What’s Cookin’
Here’s this week’s scan of the market’s top stocks grouped by rank. 1= Base Setups, 2= Pullbacks, 2h= New Highs, 4= Short Patterns (that may very well turn into longs as these patterns often fail.) Read More …
Month: February 2012
Never Short A Dull Market
Global unease for the last five years has kept the heat on the financial markets. The old adage of ‘never short a dull market’ hasn’t applied. Though it should be held that dullness isn’t something Read More …
Upward Drift
We still see the S&P 500 on an upward track that will take out last week’s high. Old highs and lows act like magnets, usually. What we don’t expect is to see price action continue Read More …
Just A Kiss Away
The S&P 500’s 1367 high today comes just short of its 1370 high made last year. We’re long overdue for a correction. It may come violently. Mark these words. Dan
Head Up
Let’s look for last May’s high to be taken out. If it don’t go down, it goes up. There may be a dominance of selling volume built into the market over the last week. BUT Read More …
Red Bar Affair
Distribution chalked up on the major indexes for the second day in a row spells C*A*U*T*I*O*N for this Bull. Add in a key reversal day for market leader AAPL and we wouldn’t be surprised to Read More …
Touch of Red
Distribution plugged into Tuesday’s trading gives warning to the Bull. If we begin to see more of this institutional grade selling we may be waving the bearish Red Flag soon. As for Growth Stocks, there Read More …
Accumulation Supreme
Quick look at the S&P shows clear, unarguable dominance of institutional buyers: Setups to be posted in our report for paid subscribers. Have a great weekend, Dan