That pullback we’ve expected came at the open of Wednesday’s trading. Lighter volume on the move let’s us know it wasn’t likely to be institutions jumping ship of the Bull. The 200-day moving average is Read More …

Pretty much a nothing day for the market. No point over-analyzing it. So we won’t. The 200-day averages are in play. We expect to see a fight for it. We also expect to see a Read More …

The S&P 500 is kicking off the month with a high-volume test of the 200-day moving average. The ends and beginnings of months are usually a time of portfolio adjustments for funds. We’ve expected the Read More …

This market is showing some resilience to sellers as the major indexes post decent gains on solid buying. The indexes will all likely hit their 200-day averages with continuation of a rally. Moving averages are Read More …

Shorts got screwed with Tuesday. Speculators far and wide have been waiting for a sell-off on the major indexes. We’ve been one of them. But shorting is a lot harder than buying. Sharp reversal rallies Read More …

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Volume leads price. Whenever you see heavy volume stacking up long or short it’s a good bet that’s institutional money. And in our opinion it’s the institutions that you want to be on the same Read More …

Heavy selling Wednesday tilts the scale back clearly in the Bear’s favor. We don’t give a whole lot of credence to candlestick charting. But another bearish candle with higher prices being unable to be sustained Read More …

Monday’s Accumulation, or buyer dominated volume, across the major indexes could mean the end to the Bear’s short-lived reign. It’s almost always riskier to be short given the propensity of the market to scream higher Read More …

Thursday’s light volume rally does nothing to change our bias. We remain bearish after institutional grade sellers began unloading for the last two weeks.

Our seller-dominated market continued to drive declines across the broader market. We expect to see the S&P 500 and Dow 30 undercut their 20-day moving averages. The Nasdaq and Russell 2000 are already below these Read More …

That’s another Distribution day notched in for the S&P 500 Tuesday. That makes it three in the past two weeks compared to two Accumulation days for the same period. We’ve anticipated this pullback. As long Read More …