Eeekin’ It Out
Feels like a short squeeze coming. Whenever news it at its worst, and the market no longer sells, there’s good reason to think the next move will be a rally. Moves off lows can be Read More …
Author: GSRTrades
Surprise, Bitch!
We almost always consider late-day volume smarter money than what usually drives the morning action. Monday’s strong close threatens to reverse the Bear’s downward efforts. These counter rallies can be sharp. It’s not uncommon for Read More …
Spanking Good
The Bears delivered Friday with a fresh round of heavy selling, sending shares down into the weekend as the world awaits resolution with the Greek debt crisis. Another round of Distribution marks the charts. For Read More …
Nadamooch
Guy I knew a ways back in my Chicago days always used to say “nadamooch” when asked what was up. Most of Thursday’s action was just that, pretty sleepy. But clear distribution for the Nasdaq Read More …
The Heavies
We had another day of Distribution on the major indexes to kick off a holiday shortened week. Continued institutional-grade selling has us cautious. We might expect to see another round of lows in the coming Read More …
Ssssssssssss
That clear, red volume bar rearing out above yesterday’s is a mocking middle finger of Distribution to the Bull. We do have a meager Follow Through Day for Tuesday, meriting a Buyer’s Caution bias from Read More …
Hamburger
The major indexes went into full rally mode to close out a day that saw the FOMC say it would keep rates low for a couple more years as severe challenges remain to the economy. Read More …
666
The S&P 500 fell 6.66% Monday, down nearly 80 points for one of its worst losses in history. The media will tell you it’s all because of the U.S. credit downgrade by Standard & Poor’s. Read More …
The Point
Wednesday’s high volume u-turn off lows has the makings of a key pivot on the charts. But we’ll give the market some time to let us know if it’s the start of a new bull Read More …
The Deal Breaker
The Growth Stock Landscape The shockwaves of a potential government default could easily carry over to stocks. But so far, the market really hasn’t had too much of a reaction, and we’re more inclined to Read More …
Looking Down
We’re still looking down, though lookout for a technical bounce as the major indexes test their 50-day moving averages. We’re also getting some key earnings reports this week, market could easily see a volatility spike. Read More …
Bulls Losing Grip
Similar to yesterday, major indexes couldn’t hold their rallies on news of a potential QE3 Fed easing. Take into consideration the lagging Semiconductor and Financial indexes, it’s tough to be a bull. We’re holding a Read More …