AIM investors: For those of us using AIM, we have been selling for the past two years and have been waiting for a significant pull back. It is underway. The market takes the stairs up and the elevator down. For…
BLOG
One Day Does Not an Up Trend Make
by admin •
The markets were up Friday, but on lower volume. Monday’s IBD notes to watch distribution days when looking for market tops, and my Accumulation/Distribution indicator moved again towards the distribution side this week by another 3%, making it the third…
BLOG
NASDAQ Volume Still Signals Lower Levels
by admin •
As I noted for the past few weeks in my newsletter, and again on the WCRN AM 830 radio show on Monday, filling in for Carolann Brown, we need to see greater volume on up days to convince me the…
BLOG
Diamond Jim Signals Change
by admin •
My Diamond Jim market indicator is usually the last one to signal a market change it direction. It flipped to the buy side today.
BLOG
Caution
by admin •
One good up day does not an up trend make. Yesterday’s bounce and today’s consolidation were both on less than 2 billion shares on the NASDAQ. We need to see a NASDAQ move above 4177 to turn the bounce into…
BLOG
Down with Mixed Signals
by admin •
Happy Tax Day! A “V” day in several of the indexes today, but the signals are mixed. A Lizard Tail bottom on the Diamond Jim, but the NASDAQ and RUT are still in good down trends. Today’s “V in the…