Erasure Bear
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 …
Category: The Breakdown
Pandemic Two Step
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 …
Holding Pattern
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 …
Big Red Finger
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 …
Flying Bull
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 …
Pop Ready
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 …
Accumulation
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.
Thrust
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 …
Test, Bounce & Count
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 …
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 …
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 …
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 …