Packing Red
Major indexes are poised for new highs: But… Sell Bias remans. Dominant selling threatens this bullish scenario with three, clear distribution days weighing in on the tight range that’s formed on the S&P 500 over the Read More …
Category: Archives
Range Top
Price action rules. It’s been a Bull’s market for several weeks. We’re just under all time highs on the S&P 500, testing the upper technical range put in place at the end of 2015. SELL Read More …
Heads Up
The Bull appears to be back with the S&P 500 making its second consecutive weekly close above its 50-day moving average. But the Sell Bias remains here. Don’t let appearances fool you. Leadership is coming Read More …
It’s The 80’s Again
The Bear’s got a heavy claw in the action with S&P 500 price action back under 1,900. Sell Bias holds – as it has for months. We’re trend down, below the major moving averages, with Read More …
Bounce Watch
Good to be a bear. The Sell Bias held here for months has served well. We’re looking for a bounce on the major indexes as they test key support levels. If we do bounce, we’ll 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 …
Weathered & Whittled
Overall market is suspect with low numbers of stocks matching our screen for superior fundamental and technical properties. This whittling is primarily from price action falling below the major averages. The weathered survivors here represent Read More …
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 …
Wicked, WCIC
Ideal high-vol breakout on WCI Communities (WCIC.). This blogger is all in after mentioning any break through 20.25 would be an invite. That 20 mark is a big psychological one. Note that’s a weekly chart above. Read More …
It’s That Easy
Broad-based breakout in effect. Waste of time to think. Just watch… watch for signs of buy-vol drying up and/or leadership breaking down. It’s that easy. It is. Bear Bias down. Neutral Bias Up.
Burn The Burned
Homebuilders are back. This blogger’s anticipation of an industry wide breakout soured after a couple of less than rosy outlooks from key companies sent investors into defensive mode. That big, fat red volume bar tells Read More …