Author: GSRTrades
SPLK Breakout Watch
Here’s a weekly chart look at quick growing Splunk, Inc. (SPLK), a “big data” cruncher that supposedly gives companies an edge through “monitoring and analyzing everything from customer clickstreams and transactions to network activity and call Read More …
Breakout Lacks Punch
That’s what we call safe money powering the Dow’s new high. It’s the sturdier, cyclical type businesses that funds have been buying to help the major indexes along to higher levels as aggressive growth stocks Read More …
Indexes Hang On
Modest upside on light volume Monday isn’t much to write about. Let’s see what kind of trend earnings season will give us. Stocks that stay strong on bad news are telling us they’re really strong. Stocks Read More …
Breakout Watch 3-20-13
Here’s the latest batch of top rated stocks breaking out of technical bases. ASGN, PBH, RYL, DHI
Song Remains The Same
More distribution for the Naz as we continue to wait for a pullback/correction. Lack of volatility leads to heightened volatility. Longs still intact. Profits hit. Riding new short positions. No time to get cute with Read More …
Leap Of Faith
The Nasdaq’s gap up on the open may very well be an exclamation point ending a leg up. Small gaps like this get filled. Question is when. We’re suspicious of any rallies at this point.
Keep Your Powder Dry
As weak as the Bull has become in the last week, the bear is equally unable to build momentum. The result has been a tight range. We anticipate there was a considerable amount of short Read More …
Bull Rolls Over
The S&P 500 erased last week’s gains with its 1.15% drop Monday. Lack of volume makes it seem like a wimpy punch for the Bear, who was bound to get one in on the Bull Read More …
Back In The High Life
The market was energized Friday with encouraging employment news and the Dow 30 regaining ground not seen since 2007. The long bull run has us looking for prices to retreat some, though as mentioned yesterday, Read More …
Bull Set To Nap
We’ve felt this Bull has been tired over the past few sessions, and have further confirmation Thursday with modest distribution settling into the close on the major indexes. None of the evidence against the Bull Read More …