Recent Entries

  • Burn Bears Burn

    Bears are feeling the heat as the Naz regains its 50-day moving average. We’re not all that far from a new high. Enough short sellers ready to bail could easily drive this thing higher if the squeeze gets any heavier. 50-day averages on the majors is key. Only closes above these marks will be taken […]

  • Recovery Zone

    The broader market is a recovering patient. Recovering from a steep fall that has it south of its 50-day moving average and wondering if it’s next stop may be down to its 200-day average. Leadership is shot. Breakouts aren’t happening. Bullish setups are few – though we do like Tesla TSLA – because we’re long […]

Chart Watch

  • The Russell 2000 is all alone under its high mark as the Dow, Naz and S&P 500 hit fresh breakouts. Our attention is focused on this small cap index because 1. That’s where we often find the best growth stocks and 2. This is a former leader in the recent bull market, so could be […]

  • S&P 100 options traders are complacent, according to the VIX chart above. This Point & Figure interpretation of the indicator, with all the X’s and O’s, cancels out the noise of traditional charts by only marking significant moves. Clearly a breakdown to record lows makes a counter move up inevitable, which means selling is on […]