Not quite the Follow Through Day we want
Nice rally, but not quite the Follow Through Day we want. The S&P 500’s 4% rally is just the price advance we want. But with volume coming in shy of yesterday’s it’s not the sign Read More …
Author: GSRTrades
The more the better
Our Follow Through Day (FTD) watch begins Thursday. At this point we have some degree of comfort that the short-sellers have had time to exit the market. Any heavy buying from here on out will Read More …
Massive Rally = Nervous Shorts
Massive Rally = Nervous Shorts We’ve been here before. Our new potential low set Tuesday starts our four day count for when we go into Follow Through Day (FTD) watch. For those who don’t know, Read More …
No more counting…
No more counting days for a Follow Through. New lows for the market knocked out our potential bottom. That’s the way it goes… We’re still thankful for holding on to cash…
Looking for key events
So that’s the bottom? We’d never make such a claim. Should the market rally from here we’ll be looking for key events. As intermediate-term Growth Stock breakout players were looking for Follow Through, or high Read More …
Erasing of a decade of gains
U-G-L-Y, you ain’t got no alibi. Heavy selling over the last few weeks won’t let up. But what’s strange is we’re not hearing a whole lot of chatter from the common folk, despite the erasing Read More …
Too easy?
Charts like this that make the downward trend look all too easy are prone to fake outs. But our strategy has nothing to do with near term jerks in the market. We continue to hold Read More …
Another conflicting signal
Another day, another conflicting signal. Wednesday’s distribution cancels Tuesday’s distribution. At this juncture it seems petty to view each day as meaningful. Let’s keep the big picture in mind, which shows a dominant trend down…
They’re clear sellers
Nothing to suggest this market won’t go any lower… Institutions are clearly in selling mode with three days of clear Distribution over the last two weeks… THE GROWTH STOCK REPORT
The latest take on Jim Cramer
We always love to point out how poorly the media whore stock pickers do. Here’s the latest take on Jim Cramer by Barron’s: “Cramer’s recommendations underperform the market by most measures. From May to December Read More …
No confidence
Heavy selling on the day of the economic stimulus package being signed into effect doesn’t seem to bode well for the market. But despite some Technology names showing some subltle signs of a willingness to Read More …
The trouncing lingers…
The market didn’t like Treas. Sec. Geithner’s stimulus plan. Whether it was lack of details or a ‘sell the news’ scenario doesn’t matter. The fact is Tuesday’s heavy selling from instituitions sticks out like a Read More …