Stocks Close Near Their LOD But Lack Of Volume Indicates There Is Still No Distribution Since The 11/28 Follow-Through; IBD 100 And 85-85 Finish In The Green

December 3, 2007 | 4 Comments

Stock indexes started the day off in a nice steady slow trend higher. But around 1PM on the east coast, stocks decided to put in their highs and subsequently sold off the rest of the trading session closing near their lows. I saw some talking heads indicate that we have seen the top and saw others say that they were more bearish than at any other time since 2000. However, RIGHT NOW, I don’t see it, because I follow the general trend of the market and right now the trend is up.

Posted by Joshua Hayes | Filed Under Free Commentary

IBD 100 And IBD 85-85 Are Officially In A “Confirmed Rally”; Excellent Price Action Today Signals Bulls Have Indeed Regained Control Of The Market On The Short-Term

November 29, 2007 | Leave a Comment

The one thing this market should be teaching everyone right now, no matter if you are new or experienced is that it is always silly and stupid to marry either the bullish or bearish side. What we are seeing right now is a stock market that is going to do its best to make sure every single trader out there who is either a perma-bull or a perma-bear gets washed out by the wild (nothing compared to 2000-2002) crazy market.

Posted by Joshua Hayes | Filed Under Free Commentary

Stocks End Mixed On Heavy Volume; Churning?

January 9, 2007 | Leave a Comment

On a day where a strong IBD/TIPP poll shows that investors are gaining confidence and AAPL releases the new iPhone and Apple TV, stocks decided to churn one in today. The only exciting action came in the SP 600 which turned a 1.1% loss into a gain by the end of the day.

Posted by Joshua Hayes | Filed Under Free Commentary