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 …
Category: The Breakdown
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 …
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 …
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 …
Rules Of Gravity
Naz 5,000, now the pullback. Gravity rules. Up trend remains strong. Multiple distribution days, including a small one Wednesday, create some hesitation. Perhaps we’re in the midst of a pullback to the 50-day SMA’s. This Read More …
chugalug
Major indexes inch higher. Volume patterns favor bears. We’re staying neutral. Positions Update: 20% target on WCIC hit. Cash register rung with half the initial position. Homebuilder fundamentals and techinicals bullish until proven otherwise. Stay tuned. Read More …
Bustin’ Loose
Take a picture, we’re looking at perfect breakouts on the major indexes. They don’t happen often. But more importantly, their attractiveness doesn’t really make them any better than any other new high. Gotta like the Read More …
Train Keeps A Rollin’
Major market continues higher despite a little pause for the S&P 500. Don’t think. Observe. Longs are working. Be defensive.