Market Analysis

We’re going to have to see a little more enthusiasm from the bulls if we are going to believe that the market is resuming its upward trend of a light-volume pullback from the past two weeks. Lowes (LOW) managed to report good numbers but it wasn’t enought to generate broad based interest from the entire

Are traders embracing the “Sell-In-May-Go-Away” theory, because the volume levels of the past week are starting to show as much. Today, which would have have been a perfect opportunity for the markets to rally strong, managed to rally over 1% but without any significant amount of buying power (i.e. volume). This is a concern for

The action that the market has provided us with over the past few days has been quite troubling for the bulls. We haven’t seen the slightest bit of extended selling since the rally began back in early March – that is over two months ago. So it will be very interesting if investors start getting

Unlike last week in which the markets took off like a rocket, today we saw the exact opposite, disinterest and hardly a buyer insight. As a result the S&P 500 saw a 2% decline, while the NASDAQ fared a little better with only a 0.5% decline. Further selling at this point wouldn’t at all be

This market run is essentially the equivalent to the sell-off that we saw for all of 2008 and the first couple of months of 2009 – sustainable beyond what was believed to be possible. It would make sense that we are are primed for a nasty sell-off as we are now extremely overbought and ready

A nice bounce coming out of the FOMC Statement released mid-afternoon saw those same gains retract to the level of gains the market held prior to the announcement. To be quite honest, the statement issued by the Fed was very weak. It was essentially a recap of what they have already done to-date – nothing

Despite significant overbought conditions, the market has performed quite remarkably, and instead of taking the gains of late and wiping them out with sudden and swift sell-offs, the selling is instead controlled and quite orderly. Volatility is substantially down and at levels necessary to see continuous gains going forward and the overbought conditions are slowly

Buying the dip continues to maintain its relevance as every sell-off is met with buying interest, thereby preventing the market from seeing significant multi-day sell-offs. Volume today was much less compared to the huge spike we saw yesterday. While we are still not all that far off of the highs of late, I don’t expect

We haven’t seen the type of price move to the downside that we got Monday in quite sometime. If I’m a bull, I’m watching this market very closely to see how the market reacts to the sell-off and any others that happen over the next few days. Even if we erase 50% of the previous advancement

Today probably didn’t seem unordinary by any means on the surface, but when you consider the volume that we saw, and the number of times the bulls tried to reverse the course the market was on, only to fail repeatedly, you have what I believe a potential early warning sign that the trend we are