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  • General Market Action

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    - Nasdaq Composite
    The market is in correction. There is a clear divergence between the Nasdaq, the index we focus on, and the S&P500, as investors have shifted away from growth stocks. Not only is the Nasdaq below its 50 DMA, but leading stocks are well off their highs...
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  • Market in Correction - What's Next?

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    - Nasdaq Composite
    Now that the market is in a correction, we are on the lookout for a follow - through day, which can signify that a change in trend has occurred. A follow - through day is a strong up day , where the market is typically up >=1.25% with higher volume...
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  • Leadership Beginning to Falter

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    - Nasdaq Composite
    Clearly, today’s price action is unhealthy following a poor day on Friday. There are now eight distribution days on the Nasdaq, and today will probably be the ninth . Given the elevated distribution count and the fact that the leadership is beginning...
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  • Look for Institutional Support

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    - Nasdaq Composite
    I don't believe the uptrend is over, but that is an opinion, and we know opinions about the market don't mean much. Regardless of the current news or what we believe, we don't invest based on either the news or opinions. We invest based on...
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  • Use the Weekly Chart to Make your Decisions

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    - Nasdaq Composite
    The leading stocks have been strong for the last three weeks, with many positions showing profits in the high single-digits to low teens. Since stocks don’t go straight up in one big move, several pullbacks along the way should be expected. The...
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  • How to Manage When the Market’s in Correction

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    - Nasdaq Composite
    With the market “in correction” and heading lower today, we’ve received numerous calls regarding “what’s next?” To address those questions, we’ve outlined a number of relevant guidelines to follow during any market...
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  • Nasdaq - One Day after a Market In Correction

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    0NDQC

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    - Nasdaq Composite
    To all MarketSmiths: The last five market days have been tough. I stated in Tuesday's Webinar that we all got hit hard on Friday and were forced to lighten up on even our favorite positions. We talked about portfolio management rules and how deep an investor...
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  • 2014 - Thoughts on the New Year

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    0NDQC

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    - Nasdaq Composite
    We want to dial it down and wait and see how January develops. Right now, decide on the percentage you want to be invested and stay there until the market indicates you are on the right track and in the right names. Looking at a weekly MarketSmith Chart...
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  • Market Update

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    0NDQC

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    - Nasdaq Composite
    IBD logged 5 distribution days on the Nasdaq going into today and today looks to be the 6 th . This was an abrupt reversal this morning and investors should be lightening up at this point. Yesterday’s strength in the Dow seems to be a partial rotation...
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  • Tentative, Short-term Action on the NASDAQ

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    0NDQC

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    - Nasdaq Composite
    The last few days of action on the NASDAQ have started to give me concern about the market’s short-term direction. The market was acting strong prior to the last few days, as the distribution count was settling down and the index was pushing into...
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