Heavily Wrapped
Bull be warned with price action coiled and ready to be unwound. Multiple distribution days say funds are unloading. Friday’s mild sell off on heavy volume is a likely prelude to more downside. Major indexes Read More …
Bull be warned with price action coiled and ready to be unwound. Multiple distribution days say funds are unloading. Friday’s mild sell off on heavy volume is a likely prelude to more downside. Major indexes Read More …
A little rally to keep the Bear on its toes. However, the dominance of recent, heavy selling prevails. Bear bias remains as long as price action on the major indexes holds below 50-day moving averages. Read More …
Chalk up another distribution day. That’s two consecutive days of heavy selling. Permission granted to go short. Position Update: Short XLF. First Target 22.90, a conservative grab just under 200-day MA. Second Target 22. Read More …
The Dow, S&P 500 and Nasdaq all received a severe walloping from the Bear. Distribution under the 50-day averages confirms the bear bias we’ve held. Short ’em if you’ve got the stomach. Best shorts Read More …
Price action on the major indexes is mostly hugging the 50-day averages as volatility contracts. What gets tight eventually unravels. Perhaps we’ll consolidate before a new breakout. Perhaps we’ll see a new driven sell Read More …
Forty-two names hit our screen for superior technical and fundamental criteria. Some wash out from a week ago, though the Bull will be pleased to see some upside momentum taking place from this select list. Read More …
Not much has come up to sway this blogger from being a Bear. Yeah, we’ve rallied a bit. BUT, there’s little volume on the move, which equates to little conviction. Let’s call it a lack Read More …
Thirty-nine on our screen this week. Looks like breakdown city. Commentary post to follow: Symbol Company Chart AAP Advance Auto Parts Inc N AKRX Akorn Inc BASE AMBA Ambarella Inc N AVGO Avago Technologies Ltd Read More …
Reflex rallies on the major indexes had to be expected. The Dow posted accumulation, the Naz and S&P did not. Bear bias sticks. Potential upside leadership in play the following Sector ETF’s trading decisively above Read More …
More selling on the S&P 500, but not as heavy or as low as yesterday. We’re still bears. Positions Update: Shares in TWTR and WCIC were dumped for very small losses. That’s the only way Read More …
Three distribution days in a row for the S&P 500 and this Bear train’s a rolling. We’re looking for the major indexes to take more attempts at regaining their 50-day averages. If we don’t see Read More …
The Bear continues to dominate with a clear distribution day under the major indexes’ 50-day MA’s. We’ll maintain our bear bias until the market proves otherwise. Positions Update: We got out of RYL after a Read More …