Falling Uphill
The market overall is showing incredible resilience. However, there are only a handful of stocks keeping it moving up. Leadership is pretty week. It is likely we will see the bulls and bears fight it…
The market overall is showing incredible resilience. However, there are only a handful of stocks keeping it moving up. Leadership is pretty week. It is likely we will see the bulls and bears fight it…
It is unique to see the market continue to move up with this much negativity. A pull pack like to today felt inevitable. It is also unusual to see 17 trillion in market cap make…
The Capitalized NHNL blew up its bearish divergence the other day, but all of the other ones are still intact. Even though the market has moved higher, participation in the rally continues to shrink. The…
The market the last few days looks like a battle between the bulls and bears. Neither is gaining much ground…or giving much up. The market is still sitting in a tight range over the past…
The market moved up for the first hour and then reversed for most of the day before gaining back some of the loses, but still closed below the open. Both the NHNL and Capitalized NHNL…
My personal belief (which does not really matter) is the market was looking for a reason to pull back and finally found one! One never knows what the catalyst will be that breaks the status…
Looking at the hourly chart, the market has been stuck in a range between 6700 and 6775 that it has bounced between multiple times since the beginning of the month. Negatives continue to build. This…
The Market opened up and almost immediately moved downward for a few hours before trading in a range the rest of the day. Is this just a typical pull back or the beginning of something…
The market continues to be in a tight range that drifts upwards. The NHNL reversed on Friday and was positive. That bodes well for a potential up week. Friday started up and then drifted down…
The market continues to drift upward from its pull back last week. I am still skeptical as to how long this can continue. The Net NH/NL continues to diminish and there have been more new…