Votes Go To Bear
Another round of distribution Thursday keeps our pullback prediction alive. It’s this kind of heavy selling that hints institutions are backing off from the long side, taking profits and regrouping. It could be a mild Read More …
Another round of distribution Thursday keeps our pullback prediction alive. It’s this kind of heavy selling that hints institutions are backing off from the long side, taking profits and regrouping. It could be a mild Read More …
The market rarely makes it easy to put on a short trade. Through several sessions of mostly sideways action traders finally got some downside action over the past week. But Wednesday’s strong upside day now Read More …
The bear has packed a nice punch for the bull with four days of clear and heavy selling in the past week. Look for the major indexes to test their 50-day moving averages. No need Read More …
That’s two days of heavy, institutional grade selling. We now need to monitor the damage to discern between potential correction or a more mild pullback.
More sideways action on the major indexes tests the resolve of traders long and short. We’re still expecting a pullback. But not enough to change our dominant Buyer’s Edge bias. The little Bear exists withing Read More …
More distribution for the Naz as we continue to wait for a pullback/correction. Lack of volatility leads to heightened volatility. Longs still intact. Profits hit. Riding new short positions. No time to get cute with Read More …
The Nasdaq’s gap up on the open may very well be an exclamation point ending a leg up. Small gaps like this get filled. Question is when. We’re suspicious of any rallies at this point.
As weak as the Bull has become in the last week, the bear is equally unable to build momentum. The result has been a tight range. We anticipate there was a considerable amount of short Read More …
The S&P 500 erased last week’s gains with its 1.15% drop Monday. Lack of volume makes it seem like a wimpy punch for the Bear, who was bound to get one in on the Bull Read More …
The market was energized Friday with encouraging employment news and the Dow 30 regaining ground not seen since 2007. The long bull run has us looking for prices to retreat some, though as mentioned yesterday, Read More …