Heavy selling from banks threatens the broader market pullback. For the second day in a row financial stocks (XLF) fall below major moving averages. Without the support of this key sector the rally is suspect. Read More …

Another seller dominated day gives the Naz its second day of Distribution in a row, while the Dow and S&P drift. We’re not shifting from our Buy bias just yet. In fact, we’d like to Read More …

Our fine rally has hit a round of heavy selling – though nothing to get to excited over, yet. Seller domination in Tuesday’s action ended with the S&P 500 and Nasdaq posting their first days Read More …

Last week’s Follow Through Day, suggesting institutions are on board with a bullish leg in stocks, has been working thus far. As up-volume outpaces down-volume over the past several weeks we’ve had the confirmation of Read More …

A round of accumulation for the major indexes goes well for our Bullish bias. We have no reason to alter our position as the Dow, S&P 500, Nasdaq and Russell 2000 all hold ground above Read More …

Low-volume pullback across the indexes don’t have enough thrust to negate our Bullish bias. We were expecting the price gap on the S&P 500 to get filled, as was the case Tuesday. In order to Read More …

Keeping our Buyer’s Caution despite light volume suggesting lack of thrust from the Bull. Wednesday we had what followers of William O’Neil, of Investors Business Daily, CANSLIM’s method call a Follow Through Day, where institutional Read More …