To See The Sun
Our Buyer’s Caution bias continues to hold. Short sellers are miserable. We’re glad our analysis has steered us clear of that common temptation to call a top. Many new Growth Stocks setting up for potential breakouts… Stay Read More …
Month: March 2012
Cars, Chips and Checking
Market acting a bit tired. But the Bull can take some confidence as long as the Transportation Index ($TRAN), Semiconductors ($SOX) and Financial Sector are holding their northbound trajectories. Any testing below the moving averages Read More …
Scratch It Up There
If we’re not pulling back, we’re going higher. Overbought, yes.
Flatness
Little action from the major indexes tends to make everyone a little edgy. A test of the 20-day averages for the S&P 500 and Naz will put them on par with the Dow’s pullback this Read More …
Touching Down
Our pullback appears to be on track with the Dow on track to touch down on its 20-day moving average. We expect the S&P 500 and Naz to follow suit. Though… As always, we trade Read More …
Wait And See
The major indexes aren’t pulling back so swiftly. But we’re still in pullback mode. We’re still waiting like the patient traders we are.
Elastic, Reversion
Perhaps our pullback to the 20-day moving average (blue line) has begun. The Dow and Naz each racked up clear days of heavy selling last week. Volume tends to preclude price action. Lets see where Read More …
Tranny Turns It On
Continued sideways grinding on the major indexes is not without its perks. The Transportation Index ($TRAN), or “Tranny”, gave us a high-vol rally yesterday, just shy of its February high. Many had pointed to Read More …
The Grind
High volume trading with little price action after a strong rally is often Bearish. We’d need to see a few more days of it over the course of a week before we start calling it Read More …
Northbound Train
Where we stop, nobody knows…
Free Range
Once a new high is cracked, there’s little in the way of sellers watiting to unload at previous levels they’ve been burned at.
Think About It
Let’s not get too cerebral here. The market is poised to hit a new high. Once, or if, we do, we’ll get a new taste of the Bull’s potential. So often we see a strong Read More …