Trader’s Narrative

For a while now, we’ve been concerned that volume hasn’t been powering the market higher. In fact, if you think of volume as fuel for any sustainable market rally, then we’ve been running on fumes for a few months. Since I wrote that in early June the market wobbled a bit and traced a shallow […]

It is only six weeks since Lowry Research gave an intermediate trend buy signal. Since then the market has gained appx. 6%. Here is update on where the oldest technical analysis firm on Wall Street stands. You can listen to the Bloomberg podcast at the end of this post.
If you’re new to Lowry’s, many of […]

This is a guest post by Wayne Whaley (CTA):
I have written over the last few months on the importance of the historic momentum thrust that we have experienced this year and how they could possibly push the market higher than most would anticipate.
Today, Sept 16th, 58% off the lows of 666 on the S&P, I […]

While this bear market has unique hallmarks, there is something rather familiar about it. We’ve already covered many of the uncanny similarities between the last cyclical bull market and today’s market action.
For example, they both bottomed in March and the two charts look like they were separated at birth. The there’s the ensuing flag formation […]

Yesterday, the S&P 500 continued to make new highs for the year, almost reaching the round number 1050. But even as this major index continued to climb, several measures of internal market breadth haven’t kept up the same pace.
For example, here is the Nasdaq Summation Index chart showing that it is well below its high […]