Recent Entries

  • 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 […]

  • Tired Yet Charged

    We’re just not that bullish, despite what ‘they’ say. Shares, by and large, have held up well this summer. There’s no apparent shortage of Bulls expressing their sentiment for what some call “undervalued” and others “ripe for market growth.” The reality of price action has the tech-laden Nasdaq in a holding pattern since the end […]

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 […]