We had a classic low-volume, oversold bounce off of support today. The textbook short setups haven’t worked well for the bears. We had some clear distribution lately but after tomorrow, Bernanke’s printing...
Read MoreInternals look good on this nice little trend day, but of course we’ll want to watch this key level closely (see magenta dashed line). [Add:] Oh, next key resistance will be approx. SPY $133.50 (correction, I meant $134.50...
Read MoreI’m delaying the highly anticipated TLT study mentioned yesterday to allow time for further research and reflection. In the meantime here’s a simple model you can replicate on the “Rotation” tab of...
Read MoreA bit of fear crept in early as puts were flying, but the buyers were able to turn things around by close. Breadth was still negative but some of the momentum big caps like Apple, Netflix, Amazon, Google and Baidu managed to...
Read MoreIt’s not atypical for support to be undercut before making a comeback. Think fake-out both ways. Of course in this case we have sliced both the 50-day moving average as well as the multi-week up-trend line. With next...
Read MoreWith this post I want to share a simple GAP fading strategy. In my never ending desire to find complementary strategies to my existing portfolio of strategies. I looked into GAP fading. What’s GAP fading: Assuming a stock...
Read MoreWe had a total breakdown of the high-multiple leaders as well as a failed move higher in the morning. After the bell, internal memo from Hewlett Packard CEO seem to indicate a very tough 3rd quarter is on the way. This helped to...
Read MoreNo catchy single title can capture this action. After closing a moderately sized lap down, price was reeled back in and is now struggling to recapture VWAP on mixed internals featuring weak inter-market leadership. Related...
Read MoreAs of 90 minutes in today the biggest slope improvements in the Lazy Portfolio are in XLB and EEM. This is the hourly bar chart and it helps illustrate how far those two ETFs fell last week relative to the other 3...
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