Vigorless
The Bull is faltering, unable to sustain the charge. Multiple, yet small, distribution days have built themselves into the analysis over the past couple of weeks. We’ve held an official Seller’s Bias on for a Read More …
Category: The Breakdown
Trajectory
We’re looking at a new round of new highs as the indexes show few signs of succumbing to sellers. That was a puny distribution day last week. We’d need to see a lot more to Read More …
Not Complacent
The Vix says this rally hasn’t come with any increased complacency among OEX options traders. We gather this from an absence of a downtrend to previous lows on the index. But let’s not pretend it Read More …
Prepare To Come About
The Nasdaq is giving off some thunder via heavy sell volume as the S&P 500 drifts into new high territory. This rally, so far, has been tech dominated. If the Naz drifts lower it’s Read More …
Just A Shot Away
Oh, a storm is threat’ning My very life today If I don’t get some shelter Oh yeah, I’m gonna fade away War, children, it’s just a shot away It’s just a shot away — Rolling Read More …
Boom-a-Bull
We’re still holding our Sellers’ Bias as long as the volume stacks up convincingly against the Bulls. Price action for more than a year now has been like a boom-a-rang that keeps coming back to Read More …
Shellac That
Sellers handed over another royal flush Monday. The smell of panic has set in with sell volume days steadily rising over the past three weeks. Distribution galore. The 50-day averages have been convincingly taken Read More …
Rub-a-drub
The shit storm of sellers hasn’t quite passed as Wednesday’s distribution day now makes no. 3 in about a week’s worth of trading. All of the major indexes and key sectors of retail, semiconductors and Read More …
Derretir Hasta!
Derretir Hasta! Spanish for melt up. It’s our way of saying again what we suggested last week. The tech heavy Nasdaq is leading the charge north, as the S&P and Dow follow closely toward new Read More …
Heigh Ho
No one is surprised to see a fat, red distribution day to greet the weak. Goldman has come out to the media as a bear. No telling how long they’ve been actual bears. But interest Read More …
Melt It Up
There’s rarely anything easy in this biz. Two days of distribution in the beginning days of 2014 has now been met with a flurry of buyers to mark an accumulation day. We’re now on watch Read More …
Second Sell Sign
Monday marked another distribution day for the major indexes. Sellers are in control. Odds are we’ll get another 50-day MA test. Growth stocks remain well bid in a continuing vote of confidence for the bull.