We are in a market that really does not want to give up its gains even though stocks are overpriced and overbought. The excuse for the selloff the past few… read more →
The NASDAQ Composite shows another day of testing for supply, and once again, there was little supply as the index closed in the upper 2/3 of its daily trading range… read more →
Traders saw more absorption volume as the NASDAQ tested supply, but found little as the index closed at 95% of its daily range after being red much of the day.… read more →
Using the SP 1500 stocks for market analysis and stock selection with indexes created by HGSI and the Spectrum Analyzer.
The transportation stocks continued their amazing run on Friday. Small caps and weaker groups also joined the climb higher as money flowed into homebuilding and biotech stocks. Several stock,… read more →
Yesterday saw a slight uptick in accumulation, but volume was once again light. This morning, the ECB announced a cut in interest rates from .25 to .15 which at first… read more →
Demand was light again yesterday for most indexes. Only the DJT had volume above its 20 day moving average volume, but did not surpass its 50 DMA volume. The small… read more →
The Memorial Day shortened week on Wall Street started out strongly with a 1.2% gain for the NASDAQ on Tuesday, but for the following three days the index only managed… read more →
This is a confusing market to get a sense of overall market direction. The last three days have seen distribution within the indexes as declining issues have led advancing issues,… read more →