Nothing in the charts suggests the market is altering its latest southern course. Semiconductors have been the bellwether to this correction, which is typical. We might expect to see them reverse course ahead of the Read More …
The third day of distribution in the last four sessions has us hoisting the Red Flag for a Sell Bias. We’ve been prepared to do this for weeks as we’ve been calling for defensiveness with Read More …
Our pocket of strength in Growth Stocks poised to breakout has crumbled. Add in another round of distribution in the major indexes, we’re Bears now. But we’ll wait to see if we don’t get a Read More …
Not a big fan of ratings agencies, so take with a grain of salt. What this tells me is Wall Street analysts, advisers etc. have reason to be bullish for next year.
An abundance of top Growth Stocks with bullish charts is a pocket of strength in this broader market correction. The stocks we’re adding today, in no particular order, are telling us the bigger picture Bull Read More …
A major round distribution for the Nasdaq, and a less intensive one for the S&P 500, means we’re not confident for the upside potential of this market. We don’t lower our bias to Sell unless Read More …
Here’s another crop of top-ranked Growth Stocks in weekly chart format:
With the Dow and S&P 500 just a good upside day away from new highs, it’s the tech-laden Nasdaq that flounders and threatens all as it trades under its 50-day moving average. The downtrend in Read More …
Here’s a handful of recent and potential breakouts of top Growth Stocks to mull over, monitor and use to gauge the potential for others to succeed. We’re looking at weekly charts here:
The major indexes are bouncing off their 50-day moving averages in what appears to be a show of decent strength as an accumulation day suggests heavy players are on board. Meanwhile, leadership from the likes Read More …
We expect the Dow and S&P 500 to test their 50-day moving averages. I’ve been saying this all along. The Nasdaq’s high volume bar yesterday represents a grind with neither Bull nor Bear really winning Read More …
We’re watching leaders Apple (AAPL) and Amazon (AMZN) for indication of what may come for the broader market. Institutional grade selling for the two yesterday makes them vulnerable, with more of the same likely to Read More …
