<!– We’re watching for signs of strength and weakness as the major indexes test key moving averages. Two weeks of solid advances for the indexes from key technical levels has been backed up with a Read More …

We’re going with a Buyer’s Caution bias after Tuesday’s Follow Through Day (FTD.) The FTD indication comes at least after four days after a potential market bottom, with one of the major indexes rallying at Read More …

Not much to go on as Wednesday’s light-volume action made for a mixed bag of stock action. With Tuesday’s Follow Through Day notched in we’ve changed our market bias to Buyer’s Caution. The major indexes Read More …

Well hot dog, we got our Follow Through Day. Sharp rallies accompanied by heavy buy-volume across the major indexes tells us institutions are showing some interest in the long side of this market. Some of Read More …

Heavy sell-volume in the S&P 500 as it flirted with testing its 200-day moving average doesn’t bode well for the Bulls. We’re staying Bears. While we’ve nibbled a bit on the rally potential of a Read More …

It’s hard to be a short-term Bear with the nice bounce off the lows we had Thursday. But before jumping on the Bull bandwagon we need to be patient and wait for confirmation of a Read More …

Just when the market looks like complete crap, we get a high-volume rally off the lows. We’ve seen this scenario time and again. That’s why we’re sitting on cash. If you’re a bull – you’ve Read More …

Sellers continue to pile on as the Retail Index and Banking Index hit a new low for the year. The major indexes remain just a sell-off away from striking new yearly lows. As key sectors Read More …

Buyers keep their heads up as major indexes tag their 200-day moving averages. The 200-day moving averages are like magnets to price action. No surprise to see a test. What we’re looking for now is Read More …

Broad-based selling for the first day of June goes well with our Sell Bias. But if you read our weekly report, you know we’re looking for a bounce. We’ll stop looking for an immediate bounce Read More …

Buyers look up as global panic eases, for the moment. For a week that saw the major indexes mostly flat, the effect of negative news on the market, such as credit- ratings downgrades of Greece, Read More …

We got our bounce. Now let’s wait a bit to see if it sticks, and if real buyers will show up. The Dow and S&P 500 closed their strong Thursday rallies right at the resistance Read More …