One Way Or Another
Coiled price action threatens to break one way or another. Odds are it’ll be North. Not much evidence of breakdown in the technicals. Monday’s low-vol rally means little. But it’s low means everything. We’re watching Read More …
Coiled price action threatens to break one way or another. Odds are it’ll be North. Not much evidence of breakdown in the technicals. Monday’s low-vol rally means little. But it’s low means everything. We’re watching Read More …
Bear takes the ball as distribution across the market coupled with a 50-day sma test for the S&P 500 has everyone looking down. Fifty-day averages are in play. Closes below these markers will have us Read More …
Clear cup-and-handle pattern on the S&P says breakout or die. Last week’s hi-vol Fed day put a fire under the Bull. The Bear has yet to counter with anything. Chart structure remains in upward channels Read More …
The bull is strong within this week’s select list of top earners. Licking our chops over lower bases setting up… Screen Based On: Sales > 20% Quarterly EPS > 20% Quarterly ROE > 15% Price Read More …
My friends in the media sure do write a lot about nothing, imho. The market might go up, it might go down. That simple. Journalists can gather all the stats and releases to make sense Read More …
Little chart corruption among these top sellers and earners. We’re mostly looking at pullback from highs as well as new highs. This strength weighs into the Bull side of analysis. Hard to be a bear Read More …
Mixed signals as the S&P 500 manages to reverse recent losses and close above its 50-day MA. Serious dumping of shares has yet to be countered with accumulation. There is no real deterioration among the Read More …
Clear distribution Tuesday. Fifty-day MA’s tested on majors. Bounce watch.
Easy layup with the major indexed hanging just above their 50-day MA’s. We’ll see a test soon. Major distribution day Friday = Just another sign funds are on the defense. However, we’re seeing top names Read More …
A casual look at the major indexes moving averages tells us it’s trend up. A three year old would confirm it. Easy to call a pullback. But fear what’s easy. This kind of action may Read More …
Naz 5,000, now the pullback. Gravity rules. Up trend remains strong. Multiple distribution days, including a small one Wednesday, create some hesitation. Perhaps we’re in the midst of a pullback to the 50-day SMA’s. This Read More …
Major indexes inch higher. Volume patterns favor bears. We’re staying neutral. Positions Update: 20% target on WCIC hit. Cash register rung with half the initial position. Homebuilder fundamentals and techinicals bullish until proven otherwise. Stay tuned. Read More …