• S&P Wreaking Havoc On Bears

    Today Mr. Market has been utterly ruthless on the bears. We gap way down on not-so-great earnings from Goldman (GS), IBM (IBM), and Texas Instruments (TXN), and despite those efforts the bulls manage to, once again, go on a buying spree off of the lows. I warned of a possible gap fill from

    By |Published On: July 20, 2010|1 min read|

  • NYSE Reversal Indicator

    The NYSE Reversal Indicator uses the advance/decline ratio with a stochastics overlay. The bottom half of the chart is the weekly candles of the S&P. The chart itself goes back two years. Some folks have criticized me for posting this chart in the past saying that it isn’t 100% accurate – but if it was,

    By |Published On: July 17, 2010|2 min read|

  • The Silent Resistance Level

    The S&P has been butting its head up against a nasty and untalked about trend-line just overhead, and what you are seeing today, is the total rejection of the bulls to move past it. By the way, the selling we are seeing is just lovely…but I can’t help but take it with a grain of

    By |Published On: July 16, 2010|0 min read|

  • Jobs & PPI

    By |Published On: July 15, 2010|0 min read|

  • NYSE Reversal Indicator

    The NYSE Reversal Indicator uses the advance/decline ratio with a stochastics overlay. The bottom half of the chart is the weekly candles of the S&P. The chart itself goes back two years. Some folks have criticized me for posting this chart in the past saying that it isn’t 100% accurate – but if it was,

    By |Published On: July 11, 2010|2 min read|

  • How High Can This Market Go?

    Bears are getting a bit nervous in recent days from the broad-based rally the markets have seen since the beginning of the month. The chart below incorporates the use of the Fibonacci retracement tool, which is very useful for measuring/predicting the extent of pullbacks in a bull market or rallies in a bear market. At

    By |Published On: July 9, 2010|1 min read|

  • Update on the T2108

    Here’s an update on the T2108 going back a little over two years – as you can see, the market has done a fairly good job of working off its oversold conditions. The T2108’s purpose is to measure the percentage of stocks trading above their 40-day moving average. There is a little more to it

    By |Published On: July 8, 2010|0 min read|
  •

    Hold…HOLD…HOLD!!!

    From time to time, I have to post this video, because it so eloquently (and yes somewhat graphically) captures what all of us bears must do on days where the market runs totally hog-wild, as it did today. If you are a regular, then you know that I am actively hedging my portfolio against this

    By |Published On: July 7, 2010|2 min read|

  • S&P Intraday Trendline Broken

    The intraday trendline (using 5 minute candles) that goes back to the wee-early morning hours last night has broken in a very decisive manner. We are now looking at filling the gap from this morning's open. What a killer that would be for all the bulls.

    By |Published On: July 6, 2010|0 min read|

  • NYSE Reversal Indicator

    The NYSE Reversal Indicator still managed to continue its upward move, despite this week’s pretty destructive market action. Another such week of this could stop short the indicator from bouncing off of the top range of the chart as it has done historically. If that happens (and rarely does it ever), the doom and gloom

    By |Published On: July 3, 2010|1 min read|