Follow The SOX
We’re sticking with our Buyer’s Cation, Yellow Flag bias as the bear appears to have at least one paw on the wheel. This recent rally is likely a selling opportunity. Look to the support levels Read More …
Month: June 2013
The Big D
All our reasons to sell seemed to shine today. That’s one massive distribution day for the major indexes. We’ll see how price adjusts to life under the 50-day moving average. No reason to alter our Read More …
Not Happening
The Bull is alive and well with accumulation posted across the major U.S. stock indexes Thursday. W e’re not going to be bears as long as price action remains above major averages. While we have Read More …
Bounce Zone
We’re looking for a bounce on the major indexes, and it’s likely to happen near current price levels as the 50-day moving averages come into play as downside targets. These technical bounces, or even lack Read More …
Buyer’s Caution, Bias Shift
–> Buyer’s Caution We’ve shifted our bias down to Buyer’s Caution as multiple distribution days, a lack of leadership and an expected seasonal shift in sentiment appear to have set in for awhile. This is Read More …
Breakout Watch, ANGI
Angie’s List, Inc. (ANGI), for a monthly fee, helps buyers find and review local house cleaners, contractors, health providers and mechanics etc. Fundamentals: Company did nearly $178 million in sales for the last 12 months, Read More …
Easing Down
The Bull is out of gas. Pretty much everyone should be calling for a test of the 50-day moving average. The more important question is how far we’ll go down. We’ll call it day-by-day as Read More …