The S&P’s high volume sell-off to its 50-day moving average keeps the Bears in charge. What has us really Bearish is the fact the market couldn’t put in a decent close on news QE3 could Read More …

Short Covering

Tuesday’s sharp rally reeks of short covering. If we can repeat today’s accumulation over the next few sessions we may begin to believe otherwise. Rallies off lows are often sharp as short sellers scramble to Read More …

Fluff The Rally

We’re officially on the watch for a potential bottom for the broader market. Come Wednesday we’ll look for signs of institutional buying via high volume, or what we call a Follow Through Day, where an Read More …

Grinding

Modest Distribution on the S&P 500 and Dow is playing into our Buyer’s Caution bias. We’re taking a recent boost in volume coupled with mostly sideways action as a sign that the rally is finding Read More …