Big Rally + Heavy Volume = Clear Bullish Power Thursday’s rally came as a surprise, taking out a key former high and undoubtedly burning some short-sellers. We’re going to take a broad and thorough look Read More …

Mostly flat price-action on the major indexes for Wednesday. Because volume wasn’t any higher than yesterday’s for the Dow 30, S&P 500 and Nasdaq we’re not going to read to much into it. What has Read More …

Smart money usually closes trading sessions. After the major indexes sagged around for most of the day they eventually caught nice bids. But we also need to take note of what’s going on with Broker Read More …

Market’s still running with a head of steam. New year-highs have been pegged, or are about to be pegged. Shorts feel the burn. Longs are being paid.

Strong follow-thru from Wednesday’s massive rally has the charts looking more bullish. We wouldn’t dare step in front of this as sellers. Not unless we saw Leadership start to crumble or heavy sell volume set Read More …

Hefty buying across the market allowed the Dow 30 and S&P 500 to regain its 50-day moving averages. This is key. So if it sticks we’re changing our bias to Buyer’s Caution. More revealing for Read More …

The bounce continues. While buy-volume didn’t take out yesterday’s to qualify for an Accumulation day, it was still strong. Moving averages are still key. The Nasdaq is just above the all-critical 50-day average, while the Read More …

Strong rallies on heavy volume bodes well for the Bulls. We want to see more evidence of institutional interest for this market before we shift our bias from Seller’s Edge. One day means little. The Read More …

Today’s mild rally looks more like a minor detour on the Bear’s dominant path. Though our bias is to the Seller, we’re always extra-cautious when it comes to short positions. They can turn around violently Read More …

Heavy volume on the major indexes gave us a mixed bag of Accumulation and Distribution days. Rather than look at the volume bars on the indexes, we’re going to count actual up volume vs. down Read More …

That threat to summer doldrums became a reality as the market dumped on weak Employment Data from the government. But volume was low, like it usually is before a holiday. Without a Distribution Day it Read More …

Modest volume, modest rallies across the major indexes. We got a hint of what tomorrow’s government Employment Data will bring with ADP Employment Services posting worse than expected losses. Better than expected Housing and Manufacturing Read More …