Cocked, Might Be Loaded
Slight accumulation and we’re looking at a cup with handle position for the majors. Shorts must be nervous about now. This blog has been out on a bear bias, but lost conviction actually short sessions Read More …
Author: GSRTrades
Bull Herd
Here’s a collection of bases and pullbacks, as well as a few broken charts and non trending vehicles in this week’s screen for: EPS > 20% Quarterly Sales > 20% Quarterly ROE > 15% Price > 50 Read More …
Home On The Range
The patient is still vulnerable to the Bear with another dose of distribution in the system. It’s the volume clues that make any rally suspect. Price tells us we’re range bound. This thing could Read More …
LowVol Sucka Punch
Notch up another for the Bull. The Bear is nervous as it won’t take much to trigger more buying if key highs are taken out. Low volume on the move, so far, suggests it might Read More …
la-ti-da
Nothing has changed from yesterday. Don’t let the newsies tell you different.
Bear Smack
All bearish bets are off as long as the S&P closes above its 50-day moving average. That was modest accumulation for Tuesday. Nothing to change our bear bias, but enough to take away some conviction. Read More …
Zero F’s Given
The following mostly bullish trending stocks don’t appear to give a F@*K that the overall market is sagging. Too risky to buy given the backdrop. Definitely worth keeping an eye on. Here’s a short list Read More …
Heavily Wrapped
Bull be warned with price action coiled and ready to be unwound. Multiple distribution days say funds are unloading. Friday’s mild sell off on heavy volume is a likely prelude to more downside. Major indexes Read More …
Brace Up
A little rally to keep the Bear on its toes. However, the dominance of recent, heavy selling prevails. Bear bias remains as long as price action on the major indexes holds below 50-day moving averages. Read More …
Another Wallop
Chalk up another distribution day. That’s two consecutive days of heavy selling. Permission granted to go short. Position Update: Short XLF. First Target 22.90, a conservative grab just under 200-day MA. Second Target 22. Read More …
Bear Wallop
The Dow, S&P 500 and Nasdaq all received a severe walloping from the Bear. Distribution under the 50-day averages confirms the bear bias we’ve held. Short ’em if you’ve got the stomach. Best shorts Read More …
Gettin’ Tight
Price action on the major indexes is mostly hugging the 50-day averages as volatility contracts. What gets tight eventually unravels. Perhaps we’ll consolidate before a new breakout. Perhaps we’ll see a new driven sell Read More …