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 …
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 …
Not much has come up to sway this blogger from being a Bear. Yeah, we’ve rallied a bit. BUT, there’s little volume on the move, which equates to little conviction. Let’s call it a lack Read More …
Reflex rallies on the major indexes had to be expected. The Dow posted accumulation, the Naz and S&P did not. Bear bias sticks. Potential upside leadership in play the following Sector ETF’s trading decisively above Read More …
More selling on the S&P 500, but not as heavy or as low as yesterday. We’re still bears. Positions Update: Shares in TWTR and WCIC were dumped for very small losses. That’s the only way Read More …
Three distribution days in a row for the S&P 500 and this Bear train’s a rolling. We’re looking for the major indexes to take more attempts at regaining their 50-day averages. If we don’t see Read More …
The Bear continues to dominate with a clear distribution day under the major indexes’ 50-day MA’s. We’ll maintain our bear bias until the market proves otherwise. Positions Update: We got out of RYL after a Read More …
In this blogger’s humble opinion: Bear camp rules. BUT, neither Bears nor Bulls have a whole lot to cheer about from recent action. Major indexes continue to wrestle with their 50-day moving averages. Transports, $TRAN, Read More …
Friday’s trading means little. Just a little sell off on low volume. Nothing major to analyze here. The 50-days are being wrestled with. This is just more wrestling that began this week. Don’t listen to Read More …
The Bull weighed in with a modest accumulation day Thursday. It’s not enough to negate our Bear bias, though it would be considered the start of something new if we see more of the same. Read More …
Modest gains on the heels of two distribution days doesn’t hold much weight toward altering our Bear bias. Today was likely a start of some back-and-forth on the major indexes as the 50-day moving averages Read More …
Gotta keep your bear hand strong as a more assertive follow up to yesterday’s selling puts a crimp in the Bull’s form. Second distribution day in a row translates to funds giving this environment the Read More …
Heavy, broad-based institutional grade selling sent a clear message Monday. If the 50-day averages don’t serve as support here we’ll anticipate a shakedown in leadership to ensue. If the 50’s hold, we’ll anticipate VIX compression Read More …