On Monday, I told you to expect growth leaders to start gagging. On cue, they are now being sold…and sold down hard. It was my contention that in bear markets, they eventually get them all. Eventually, anything in profits gets taken down as bear markets have to go through a coughing up stage. We are [...]
Archive for the 'Bear Markets' Category
GROWTH LEADERS CROAKING ON CUE
GOOD BYE GROWTH LEADERS
I guess it was just a matter of time…but finally, the market is coming after the big growth leaders off of late stage bases. Names like Priceline and Bidu come to mind but I must add that Apple now looks to be coming under pressure. Remember, in bear markets, they will eventually come after everything [...]
THE NEXT LEG HAS BEGUN!
Greetings from Orlando airport as I head out west for the next few days. After the initial knife to the downside, the past seven weeks has been a series of flops and chops, gaps and reversals and loads of wild action. But when all was said and done, it was nothing more than what I [...]
BEARISH ACTION!
In my past couple of missives, I told you markets were rallying right back into resistance. This is the “normal” action I told you about that occurs in bear markets. To review…when markets gets extended and stretched from the norm, eventually they move back towards the norm before resuming the major trend. In this case, [...]
THE MARKET DOES NOT THINK THE MARKET IS CHEAP
As I have been telling you, in spite of all the talk about markets being cheap, everything I have been seeing defines a bear market. Again, bear markets are made up of high volume drops, low volume bounces, hope that the bounces are the bottom, calls of the market being cheap…only to disappoint those calls [...]
