I’ve discussed the warning signs over the past few videos and the market continued to show weakness this past week. We saw three more distribution days and many of the growth leaders are breaking down below their 10-week moving averages. I’m not going to get overly bearish but I’m definitely going to remain defensive until [...]

As I mentioned in last weekend’s video, I came into the week lightly invested because some negative signs were showing up in the market. They included: selling beneath the surface in many growth leaders, the lack of setups over the past week, the high bullish sentiment, and the upcoming election uncertainty. The positives were: the [...]

I always like keep an open mind with my approach to the market. I look at the positives and the negatives and adjust my investment levels accordingly. The biggest positive is that the major indexes are acting very well. They are above their key moving averages, there’s very little distribution, and the overall price action [...]

From the end of September until October 12th, the market saw a very strong surge in many leading stocks. Since then, the market has been consolidating for the past 7 trading days and has pulled back to its 21-day moving average. As I mention in this video, the market moves very fast in both price [...]

After Monday’s strong “Follow Through Day” (FTD) on the Nasdaq Composite, the remainder of the week saw the market consolidate on lighter and lighter volume. This is a good sign because you don’t want to see any heavy distribution immediately after a FTD. From here, it wouldn’t surprise me to see the market consolidate in [...]