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 …
Author: GSRTrades
20-day SMA Tag
The SPX tagged the 20-day before pulling back. Big whup. We’ll see what happens tomorrow. Dan
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 …
We’re Still Bearish
Nice little bounce for the SPX off its 200-day moving average. We expect more selling, and an eventual undercut of that market, in the coming sessions. The market does most of the talking here. Our Read More …
Next Stop, 200 MA
Dominant sell volume puts the 200-day moving average as a likely price magnet for the S&P 500. That’s all for now. Dan
Monday, June 16th 2011
The Growth Stock Report Market Bias Seller’s Edge The Growth Stock Landscape Easy selling across the broader market these past few weeks is no surprise to anyone. We’re on alert for a turnaround of sorts 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 …
Grind Away
An uptick in volume over the last two weeks coupled with stagnant price action tells us this rally has cooled. We’re sticking with a Buyer’s Caution bias, though will turn it to Sell if we Read More …
A Little Rain For The Bears
The major indexes all experienced heavy selling Tuesday, putting the 50-day moving averages in play as support. Bears have been waiting a long time for a significant correction. The fact that the day marked Distribution, Read More …
Runaway Train
Market players everywhere are waiting for a pullback or correction. Yes, the market has its way of screwing over the most amount of people as possible. Given the high short interest out there we can’t Read More …
Holding Buyer’s Edge Bias
Decreasing volume gives a subtle suggestion that this recent rally is out of steam. Growth Stocks have been on fire. We’ll continue to hold our Buyer’s Edge bias until we see recent breakouts collapse and Read More …