May 21, 2018

The following was written Sunday, May 20. Stocks give a good account of themselves overall as participants contend with a rising-rate environment. Leadership has been very good, with volume the obvious sore spot in the averages, especially New York Stock Exchange volume. Nasdaq activity has been better, but even this leaves something to be desired given the existence of just one major accumulation... [more]

February 13, 2018

The following was written Tuesday evening, Feb. 13: Position traders will wait for one of a few things to occur before initiating new positions in the growth sector: 1) An O’Neil follow-through day (FTD), Since Tuesday was Day 3 after the low close of 2/8 in the Nasdaq and S&P, the next day in which price rises a substantial amount on volume > the prior day’s... [more]

January 29, 2018

Trend, breadth, and leadership are all positive and the accumulation window remains open for institutions. According to a wire service, the market has gone 18 months without a 5% reaction, the longest in history. Heady stuff, indeed. As noted last time, “…more fundamentally sound growth names have been building and breaking out of bases than at any time in recent memory. This is the... [more]

January 18, 2018

Historically, there has been an average of two particularly auspicious times to acquire stock each year. The current period, which began the day after the new year, is considered such a time. Critically, more fundamentally sound growth names have been building and breaking out of bases than at any time in recent memory. This is the key factor that differentiates this period from any other... [more]

October 19, 2014

“Learn as much as you can. Read and listen to experts, but keep a degree of healthy skepticism about everything.” — Dr. Alexander Elder   We had been on the lookout for a selling climax, a day in which market participants capitulate by throwing in the towel en masse. Preferably, such a session will begin with a panic-driven... [more]

October 12, 2014

  “I neither have nor adhere to an inflexible system. I modify my terms and conditions according to circumstances.” — Jesse Livermore   Prior to last week, we had been talking about being on the lookout for a positive test of a prior low by the Nasdaq as being the first step in the index putting in a durable bottom... [more]

October 5, 2014

“Character is higher than intellect.” –Ralph Waldo Emerson Despite Thursday’s morning reversal and Friday’s follow-through higher, shares remain in a 5% reaction without any accumulation days in four weeks. Leading stocks corroborate the behavior of the averages. Few growth titles set up. For intermediate-term speculators, or those seeking to hold... [more]

September 8, 2014

“Many of life’s failures are people who did not realize how close they were to success when they gave up.” –Thomas A. Edison From a standpoint of market health, we believe the most important names to watch are TSLA, FB, BIDU, TWTR, LNKD. These names are widely held by institutions, and not just any institutions, but institutions... [more]

September 1, 2014

“The best indicator I know is trend. The other good ones are trend and trend.” — Ed Seykota Shares give a good account of themselves. We are not concerned about the lax volume accompanying this three-week advance due to it occurring in August, the month that is most popular for vacations. ... [more]

June 8, 2014

“Many people think the object is to get out close to the top. They forget that the real object is to make money.” — Jeffrey Cooper Last week, shares were productive with the Nasdaq Composite stretching out of a three-day handle. Volume remains lax, though Thursday’s Naz turnover was the most in the prior 14... [more]