bull market stay alive as the major indexes hold above their 200-day moving averages. Tuesday’s modest sell-off rang few alarms with the exception of Distribution for semiconductors (SMH) and retail (RTH.) Read More …