Boom-a-Bull
We’re still holding our Sellers’ Bias as long as the volume stacks up convincingly against the Bulls. Price action for more than a year now has been like a boom-a-rang that keeps coming back to Read More …
Author: GSRTrades
Truth And Reactions
Upward drift in price action lacks volume, lacks conviction, lacks sustainability. We’re long overdue for a correction. The only thing the Bull has going for it, outside of a solid economic base underpinning its Read More …
Shellac That
Sellers handed over another royal flush Monday. The smell of panic has set in with sell volume days steadily rising over the past three weeks. Distribution galore. The 50-day averages have been convincingly taken Read More …
Rub-a-drub
The shit storm of sellers hasn’t quite passed as Wednesday’s distribution day now makes no. 3 in about a week’s worth of trading. All of the major indexes and key sectors of retail, semiconductors and Read More …
Derretir Hasta!
Derretir Hasta! Spanish for melt up. It’s our way of saying again what we suggested last week. The tech heavy Nasdaq is leading the charge north, as the S&P and Dow follow closely toward new Read More …
Heigh Ho
No one is surprised to see a fat, red distribution day to greet the weak. Goldman has come out to the media as a bear. No telling how long they’ve been actual bears. But interest Read More …
VIX Ease
All is quiet on the the VIX front. OEX options traders are complacent. They can stay complacent for weeks. Though, inevitably, this measure of volatility is due to spike in the future, reflecting fear in Read More …
SOX High
I won’t turn all out bearish until the semiconductors breakdown, which obviously isn’t happening as a new high is made here.
Melt It Up
There’s rarely anything easy in this biz. Two days of distribution in the beginning days of 2014 has now been met with a flurry of buyers to mark an accumulation day. We’re now on watch Read More …
Second Sell Sign
Monday marked another distribution day for the major indexes. Sellers are in control. Odds are we’ll get another 50-day MA test. Growth stocks remain well bid in a continuing vote of confidence for the bull.
Sell ‘Em
Heavy dose of selling to start 2014. Portfolio dressing is over. No reason for funds to buy top names to show they had em’ when they’re hot. Right now it’s a matter of seeing Read More …
Keeping It Simple
First screen of the year, Top Growth Stocks listed by EPS ranking, all possessing RS values of at least 80. More on the pattern(s) here soon… Symbol Company Name ACT Actavis plc BITA Bitauto Hldgs Read More …