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 …

The Claw Back

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 …

Touching Down

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 …

Rules Of Gravity

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 …