We tested our 20-day accumulation/distribution rules against five years of SPY data. A high distribution count flagged elevated drawdown risk, but it did not predict lower prices. Read More …
Dear Readers: Friday we kicked off May trading with a broad sell-off on the major indexes, erasing gains made earlier in the week. Lack of volume shows less fervor for the Bears. The month of Read More …
Dear Readers: The Growth Stock Report resumes after a long hiatus. It’s a new market. Time to reset. It’s great to be back! US Major indexes hold gains after taking back about half their losses Read More …
Growth Stock Bulls Beware. The Bear’s dominance shows with multiple distribution days on the major indexes, which are trending under their 50-day moving averages. The Sell Bias here holds, at least for the next ten days, until Read More …
Sell Bias In Effect. Friday’s steep sell off on heavy volume reeks of institutional dumping. That’s two days of distribution in a row for the S&P 500 and Dow 30. You should have been aware. The Read More …
There’s no denying this broad based rally into northern territory. Lots of evidence suggests it has legs. We’re going with a Buyer’s Caution bias. This rally has a real shot of sticking. Bullish Technical Signals Broad Read More …
Bullish charts for the major indexes… looking like they wanta pop new highs. The S&P 500 is wound tight in a bullish-cup-and-handle pattern. History says this kind of thing will lead to a breakout. Read More …
Look out Bear. Buying power kicks in just under the 50-day MA. We’re still bears, but this could give give some upward thrust into the end of the week.
Back to back accumulation days on the S&P 500 gives the Bull some momentum going into February. It’s mostly been energy stocks bouncing off lows, so we won’t get too excited. Yet a broader bounce is still Read More …
We’re three trading days into the bounce we anticipated. A bounce off the S&P 1,850ish level is logical. And it’s also likely to be largely rooted in short seller covering. We’ll give it another day Read More …
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 …
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 …
