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: Market Bias
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 …
Market Bias, June 18
Updated 06/17/16 NO Bias Bulls and Bears alike need to take caution, say the volume and price trend indicators. Accumulation/ Distribution* S&P 500 6/5 NASDAQ 4/5 DOW 30 3/6 No clear dominance in volume to suggest Read More …
Chop ‘Em Down
Three days of quick and heavy selling strike deep into the market’s heart. Vultures circle a bloodied and stumbling bull. But is it dead? Our bias shifts down to Bear mode. It’s a reflex that 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 …
Buyer’s Caution, Bias Shift
–> Buyer’s Caution We’ve shifted our bias down to Buyer’s Caution as multiple distribution days, a lack of leadership and an expected seasonal shift in sentiment appear to have set in for awhile. This is Read More …