Doldrums

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 …

Accumulation

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

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 …

Heads Up

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 …