Clear and heavy selling Wednesday sent price action on the major indexes back below its 200-day moving averages. That’s two days of Distribution in a row. As the 50-day averages now serve as support we’ll Read More …

The prospects of a Bull market stay alive as the major indexes hold above their 200-day moving averages. Tuesday’s modest sell-off rang few alarms with the exception of Distribution for semiconductors (SMH) and retail (RTH.) Read More …

We can’t ignore the bull as price-action treads evenly with major moving averages. A modest sell-off at the S&P 500’s 200-day average has collected one distribution day, which while a concern to bulls, won’t mean Read More …

More heavy selling adds to an overall directionless trend. Mixed messages continue to prevent us from taking a strong directional bias. We want to let the market take its own course and be ready to Read More …

Higher buy-volume gives the Bull a vote of confidence, but chartwise we’re still in “no man’s land.” With the 50-day moving averages still serving as resistance for the Dow, S&P 500 and Nasdaq, there’s much Read More …

Major indexes are seeing some whip-saw at their 50-day moving averages. No surprise here. Thursday marked the second day of Accumulation this week, suggesting heavy buyers are on the prowl. A better test of volume Read More …

This month’s rally had a little more fluff added to it Monday. Nothing wrong with fluff unless you begin to read too much into it. With an official Follow Through Day in the books for Read More …

It’s time for the bottom pickers to start chiming in after a late-day rally put the breaks on heavy selling. While it’s true that smart money often closes the day, it’s also true that bear Read More …

Another round of heavy, institutional grade selling accompanied the Nasdaq and S&P 500 to new lows Tuesday. Our current Sell Bias has kept us on the watch for such events, as it becomes even more Read More …

Not much to take from Monday’s sluggish market. We’re sticking with our Sell Bias as the major indexes continue to tread under key moving averages. While we were bullish a week ago, the recent breakdown Read More …

Clear Distribution, or institutional selling, turns us into Bears. Going into Thursday we were on the cusp of shifting our Buyer’s Caution as key sectors continued to lose ground. No time to wonder how or Read More …

Tuesday’s seller dominated action gives pause to the Bull, but it’s not enough to make us Bears. While it was technically distribution for Big Board volume, its overall light volume didn’t make for a clear Read More …