Not So Fast
Happy stocks this morning turned sour into the close as the Nasdaq posted a modest loss on distribution. The Dow and S&P 500’s retreats from earlier highs weren’t as dramatic. We see it all as Read More …
Author: GSRTrades
DDD-ynomite?
The pressure is on for recent breakout 3D Systems Corp. (DDD) to give us another profitable climb. This stock, which made our year in January, looks poised to do it again with a clean, high-volume Read More …
Market’s Strongest
Symbol Company Name ACT Actavis Inc AEL Amer Equity Invstmt Life AFOP Alliance Fiber Optic ALKS Alkermes Plc ALR Alere Inc ALXN Alexion Pharmaceuticals AMCX Amc Networks Inc AMP Ameriprise Financial Inc AMTD T D Read More …
Buyer’s Caution, Bias Shift
–> Buyer’s Caution We’ve shifted our bias down to Buyer’s Caution as multiple distribution days, a lack of leadership and an expected seasonal shift in sentiment appear to have set in for awhile. This is Read More …
Sellin’ While They’re Yellin’
This morning’s pop to new highs for the major indexes is exactly the type of exuberance we sell into. Let’s see how the day closes. It’s the smart money that ends a session that tells us Read More …
Textbooks Are For Losers
Major indexes have put in a textbook like bounce off their 50-day moving averages. We’re still suspicious of any sustainability to the rally. We could easily see new highs, but broad participation and solid leadership Read More …
Funds Jump Ship
The Bear served a clear warning to the market with heavy sell volume flooding the major indexes for Monday. Our outlook remains the same as it has for months: we await a pullback or correction Read More …
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 …