High-Vol Clash
Accumulation for the Dow and S&P was offset with Distribution on the Nasdaq. We’re giving the Bear the edge for the day. Leadership of key price lows on the major indexes very often comes from Read More …
Accumulation for the Dow and S&P was offset with Distribution on the Nasdaq. We’re giving the Bear the edge for the day. Leadership of key price lows on the major indexes very often comes from Read More …
A bounce off lows that doesn’t match the volume of recent carnage is highly suspect. Measuring the volume behind moves is at the core of our strategy. Volume patterns often lead the price action. It Read More …
The Bear took command Thursday with heavy volume moving a panicky market lower. Duck and cover. If you’re long, get out. If you’re short, hold tight. We were Bulls going into today. We lose. It Read More …
Distribution, that’s institutional grade selling evident by a down day on the indexes with higher volume than the previous day, closed out a session marked by a key Fed announcement. It would appear the markets Read More …
Price action appeared tired Tuesday. Our bias remains at Buyer’s Caution as modest declines on light volume do little to excite. We expect to see some pullback with the 50-day moving averages serving as resistance Read More …
It’s just like the market to put in a rally as headlines remain grim. Institutions have been accumulating shares over the last couple weeks. We’re seeing leaders emerge from our pool of top growth stocks. Read More …
Yesterday’s rally extended on heavier volume today. Discerning real, committed buying from short covering is now key to our analysis. We expect to see a fair amount of short covering as the major indexes come Read More …
Feels like a short squeeze coming. Whenever news it at its worst, and the market no longer sells, there’s good reason to think the next move will be a rally. Moves off lows can be Read More …
We almost always consider late-day volume smarter money than what usually drives the morning action. Monday’s strong close threatens to reverse the Bear’s downward efforts. These counter rallies can be sharp. It’s not uncommon for Read More …
The Bears delivered Friday with a fresh round of heavy selling, sending shares down into the weekend as the world awaits resolution with the Greek debt crisis. Another round of Distribution marks the charts. For Read More …
Guy I knew a ways back in my Chicago days always used to say “nadamooch” when asked what was up. Most of Thursday’s action was just that, pretty sleepy. But clear distribution for the Nasdaq Read More …
We had another day of Distribution on the major indexes to kick off a holiday shortened week. Continued institutional-grade selling has us cautious. We might expect to see another round of lows in the coming Read More …