Bam, New High!
The S&P crept to another new high, keeping us reminded that Bulls don’t keel over that easily. Where the dominant volume trend remains Bearish with four days of Distribution logged in over the past three Read More …
The S&P crept to another new high, keeping us reminded that Bulls don’t keel over that easily. Where the dominant volume trend remains Bearish with four days of Distribution logged in over the past three Read More …
Heavy sellers stepped up with a second day of distribution in a row for the S&P 500. As we we’re starting to lean Bearish yesterday – we’re certainly parked in that camp today. Short setups Read More …
Wednesday gave us the second day of Distribution in a week on the S&P 500 and Dow. This heavy selling is a sure sign that institutions are unloading. This is a concern for Bulls as Read More …
Not a bad rally following key healthcare reform. While low-volume does little to take away from Friday’s heavy selling, or distribution, we can’t ignore the uptrend here. While markets do in fact leave clear tops Read More …
The bull’s momentum stays intact with the Dow, Naz, S&P and Russell 2K indexes all inching higher Tuesday. But distribution from the Retail and Semiconductors threatens to take it all down a notch. Volume precludes Read More …
GSRTrades Weekly Market Report Market Bias Buyer’s Caution Where We Are The bull is alive and well with an uptick of new highs from key stocks and sectors. Last week’s heavy-volume buying gives Read More …
The major indexes clawed back from steep losses earlier in the day. But seller dominant volume, which was heavier than yesterday’s, makes for a Distribution Day. We’re still holding our Sell Bias. Weekly analysis to Read More …
Our Sell Bias that we’ve held for weeks sticks as heavy selling Tuesday gave us a sign that institutions aren’t supporting this market. Of course, the news was weak Consumer Confidence. But it’s usually the Read More …
Lack of action for Monday’s trading did nothing to change our Sell Bias. The 50-day moving averages are in play for the major indexes. Price action at these levels will set our bias going forward. Read More …
Slight accumulation Wednesday, or an increase in buyers from Tuesday, tells us institutions were a little more on board for the rally. But it’s not a big data day. No significance can really be drawn Read More …
Nice rally Tuesday. But it lacks the high-volume institutional support that would have indicated a Follow Through Day. wp-image-598″ /> We have no choice but to hold our Sell Bias. Market has a knack for Read More …
Nice rally Thursday – but hardly the sign of institutional support we’ve been on the lookout for. We’d like to see heavier buy-volume, otherwise known as accumulation, accompany one of the indexes for a 2% Read More …