Hanging Tough
Growth Stocks, as our group of screened, top performers indicates, are holding firm. This is to be expected as the broader market maintains its bullish qualities, quiet as they are. Nothing stellar enough for a Read More …
Author: GSRTrades
Balled Up
Beware the contraction in volatility. We’ve been waiting a long time for price action to break. Multiple days of accumulation built into the scene continues to suggest we’ll see a breakout. But never count out the Read More …
One Way Or Another
Coiled price action threatens to break one way or another. Odds are it’ll be North. Not much evidence of breakdown in the technicals. Monday’s low-vol rally means little. But it’s low means everything. We’re watching Read More …
The Big Fat D
Bear takes the ball as distribution across the market coupled with a 50-day sma test for the S&P 500 has everyone looking down. Fifty-day averages are in play. Closes below these markers will have us Read More …
Definition
Clear cup-and-handle pattern on the S&P says breakout or die. Last week’s hi-vol Fed day put a fire under the Bull. The Bear has yet to counter with anything. Chart structure remains in upward channels Read More …
Letting Loose
The bull is strong within this week’s select list of top earners. Licking our chops over lower bases setting up… Screen Based On: Sales > 20% Quarterly EPS > 20% Quarterly ROE > 15% Price Read More …
Momo vs. Sell Vol
My friends in the media sure do write a lot about nothing, imho. The market might go up, it might go down. That simple. Journalists can gather all the stats and releases to make sense Read More …
Bull Style
Little chart corruption among these top sellers and earners. We’re mostly looking at pullback from highs as well as new highs. This strength weighs into the Bull side of analysis. Hard to be a bear Read More …
The Claw Back
Mixed signals as the S&P 500 manages to reverse recent losses and close above its 50-day MA. Serious dumping of shares has yet to be countered with accumulation. There is no real deterioration among the Read More …
Bull Down
Clear distribution Tuesday. Fifty-day MA’s tested on majors. Bounce watch.
Touching Down
Easy layup with the major indexed hanging just above their 50-day MA’s. We’ll see a test soon. Major distribution day Friday = Just another sign funds are on the defense. However, we’re seeing top names Read More …
Majors’ Majors
A casual look at the major indexes moving averages tells us it’s trend up. A three year old would confirm it. Easy to call a pullback. But fear what’s easy. This kind of action may Read More …