Tranny Top
Market looking strong. So strong, we may have to remove our Sell Bias. Bottom line is quality is ascending, shit is sinking. It’s summertime, funds gotta reallocate. Not often you see the Transportation Index go Read More …
Author: GSRTrades
Refusal To Fly
As market cap heavies catch bids at new highs the techs are floundering. We can’t have a sustained rally without the participation of techs. Forget this upside party. Stay suspicious. Stay solvent. Stay solid.
Thar She Is
And it looks like pretty soon it’ll be ‘Thar She Blows.’ Market won’t sell. Tops are processes. We’re holding our Bear flag.
Bustin’ Loose
Heavy selling has marred the Bull, which now stumbles with streaks of red bars marking its path. It’s a fight at the 50-day moving average. We’re sticking with our Bear bias. Let the market settle.
Another Honking Downer
Further distribution confirms our Sell Bias. The 50-day moving averages are in play for the major indexes. Odds are we’ll see this support crumble. But let the market do it’s thing. We’ll change our sails Read More …
Honking Downer
Sellers spoke loudly Friday. We’re still bears. Enough said.
Vigorless
The Bull is faltering, unable to sustain the charge. Multiple, yet small, distribution days have built themselves into the analysis over the past couple of weeks. We’ve held an official Seller’s Bias on for a Read More …
Trajectory
We’re looking at a new round of new highs as the indexes show few signs of succumbing to sellers. That was a puny distribution day last week. We’d need to see a lot more to Read More …
Not Complacent
The Vix says this rally hasn’t come with any increased complacency among OEX options traders. We gather this from an absence of a downtrend to previous lows on the index. But let’s not pretend it Read More …
Slick List
Here’s a quick look at stocks with combined top EPS and RS numbers: Symbol Company Name ACT Actavis plc ADS Alliance Data Sys Corp AEIS Advanced Energy Inds AL Air Lease Corp Cl A ALXN Read More …
Prepare To Come About
The Nasdaq is giving off some thunder via heavy sell volume as the S&P 500 drifts into new high territory. This rally, so far, has been tech dominated. If the Naz drifts lower it’s Read More …
Just A Shot Away
Oh, a storm is threat’ning My very life today If I don’t get some shelter Oh yeah, I’m gonna fade away War, children, it’s just a shot away It’s just a shot away — Rolling Read More …