Author: Jeff Pietsch

Equity prices have broken out above their early October 2008 oscillations and look set to fill some of the gaps lower from September one year ago (SPY $110 anyone?). Internals are very strong and at trend-day levels, if you...

After a brief spate of opening sell pressure, the S&P 500 held its ground firmly at the daily pivot and price is now challenging pre-session highs up and over the October 14th 2008 reaction. Internals have continued to...

The early gap bounce off the five-day moving average and fill has faded to a lateral trade with up and down volume about evenly matched and the advance – decline line likewise running sideways near zero. Cumulative tick...

(Click Image to Enlarge/ Glossary)The markets moved back into bull mode last week with another one of those performances often not seen in a year, let alone four days. In fact, the S&P 500 (SPY) closed higher by another...

After marking new highs in the early morning session, equities are struggling under their declining VWAPs and apparently heading towards their respective pivots. The semis are being hit particularly hard. Cumulative Tick and...

The S&P is making its second attempt to break R1 (say $104.20) on growing strength in the internals. At this point, I assume we break that resistance with everything aligned to the upside. However, as moderated at they are,...

Internals are strong and increasingly so, although that last volume peak has price taking pause. It’s easy in hindsight to see yesterday as consolidation — but this last up-move puts us into better defined overbought...

US equities gapped higher on overseas strength during the Monday holiday and more M&A news. At the mid-day, internals are mostly positive with the exception of cumulative tick, suggesting a cumulative proclivity to sell at...

(Click Image to Enlarge/ Glossary)In spite of higher markets across the board after Friday’s Jobs report showing a higher than expected unemployment rate set against fewer job losses and greater household earnings, US...