Big Red Finger

Posted onSeptember 12, 2016AuthorDan

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 …

Doldrums

Posted onAugust 21, 2016AuthorDan

Best to sit tight when it’s late summer and subtle price action leaves little to say. Cash is avery good place. Broad-based sector participation in new highs affirms market strength. There’s little technical evidence to suggest Read More …

Flying Bull

Posted onJuly 17, 2016AuthorDan

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

Posted onJune 19, 2016June 19, 2016AuthorGSRTrades

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 …

Pop Ready

Posted onJune 5, 2016AuthorDan

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

Posted onMay 18, 2016AuthorDan

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.

Packing Red

Posted onMay 15, 2016AuthorDan

Major indexes are poised for new highs: But… Sell Bias remans. Dominant selling threatens this bullish scenario with three, clear distribution days weighing in on the tight range that’s formed on the S&P 500 over the Read More …

Range Top

Posted onApril 17, 2016May 19, 2016AuthorDan

Price action rules. It’s been a Bull’s market for several weeks. We’re just under all time highs on the S&P 500, testing the upper technical range put in place at the end of 2015. SELL Read More …

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Heads Up

Posted onMarch 27, 2016AuthorDan

The Bull appears to be back with the S&P 500 making its second consecutive weekly close above its 50-day moving average. But the Sell Bias remains here. Don’t let appearances fool you. Leadership is coming Read More …

It’s The 80’s Again

Posted onFebruary 8, 2016February 8, 2016AuthorDan

The Bear’s got a heavy claw in the action with S&P 500 price action back under 1,900. Sell Bias holds – as it has for months. We’re trend down, below the major moving averages, with Read More …

$OVX, No Bueno

Posted onFebruary 3, 2016February 3, 2016AuthorDan

An elevated Oil Volatility Index isn’t good enough reason alone to short crude. However, it’s tough to be a true bull as this measure of fear in that market warns.

Thrust

Posted onFebruary 1, 2016AuthorDan

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 …

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