How To Know How Low Is Low

We are now well into the market selloff that started just a little over a week ago in mid February and the body count is still rising.  Stocks that had shown relative weakness have continued their descent, but now even heretofore strong stocks are joining in the selling.  There are technical reasons for this that … Continue reading How To Know How Low Is Low

‘A Bubblin’ Crude

There's an old saying that Generals are always fighting the last war.  In similar fashion, many stock market participants do the same thing.  Since the great market swoon in December of last year, market pundits on video and print media obsess about the return to the new lows, or at least a test thereof.  The … Continue reading ‘A Bubblin’ Crude

Now What?

Following an extended period of prices steadily ratcheting higher, the stock markets finally collectively hit some wild turbulence.  The speed and ferocity of the past week's decline was alarming particularly because over the past 2 years, people have been lulled into believing that a steady, low volatility advance was the new normal.  In fact, it … Continue reading Now What?

AAPL Inflection Point

In the very recent update on AAPL, we opined that the trend on the stock appeared intact and unless some indicators showed divergence, we would have to default to being long.  In the weeks since, we've observed some interesting price action on this stock shown by the charts following. (charts by stockcharts.com) Quite a few … Continue reading AAPL Inflection Point