Not To Play
Sometimes, the only winning move is not to play. It’s been a real nowhere year for the major U.S. indexes with horizontal moving averages illustrating the stagnation. Under the hood, individual sectors have had varying Read More …
Author: GSRTrades
Holiday Mode
Almost unprecedented sideways action on the major indexes this year doesn’t do much to excite as we stare down the tunnel to the year’s end. We’ve played it cool all along here, staking out a Read More …
Pickers’ Market
A few bright spots in a mostly dull market might affirm that fund managers are loading portfolios with only the best stocks to show their customers. There could be other reasons, but we won’t get Read More …
The Setup
The broader market’s rally off recent lows lacks conviction. Modest distribution Friday gives the finger to recent, modest accumulation. Not much for a bull to hang his hat on, but the technicals have indeed improved. Read More …
Drift
A second week of modest, upward momentum scares the bears into covering short positions. This dull and leadership lacking rally is suspect. No real evidence of institutional buying en masse. Volume is generally lighter. It’s not Read More …
Bear Bumpin’
This week, only TAL Education Group (XRS) met our stock screen criteria – and is nothing to consider buying given the dominant bearish environment for U.S. equities. We’re staying bearish for: Lack of upside leadership Lack of accumulation. Read More …
Barren and Lonely
It’s a bleak scene for the Growth Stock landscape. All of the major indexes are trending below their 50 and 200-day SMA’s with a clear predominance of distribution. Very few, if any, candidates for upside Read More …
Bear Nothing
It’s a seller’s market. No institutional follow through coupled with a lack of leaders gives no confidence for the bull. Gotta stick to what is, not what should be. Without this evidence of large fund Read More …
Hangman
Could be tomorrow, could be days, weeks and perhaps months before we can all recognize a discernible top in the broader market’s price action. The steep sell off last week has the type of institutional Read More …
Fall
We’re down to six qualifiers for our Standard Screen of Growth Stocks. This hasn’t been so low for years. But this is good. The broad market has mostly gone sideways for 20 months, making it very Read More …
Chop ‘Em Down
Three days of quick and heavy selling strike deep into the market’s heart. Vultures circle a bloodied and stumbling bull. But is it dead? Our bias shifts down to Bear mode. It’s a reflex that Read More …
Halved
Growth stocks are regrouping with the number of stocks qualifying for our screen roughly halved in this broader market pullback. This is when the deck gets reshuffled. It’s a litmus test. The stronger of our Read More …