Heavy sell volume warns this Bull may be losing its footing. Common sense says we’re ready for a pullback of some sort. Volume often precludes price action.
Most of our year has been made with 3D printer stocks. And once again, we have Stratasys, Inc. (SSYS) poised to breakout. Growth is good. Technical condition is good. Market is a questionable. We’re taking Read More …
Anyone trying to short is probably reaching their limits about now. That’s probably a sign things will soon be turning over, whether it be tomorrow or the coming weeks. It would be historically unprecedented to Read More …
IBM may be coming to a short-term high as it flutters under its 50-day MA. The overall market is due for selling. That’s what we expect in May. The Bull run this year will lose Read More …
It has been nearly 20 years since the S&P 500 has gone through the first four months of the year without a 5% pullback. While we’ve watched and waited, nothing has been able to derail Read More …
Broad market breakout in effect. Lack of volume and a traditionally lame time a year to be a buyer make it all very suspect. We’re not buyers here. Looking again to sell.
Nothing can take away from the Nasdaq’s breakout Monday – leery as I am of taking long positions here… Bulls want to see tech bid well. Without it, not much can be hoped for in Read More …
Two heavy distribution days for the major indexes this week makes a deeper pullback/correction likely. Now is not the time to be buying growth stocks. Our sell setup on the semiconductors from last week remains Read More …
It’s good to see an all time high for the S&P 500. Now back to business. We’re not loading the boat on new long positions for some very sane reasons: Breakout growth stocks are not Read More …
The week’s major event may very well be Friday morning with the employment report due. We won’t look too much into Thursday’s action. Recent heavy selling is enough to make us bearish for the near Read More …
Heavy selling tells us it’s time for a pullback/correction. We expect the major indexes to test their 50-day averages as the next levels of support. The key index trend setters of Transportation ($TRAN), Semiconductors ($SOX), Read More …
Heavy selling for this key index solid vote to the Bear’s cause.
