Free Range
Once a new high is cracked, there’s little in the way of sellers watiting to unload at previous levels they’ve been burned at.
Author: GSRTrades
Think About It
Let’s not get too cerebral here. The market is poised to hit a new high. Once, or if, we do, we’ll get a new taste of the Bull’s potential. So often we see a strong Read More …
Dull
Price action on the major indexes, while dull, is holding the gains made the last two days, which has erased Tuesday’s heavy losses. This weekend we’ll scour the market for leading Growth Stocks. The ones Read More …
Storm Clouds
The 20-day moving averages of the major indexes (blue line) will test the conviction of sellers. The Bull easily reclaimed these marks yesterday with a steady pack of leaders that won’t die easy. More on Read More …
Resilience
It’s not how hard you get hit, it’s how quick you get up. Right? With the Bull’s up trend clearly off track we’re waiting to see what kind of strength it can muster for potential Read More …
Making Me See Red
Ultra violence running through my head Fuzzy navel y’all making me see red Rapid fire Louie like Rambo got bullets I’m a gonna die harder like my kid Bruce Willis — Beastie Boys, “Looking Down The Read More …
Cliffs, Potholes and Slopes
Major indexes are pulling back to lower ground. While the selling is subtle at the moment, there’s no telling where it might end. If we get a gradual pullback with modest volume it will appear Read More …
What’s Cookin’
Here’s this week’s scan of the market’s top stocks grouped by rank. 1= Base Setups, 2= Pullbacks, 2h= New Highs, 4= Short Patterns (that may very well turn into longs as these patterns often fail.) Read More …
Never Short A Dull Market
Global unease for the last five years has kept the heat on the financial markets. The old adage of ‘never short a dull market’ hasn’t applied. Though it should be held that dullness isn’t something Read More …
Upward Drift
We still see the S&P 500 on an upward track that will take out last week’s high. Old highs and lows act like magnets, usually. What we don’t expect is to see price action continue Read More …
Just A Kiss Away
The S&P 500’s 1367 high today comes just short of its 1370 high made last year. We’re long overdue for a correction. It may come violently. Mark these words. Dan
Head Up
Let’s look for last May’s high to be taken out. If it don’t go down, it goes up. There may be a dominance of selling volume built into the market over the last week. BUT Read More …