Tech Threat
With the Dow and S&P 500 just a good upside day away from new highs, it’s the tech-laden Nasdaq that flounders and threatens all as it trades under its 50-day moving average. The downtrend in Read More …
Author: GSRTrades
The Firing Line
Here’s a handful of recent and potential breakouts of top Growth Stocks to mull over, monitor and use to gauge the potential for others to succeed. We’re looking at weekly charts here:
Reflex
The major indexes are bouncing off their 50-day moving averages in what appears to be a show of decent strength as an accumulation day suggests heavy players are on board. Meanwhile, leadership from the likes Read More …
Test Time
We expect the Dow and S&P 500 to test their 50-day moving averages. I’ve been saying this all along. The Nasdaq’s high volume bar yesterday represents a grind with neither Bull nor Bear really winning Read More …
Leadership Down
We’re watching leaders Apple (AAPL) and Amazon (AMZN) for indication of what may come for the broader market. Institutional grade selling for the two yesterday makes them vulnerable, with more of the same likely to Read More …
501 Blues
We’ve surpassed 500 posts with this blog. Looks like we’re right on the money here. Distribution crept into the major indexes this afternoon, with action led lower by tech stocks, and notably the semiconductors ($SOX), Read More …
Thin Ice
Continued weakness in technology stocks, and more specifically semiconductors ($SOX), threatens the broader market. Odds of broad market selling look good. We’ll monitor intensity to gauge power of thrust. Stay tuned.
No SOX
Strength in the major indexes is vulnerable as the Semiconductors ($SOX) and Transportation Index ($TRAN) struggle to clear key moving averages. A sustained rally is unlikely without the participation of these sectors. Watch for them Read More …
Market Fuel
Heavy buying making for accumulation days across the major indexes on Wednesday bodes well for the rest of the week. Thursday morning we’re already cruising higher. Let’s see where the smart money ends this today. Read More …
Smart Money Ends It
In the last tow days we’ve seen sellers ruin early morning rallies. That’s pretty much smart money punctuating the days. Until we see rallies in the afternoon, we’re still in pullback mode. The major indexes Read More …
Hugging The 20
Major indexes hug their 20-day moving averages as they look for further direction. We shouldn’t be surprised to see a sell off to the 50-day averages given leadership from Apple (AAPL) and Amazon.com (AMZN) are Read More …
Looking Through The Window
We shouldn’t read too much into yesterday’s low volume rally. We’re still in pullback mode, waiting to see how heavy it all may get. We still think tests of the 50-day moving averages are in Read More …