NAAIM and AAII bulls do not always move hand in hand. Understandably so. They represent two different buying sources. Currently, they are going their separate ways. The spread between the two is fast approaching a level that in the past … Continued
Overbought on the daily timeframe, major US equity indices are right at, or near, the upper bound of the recent trading range. Volume has dried up, and bulls are staying put, hoping for a breakout. Should one come about, there … Continued
The announcement of QE4 last week failed to stabilize stocks. This is unlike how they behaved during QE1/2/3. Fear rules. Just a month ago, greed did. Sentiment will reverse. Last week, major U.S. equity indices were once again slammed. Even … Continued
After rallying in June and most of July, stocks began selling off late last month. Bulls nonetheless have managed to defend major support, even as stars seem to be lining up for them – magnitude and duration notwithstanding. Bulls are … Continued
Off February 11th lows through recent highs, U.S. stocks rallied handsomely, ranging from nearly 23 percent on the Russell 2000 small cap index to nearly 17 percent on the S&P 500 large cap index. Probably enough to take care of … Continued