We’ve surpassed 500 posts with this blog. Looks like we’re right on the money here. Distribution crept into the major indexes this afternoon, with action led lower by tech stocks, and notably the semiconductors ($SOX), Read More …

Continued weakness in technology stocks, and more specifically semiconductors ($SOX), threatens the broader market. Odds of broad market selling look good. We’ll monitor intensity to gauge power of thrust. Stay tuned.

Strength in the major indexes is vulnerable as the Semiconductors ($SOX) and Transportation Index ($TRAN) struggle to clear key moving averages. A sustained rally is unlikely without the participation of these sectors. Watch for them Read More …

Heavy buying making for accumulation days across the major indexes on Wednesday bodes well for the rest of the week. Thursday morning we’re already cruising higher. Let’s see where the smart money ends this today. Read More …

In the last tow days we’ve seen sellers ruin early morning rallies. That’s pretty much smart money punctuating the days. Until we see rallies in the afternoon, we’re still in pullback mode. The major indexes Read More …

Major indexes hug their 20-day moving averages as they look for further direction. We shouldn’t be surprised to see a sell off to the 50-day averages given leadership from Apple (AAPL) and Amazon.com (AMZN) are Read More …