tag:blogger.com,1999:blog-53425415207585915422011-08-07T06:44:18.083-07:00Discussion of Gigascanner signals, overall market conditions, specific stocks, and random topics.gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.comBlogger1451100tag:blogger.com,1999:blog-5342541520758591542.post-36090238327095148372010-11-09T16:20:00.000-08:002010-11-09T18:06:50.317-08:00

The chart below of the Nasdaq shows a Climax Low buy signal several months ago (in blue), followed by an amazing up trend. Recently the Nasdaq gapped to a new high, shown in bright green. I think we can call it an "exhaustion gap", which is characteristic of a top. After that it flat-topped for a few days, and then today there was a fairly large Climax High sell signal (in red).Apple computer is

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-25460115712445584792010-11-08T18:08:00.000-08:002010-11-09T10:17:32.890-08:00

The Dow was off today (finally) after an amazing streak, so the broad markets may (will) eventually decide to follow suit. If so, if I had to predict from today's standpoint, I would say it will be a relatively mild pullback with contracting volume.At the moment I don't see too many things that are in a low-risk buying position (that aren't extended in price from a proper breakout), but there

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com2tag:blogger.com,1999:blog-5342541520758591542.post-74084844659207120372010-11-04T06:05:00.000-07:002010-11-04T06:07:37.506-07:00

Please see comments on "Whack" posting below! Thanks.

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-3419940305499174762010-10-20T07:16:00.000-07:002010-10-20T07:59:22.747-07:00

The Dow has by now moved just back up to the highs set in April, and last night it put out a Climax High signal. This would be a classic point for it to swing back down again.However, so far it looks like it's not going to amount to much. Stocks don't appear to be breaking down in a significant way. Many stocks were correcting last week as the markets have continued up, and by now are pulled back

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com2tag:blogger.com,1999:blog-5342541520758591542.post-42153724884427096822010-10-13T20:11:00.000-07:002010-10-13T20:25:51.888-07:00

The markets were up nicely today, on an increase in volume, and the number of stocks moving up on big volume was about 3x the number moving down.However, the number of stocks showing Climax Highs also spiked upward.Therefore I get the feeling a whacking is in store, but that given all this strength it might be short-lived. Personally all this uptrend is making me nervous. The higher it goes, the

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com6tag:blogger.com,1999:blog-5342541520758591542.post-10691867309026340232010-10-12T19:27:00.000-07:002010-10-12T19:38:45.891-07:00

The market has been so strong ever since the last bottom that the sell signals have barely done anything. Finally we got a small correction - actually it was it was more of a "flat spot" - and now it (the Nasdaq) appears to be breaking out again to the upside.Here's the chart; the buy signals are shown in blue, catching the exact lows as is their characteristic behavior, and the sell signals are

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com1tag:blogger.com,1999:blog-5342541520758591542.post-35798041473929451812010-10-08T07:37:00.000-07:002010-10-08T16:47:18.685-07:00

By all appearances the "good" signals happened in a wave around the beginning of September, and by now things have had a pretty good run, so first I had to convince myself it was still a good time to buy stocks. Based on the thinking outlined below I determined that conditions were still bullish. I noticed a couple of small pulses of Climax Low buy signals between the waves of sell signals, and

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com2tag:blogger.com,1999:blog-5342541520758591542.post-86696503581887249722010-10-03T21:41:00.000-07:002010-10-07T06:26:09.864-07:00

The latest sell signals have slowed down the advance in the Nasdaq (see Flat Top below), but so far have barely made a dent in the Dow. The number of stocks Up on Big Volume has generally exceeded the number of stocks Down on Big Volume during this period. A correction is having a hard time taking hold.On the other hand, there was a Climax High sell signal on Thursday in the Dow so we wouldn't be

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com2tag:blogger.com,1999:blog-5342541520758591542.post-17736801455613238862010-09-30T19:04:00.000-07:002010-09-30T19:09:08.011-07:00

Here's a quick chart of the Dow showing the sell signal I mentioned. Sell signals are red, buy signals are blue.

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-3376137400092815142010-09-30T15:42:00.000-07:002010-09-30T16:14:03.911-07:00

The market has basically flat-topped following last week's Climax High signal. Prior to that it had been moving up at virtually a 45 degree angle.We tend to get quite a few Climax High signals in a bull trend, since there will be numerous temporary waves of selling on the way up - but the most recent one was a bit different, perched atop a dramatic up-streak, and coming the day after the biggest

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-15729179431215206862010-09-22T20:17:00.000-07:002010-09-22T20:31:35.349-07:00

Imagine the chart below of the Nasdaq, but with another day (today) tacked onto it. Yesterday was the red Climax High bar, then today the price pulled back mildly, holding well above previous highs at around 3200. Volume was well below yesterday's. It's a rather benign pullback, so far. It might not last for long.

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com1tag:blogger.com,1999:blog-5342541520758591542.post-4278280308560254822010-09-21T18:18:00.000-07:002010-09-21T18:50:15.863-07:00

Yesterday the markets made a huge move upward, in fact it was the biggest move of the entire up-streak, except for the first day up off the low.I got to thinking, we see this very often on the exact last day of a run up, as if things have to go out with a bang. Then today there came a fairly large wave of Climax High sell signals, including one in the Nasdaq. There were also some of the new "

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com2tag:blogger.com,1999:blog-5342541520758591542.post-63987521374298655312010-09-20T20:30:00.000-07:002010-09-20T20:34:18.910-07:00

That stock symbol in the last post should have been XXIA, not IXIA.The market has been on a tear, especially after breakout out of the cup-and-handle base noted previously. One reader pointed out that given the prior downtrend, it could also have been viewed as an inverted head-and-shoulders pattern, which is also bullish.

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-60050827937977855862010-09-13T20:47:00.000-07:002010-09-13T20:58:35.157-07:00

The Nasdaq broke out of a small cup-and-handle base pattern today, with a nice increase in volume. I drew in the cup and handle (poorly) on the chart below. Note the blue buy signal at the bottom of a cup.Let's say by now you're getting pretty bullish, and you're looking for stocks to buy. Problem is, you really should be buying when the signals come along, not immediately after things run up.

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com6tag:blogger.com,1999:blog-5342541520758591542.post-31675684775801746952010-09-10T18:33:00.000-07:002010-09-13T20:00:36.424-07:00

The markets rallied nicely in response to the waves of Climax Low buy signals on the 25th and 27th of August. Then over the past week we saw some waves of Climax High sell signals, which put a bit of a damper on it.The chart below of the Nasdaq Composite shows the daily numbers of Climax Low and Climax High signals across the database, shown in blue and red in the top two sections of the chart.

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com3tag:blogger.com,1999:blog-5342541520758591542.post-3407220118368440782010-09-02T05:22:00.000-07:002010-09-02T06:26:08.635-07:00

The TV said yesterday's rally was due to "good economic news", as if it was an unpredictable, random event. But of course we know better. The real reason for the rally was the technical set-up which developed over the past few days, manifesting itself as a couple waves of our proprietary buy signals.The chart below shows the Nasdaq Composite Index as of yesterday's close. Buy signals are shown in

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-21478210562152137092010-08-27T19:53:00.000-07:002010-08-27T19:58:57.980-07:00

There was another wave of Climax Low signals today, 457 of them to be exact. Noteworthy that they showed up in a bunch of market indexes and ETFs as well as individual stocks. A chart of the Nasdaq is posted below - the Climax Low signals are shown in blue, and also note the Climax High signal several weeks ago shown in red (at the exact top).

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-87728513935956173322010-08-26T07:10:00.000-07:002010-08-26T07:21:07.403-07:00

There was a wave of 418 Climax Low buy signals yesterday (I'm writing this post the morning after). It makes perfect sense, after 4 or 5 consecutive days down. In fact, this is another one of our custom stock screens: Stocks Down > 3 Consecutive Days.To screen for this, or other signals such as any Climax Low signals that happened yesterday you can just enter "-1" (without quotes) into the

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com2tag:blogger.com,1999:blog-5342541520758591542.post-241705887069127172010-08-19T18:34:00.000-07:002010-08-19T19:04:44.009-07:00

Charts of the Nasdaq and the Dow are posted below. The most recent signals were Climax High signals, shown in red. Since then the market has acted accordingly, with a downside bias.Prior to that were some Climax Low buy signals, show in blue. I'm constantly amazed at how well both types of signal work moving forward in time. It's one thing to curve-fit to historical data, but quite another thing

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-84206343218292090392010-08-17T06:26:00.000-07:002010-08-17T06:32:34.756-07:00

I was actually referring to the Stocks In Motion screen in last night's post. However, the Leading Stocks screen (over on the Stock Picks page) also is showing some great looking stocks.

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-16024227339283706812010-08-16T19:57:00.000-07:002010-08-16T20:32:46.417-07:00

The market appears to be rounding out another bottom after cutting below the apex of the (former) cup. It seems to be in a mode of swinging back and forth as the basing process continues.The chart of the Nasdaq is looking promising. The Accumulation / Distribution percentage remained just above 50% on the recent sell-off, and now has crept up to 52%. The number of Climax Low signals across the

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-47118998187948442102010-08-12T05:59:00.001-07:002010-08-12T06:22:58.375-07:00

O'Neil emphasizes that you should wait for a breakout to actually occur, rather than anticipating it. Yesterday's activity shows us why. The handle formation in the indexes is breaking down, and more consolidation apparently is needed.As far as tomorrow is concerned (today actually, I'm writing this in the morning before the open), it's hard to predict with the absence of any clear signals. It

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-5058616459078279242010-08-09T06:33:00.000-07:002010-08-09T06:47:20.133-07:00

I wanted to feature the stock of Linear Technology Corporation. The pattern is looking very constructive, as if forming a handle in a cup-and-handle formation. A breakout above the recent high would be the next step assuming it continues in this mode.The overall market as represented by the Dow appears to be in a similar position. The break last week above the pivot point came after a very small

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com2tag:blogger.com,1999:blog-5342541520758591542.post-33261080908873654132010-08-04T20:31:00.000-07:002010-08-04T20:56:48.203-07:00

Sure enough, the Dow moved up in short order to break out of the cup-and-handle-style basing pattern. This particular pattern is a variation on a theme; the right side stair-steps upward, indicating accumulation, but it's hard to say where the cup ends and the handle begins. Let's say the Climax Low signal (in blue) just over 2 weeks ago marked the bottom of the "main" handle (at the exact low,

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-8053456448170250342010-08-01T18:41:00.000-07:002010-08-01T19:11:33.382-07:00

The markets pulled back mildly after a wave of sell signals early in the week, consistent with our view of a normal consolidation in an emerging bull trend. Stocks have been rounding out a bottom for a few months, and now they're going up again (notwithstanding any signals to come that would change the picture).Here's the latest chart of the Dow: Note the yellow Compression signal on the 27th,

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-54871821889433838942010-07-27T18:56:00.000-07:002010-07-29T19:57:58.840-07:00

The latest wave of buy signals lead to a nice rally, but the fledgling uptrend is still firming up, and prices are still subject to some zig-zagging. Naturally then today we saw a wave of Climax High sell signals, as shown by the 2nd indicator trace (in red) on the chart below of the Dow Jones Industrial Average. On the price scale itself there was one of the new "Compression" signals, indicated

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-44417961747164392582010-07-20T15:09:00.000-07:002010-07-20T19:38:43.420-07:00

The market really is acting quite a bit better. There was a massive wave of Climax Low signals today across the database, more than we've seen in a while. It's definitely enough to spur another leg up. Friday's action then was just a shakeout after a batch of consecutive up days. Today's upward reversal makes a "higher" low, indicating the correction has rounded out the bottom and is starting to

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-73822135468111863442010-07-16T14:06:00.000-07:002010-07-16T15:34:22.701-07:00

A couple days ago I decided that the bull was back. It just goes to show how things can change quickly, or rather reveal themselves quickly in the stock market. Today the Dow caved in today on a major increase in volume, and cut decisively below both the 50 and 200-day XMAs (exponential moving averages).What happened? Immediately following my bullish pronouncement we saw two consecutive sessions

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-71484844342325398302010-07-13T19:55:00.000-07:002010-08-05T09:40:45.782-07:00

Last time we noted that "A week later, on July 1st, there was another pulse of Climax Low signals. I figure this one is more likely to lead to a decent upswing, since stocks are considerably more wrung-out than they were a week ago and the selling pressure has backed off."This proved to be a prophetic statement, in fact now it appears to be somewhat of an understatement. A current chart of the

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-85382626448894790252010-07-05T17:43:00.000-07:002010-07-13T20:04:59.651-07:00

At the risk of stating the obvious, the uptrend as we've known it is no longer in force. The market has entered a choppy phase ideal for swing-trading. It's nothing new; here are some past examples with buy and sell signals in the indexes under similar conditions.The recent spike in Climax High signals across the database led to a fairly dramatic 2-week sell-off across the board. Volume rose for

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-22950446532377429192010-06-22T17:34:00.000-07:002010-06-22T18:09:45.247-07:00

Yesterday there was a big spike upward in the number of symbols putting out Climax High signals, and then today the overall market sold off (not surprisingly).It could be the start of a new wave down. However, we noticed that AAPL (a market-leading stock) just made a new high and is forming what appears to be a constructive basing pattern. The new high won't necessarily hold - ideally a more

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-42036049272355784382010-06-11T05:25:00.000-07:002010-06-11T06:26:27.757-07:00

Last time the market was testing our faith (in the Climax Low buy signal). It was within an inch of taking out the lows. Either that, or I noted that "best-case we might get another signal".This is exactly what happened! It confirms the original signal from a few days ago, as the market tested and rebounded both times from around the same level.Actually, looking at the Dow there are three buy

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-13687328900898677292010-06-07T18:01:00.000-07:002010-06-07T18:19:50.702-07:00

My last post may have been in vain. About an hour later things started going South in a big way. Just goes to confirm that intraday action can be highly deceptive, and it's usually best to ignore it.The recent Climax Low buy signals are considered valid until the market takes out the low on a closing basis. As of today's close we're hanging by a thread. The signals are shown in blue on the charts

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-43698287631159380142010-06-07T11:30:00.000-07:002010-06-07T11:33:57.344-07:00

The talking heads on CNBC are getting pretty bearish, in fact this morning there was a guy who was shorting AAPL. This is another reason to think the market is going to go up!

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-66106615104734519012010-06-07T11:08:00.000-07:002010-06-07T11:34:47.580-07:00

Intraday update: Below is a chart of the Dow as of 1:00 PM. Things could change dramatically by the close, but for the time being the buy signal (in blue) is holding. Yesterday's whack puts it to the test, but it's considered valid until the market takes out the low, plus a bit of wiggle room.Meanwhile, leading stocks aren't really breaking down, at least not catastrophically - for example AAPL

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-52615902821645883702010-05-25T20:40:00.000-07:002010-05-25T21:06:30.398-07:00

There was a colossal wave of 1183 Climax Low buy signals across the database today, two days after a smaller wave that included a buy signal in the Dow Jones Industrials (described below). So no more waffling - we've seen the lows of the correction. Here's a chart RSU - the 2X S&P-500 ETF - which put out a big fat a buy signal today (shown in dark blue). There was a second buy signal in the Dow

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-70135684097405553102010-05-25T05:59:00.000-07:002010-05-25T20:50:47.396-07:00

Well... the Climax Buy signals are usually right, except when the market takes a really sharp slide - possibly as in the present case. I got to looking at the trip down during 20089 / 2009 and there were quite a few false starts. It's a bit safer to call a bottom when leading stocks are starting to perk up. All hope is not lost in this regard, for example CSTR is acting powerfully. At the end of

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-16336013478348425012010-05-21T17:01:00.000-07:002010-05-21T18:53:23.109-07:00

There was a wave of Climax Buy signals today across the database, 446 to be exact. There was also a Climax Buy signal in the Dow Jones Industrial Average itself. This combination is enough to portend an upswing from here. Assuming it does, it would constitute an amazing quadruple!! bounce of a long-term support line with a slight upward bias.See the chart below. I made it extra-large to show good

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-88301103387617835562010-05-20T16:31:00.000-07:002010-05-20T16:40:14.742-07:00

We advised selling back on 4/28 and 5/1. Looks like we were right. I had prognosticated that the low on the 6th would mark the low of the correction. This is now in doubt. The Nasdaq closed today not too far above this point. Wouldn't be hard to see it breached very soon.

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-59224509481249718432010-05-11T20:54:00.000-07:002010-05-12T11:45:08.449-07:00

There was a wave of Climax Low signals across the database on Thursday, 257 of them to be exact. It probably marks the lows in the indexes - but that's not saying much. Prices cratered almost to zero in some cases before bouncing.See below a chart of the Dow Jones Industrial Average. The number of Climax High signals is shown in red in the top window, as a breadth indicator, and the number of

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-86416940897494569012010-05-01T17:23:00.000-07:002010-05-01T18:04:31.900-07:00

There were a bunch of Climax Low buy signals on Friday in the "inverse" Exchange-Traded Funds (ETFs). These are the funds that go up when the market goes down. I assume everyone has been taking gains, cutting losses, and getting off margin as suggested below.

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-50244000596680497562010-04-28T06:14:00.000-07:002010-04-29T09:05:36.886-07:00

The markets straggled upwards to make marginal new highs after last week's hammering, and then yesterday got whacked again, as if things can't go any higher right now.I re-read the part below about AAPL getting overheated, gapping upward on the 21st after an extended run. This kind of behavior in a leading stock can foreshadow a market correction.Below is the latest chart of ISRG. Unlike the DJIA

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-72288742056271305682010-04-22T23:45:00.000-07:002010-04-23T00:21:11.107-07:00

The market goes up for months at a 45 degree angle, and finally it gets whacked. But tbe correction isn't really following through to the downside. I predict a minor period of sideways movement, not taking out the lows from the other day. Expect to see new highs in the indexes again before long.Individual stocks are acting very robustly. AAPL is going just about straight up, although it may be

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-52233815783836790522010-04-19T07:08:00.000-07:002010-04-19T07:16:32.055-07:00

Here's a chart of ISRG, which has been a market-leader:Friday it got whacked back down to the top of the base pattern after the latest breakout. Light green is a new high, so you can see it's been doing very well. Red is the Climax High signal, as happened on Friday. Sometimes it triggers the start of a multi-day slide, usually when the signal has a smaller daily range. But on Friday the range

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-37414497630736136872010-04-19T04:54:00.000-07:002010-04-19T04:59:12.716-07:00

A correction is overdue, just based on the natural rhythm of things. The number of Climax High signals spiked up to 579 on Friday, which will probably get it started.

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-85682984297391566222010-03-23T03:47:00.000-07:002010-03-23T03:50:22.346-07:00

Not really much to add here. The market continues to act very strong. Here's a chart of RTG, which is an EFT based on semiconductor stocks. Note the Climax Low buy signal, shown in blue.

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-41169528754763084852010-03-07T09:47:00.000-08:002010-03-08T20:09:04.863-08:00

As mentioned previously, in a strong uptrend the Climax High sell signals might go down for just a day or two, or sometimes just for an hour or two.We see this especially in a constructive basing pattern, as a stock or market index forms a "handle". Sell signals tend to occur as the price reverses downward off previous highs or pivot points, but there's no follow-through to the downside. An

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-80127107975532964212010-03-03T21:10:00.000-08:002010-03-03T22:03:56.465-08:00

There was another pulse of Climax High sell signals today. The chart below of RRY (Rydex 2X Russell 2000 ETF) is illustrative. The daily numbers of Climax Highs and Lows are shown as indicators in the top 2 windows, in red and blue. They shift back and forth in waves, anticipating the price. Note for example the wave of Climax Highs in late December and January that proceeded the price decline.

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-83041218204340041402010-02-27T20:05:00.000-08:002010-03-02T06:55:52.861-08:00

What's all this about the magic cup-and-handle pattern? People insist it's totally subjective, but I don't think so. I drew it in on the chart below. The trick is not to talk yourself into something that isn't really there. It has to have all the right features, particularly in the handle and along the lows of the cup. For example, we like to see a flat section along the bottom of the cup with

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-15401587424182227952010-02-26T07:00:00.000-08:002010-02-26T07:14:28.812-08:00

The number of Climax Lows spiked up yesterday to 486, which is enough to stem the tide. Position-wise, a number of stocks and the market averages themselves are now apparently forming a shallow handle structure, following the cup formed by the recent sell-off.I noticed there was a Climax Low buy signal in LLTC. This is one of my favorite chip stocks. It's the best-managed and most profitable

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-6760466381325489992010-02-23T20:03:00.000-08:002010-02-27T21:15:23.526-08:00

I might have been a bit overoptimistic yesterday when I figured the correction would be a mild one. Problem was, I neglected to notice the Climax High sell signal in the Nasdaq. The volume stream was working at the time, so it's a valid signal.Here's the chart, the sell signals are shown in red:

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-14966083820591376942010-02-23T04:57:00.000-08:002010-02-23T20:03:43.244-08:00

Not too bad. Yesterday the markets pulled back mildly, on contracting volume. So far, it looks like it will be a benign, shallow correction, if not a mere pause. Also, as far as I know, "DM" is still bearish. He was the guy bragging about how much money he made on the short side. (This would be a contrary indicator).

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-11352159912970012322010-02-21T20:26:00.000-08:002010-02-21T20:49:31.966-08:00

Stocks have moved up for several days in a row on contracting volume, indicating a lack of demand. Then on Friday the indexes were up higher in the day but sold off toward the close to finish almost unchanged, on an increase in volume. This kind of action is reminiscent of a Climax High signal.The chart below shows the daily numbers of Climax High and Climax Low signals plotted in red and blue in

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-19231709601770866792010-02-16T18:52:00.000-08:002010-02-17T05:08:36.498-08:00

There's a certain guy I work with, let's call him "DM". No matter what I say, he always knows better. You know the type. Back on Feb. 5th I told him that we'd had a buy signal on the market. And of course (predictably) he scoffed, said something about how much money he was making on the short side. Proclaimed it "was" heading down, as if only a fool would think otherwise. This was supposed to be

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com2tag:blogger.com,1999:blog-5342541520758591542.post-45700522203699506342010-02-10T19:49:00.000-08:002010-02-11T10:50:59.170-08:00

Here are a couple more charts to ponder. The resemblance is amazing. But will history repeat itself?The first chart shows the setup 3 days after a Climax Low signal in the Nasdaq back a few years ago, as it was well on it's way down. The signal is shown in blue. It's supposed to mark a low, and it usually works, but not this time. The market plunged the next day, and the day after that the Nasdaq

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-66195586742590576092010-02-09T21:04:00.000-08:002010-02-09T21:12:29.575-08:00

Well, here it is Tuesday night, and so far Friday's low (the low of the climax low signal in the Dow) has not been breached.Monday the markets sold off, but on greatly reduced volume. Then today they were up, on an increase in volume from the previous session.This behavior shows a net accumulation. I could see it backing and filling for a while, possibly re-testing Fridays low, possibly even

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-50069174175733439042010-02-07T17:20:00.000-08:002010-02-10T19:36:45.395-08:00

But do we trust them?Here are some pictures of Climax High and Climax Low signals, in red and blue. The daily numbers of the two signals are plotted in the top two indicator windows, again in red and blue.In each picture you can see a wave of Climax Highs for a few weeks, then a wave of Climax Lows, leading to a signal in one or more of the indexes.This picture shows the market top in October,

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-8428340069147296012010-01-29T17:00:00.000-08:002010-01-30T18:39:16.270-08:00

Regarding that last post, you have to wonder why I'd go looking for buy signals at a time like this. Here's a repeat of our post from Monday, January 18th (the chart was current as of that date):A number of stocks sold off on high volume Friday. A more serious correction may be in order, considering that the market has made a spectacular run since the lows last March.This is not incompatible with

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com4tag:blogger.com,1999:blog-5342541520758591542.post-33573583568988483392010-01-29T06:31:00.000-08:002010-01-29T06:38:51.636-08:00

Well, I looked at a bunch of stocks again and now I'm thinking the market will bounce, and it will happen today. There was a pulse of buy signals on Wednesday, most of which failed, but some of yesterday's signals are just too compelling. These stocks I figure will foreshadow a broader bounce.Stocks like COHR, PEZ, and AIR for example.

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-56399547747854807692010-01-28T18:18:00.000-08:002010-01-29T06:42:24.734-08:00

There was somewhat of a pulse in the number of Climax Lows yesterday but I didn't want to mention it. Sure enough, the bounce off the support line in the Nasdaq lasted exactly one day.So... somebody should leave me a comment! How am I ever going to get on CNBC, much less get the web site to pay for itself. Let me know you're out there!

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com1tag:blogger.com,1999:blog-5342541520758591542.post-69944512199647046862010-01-27T07:29:00.000-08:002010-01-27T07:33:38.014-08:00

The Nasdaq has pulled back just to the former breakout point and is going up this morning. But how will it close? Where's the wave of buy signals?Here's a fresh chart. I drew in the support line:

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-14444487495991219852010-01-26T19:39:00.000-08:002010-01-27T07:34:29.597-08:00

Here's another look at Flowserve (symbol FSV). Last time we noticed was run up, and that a correction was due. At that point the market still looked good, but within a few days it became clear FLS was indicative of the bigger picture. First there was the Climax High in the Nasdaq, and then a down day on a sharp increase in volume. And very shortly after that we had the mini-crash. Sad but

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-50038360044220464272010-01-23T18:53:00.000-08:002010-01-24T16:30:34.051-08:00

The possible bounce on Monday came true, and then the market sold off for the rest of the week. They should interview me on CNBC. Every one of the analystis they had last week was bullish, which only served to strengthen my contrary opinion.A bounce will happen eventually, possibly even on Monday (again), but for the moment it's going straight down. At some point we'll get another wave of buy

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-59811244952510083712010-01-18T18:01:00.001-08:002010-01-29T20:28:56.590-08:00

A number of stocks sold off on high volume Friday. A more serious correction may be in order, considering that the market has made a spectacular run since the lows last March.This is not incompatible with a possible bounce tomorrow.Here's a chart of the Nasdaq with the latest signals. The Climax High a few days ago lead to a quick drop, then a retest of the high, and then Friday it got hammered.

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-67445155846954141162010-01-12T06:38:00.000-08:002010-01-18T18:06:38.099-08:00

Well, by now a number of stocks are getting a bit run-up. The chart of Flowserve is a great example. There was a Climax Low signal a few days ago, and a sharp run-up on good volume. But by now it's run up to a previous high. A correction is due.The red and blue indicators at the top of the chart show the daily numbers of Climax High and Climax Low signals. There is a certain rhythm to it. We've

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-74463698986268202582009-12-22T12:14:00.000-08:002009-12-22T12:43:28.621-08:00

Here's another chart of the nasdaq. I realized I could put it right in the body of the text, rather than do a link:Sure enough, it broke out from the cup-and-handle base and went on a tear. The volume was missing a few days ago, apparently because it exceeded 2^31st power, i.e., a little over 2 billion. I think it's the result of using a variable somewhere declared as a signed 32-bit integer,

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-45420552770199732442009-12-15T06:34:00.000-08:002009-12-15T06:44:54.367-08:00

The market is obeying my predictions perfectly. Here's a chart of the nasdaq composite index showing the cup and handle. It's annotated to show the Climax High and Climax Low signals in red and blue, and also new high signals in green.Notice how the pattern tightened up, and now the price is breaking into new high ground on increasing volume.

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-86084167531747760902009-12-01T05:01:00.000-08:002009-12-02T19:36:12.708-08:00

I forgot to mention - there was a big pulse upward in the Number of Climax Low indicator yesterday, with a total of 619 signals.It's similar to what we saw on July 13th, when there was a Climax Low signal in the Nasdaq and a wave of 649 signals across the database . It proved to be the exact low.

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-59707086835924747872009-11-30T21:14:00.000-08:002009-11-30T21:45:09.378-08:00

There was a Climax Low buy signal today in the Nasdaq, right off the 50-day XMA (eXponential Moving Average). This will likely be the low of the handle in the "cup and handle" chart pattern.Here's a chart.Our stock pick from yesterday went down today - although it will probably go up tomorrow. Just goes to show importance of being in sync with the overall market. Assuming today's signal in the

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-30803678410757202052009-11-28T09:20:00.000-08:002009-11-28T09:41:52.689-08:00

The Nasdaq gapped down at the open on Friday, just to the 50-day exponential moving average. From there it spent the rest of the day going up, except it sold off a bit on the close. For now we're sticking with the Cup-and-Handle theory. The Nasdaq is currently forming a Handle, as detailed below, and Friday's action was a shakeout. As of the close, the accumulation / distribution reading is

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-28084351990141188772009-11-25T06:33:00.000-08:002009-11-26T06:02:34.684-08:00

I got to looking at that chart of the nasdaq again.I'm willing to go out on a limb here and state that the recent decline from the 52-week high, and the rally back up, constitutes a "cup" in a cup and handle pattern. Notice how there were Climax High signals (marked in red) at the beginning and end off the cup.And now it's forming a "handle", which is a relatively shallow correction compared to

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-27567762019271467562009-11-24T14:43:00.000-08:002009-11-25T06:05:01.491-08:00

First we had the Climax High sell signals in the nasdaq (marked in red) on the 11th, after a nice little run up from the lows a few weeks earlier. It went down momentarily, but then 2 days later it broke out to the upside, making a new 52-week high marked in bright green) and surpassing the high of the Climax High. Usually we can take this as a contrary buy signal.But the new high didn't work out

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-57294112872274059202009-11-16T07:32:00.000-08:002009-11-24T18:42:12.109-08:00

We noted last Thursday's Climax High signal, and that new highs were unlikely, "at least for the moment". This last part appears to be coming true this morning - as the market is breaking to a new high - it's always good to leave yourself some wiggle room when prognosticating the market!It's characteristic of a bull trend: The Climax Highs can lead to just a temporary bout of selling on the way

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-66621427173368389322009-11-13T06:18:00.000-08:002009-11-13T06:25:07.265-08:00

The market staged a nice rally following the pulse of Climax Low signals noted below, obeying my prediction. The indexes ran just up to their previous highs, then yesterday there were Climax High signals in both the Dow-30 and the nasdaq.From here new highs are unlikely, at least for the moment. The markets will probably decline, the only question is how far.

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-32292288601352214362009-11-03T19:39:00.000-08:002009-11-05T06:48:14.236-08:00

After tanking for the past couple of weeks indexes reversed off their lows today and managed to close up or around unchanged, albeit on relatively lackluster volume.Climax Low signals were scarce in my list of 27 major market indexes and ETFs, however the total number of Climax Lows across the database spiked up to 243. This is significant enough to portend a bounce or at least a bounce attempt.

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-59594226167733660942009-10-31T08:10:00.000-07:002009-11-01T15:38:42.033-08:00

Thursday's "bounce" attempt fizzled big-time. This was not entirely a surprise; the bounce was accompanied by a pulse in the number of stocks making Climax Lows, which would tend to confirm a Climax Low signal in one or more of the major indexes, except that there weren't any to confirm.Meanwhile, the Climax High signals are working perfectly. Things have turned bearish in a big way. The reasons

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-44698636442868709442009-10-30T05:28:00.000-07:002009-10-31T10:03:15.094-07:00

The markets dived right on schedule after the Climax High signals on the 20th and 21st. The price ramped down parabolically, on accelerating volume, penetrating the 50-day xma. It was a perfect setup for either a catastrophe or a bounce attempt.Notwithstanding my previous post, a bounce is exactly what appears to have happened. There was a pulse in the Number of Climax Highs as shown on this

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-43803761854255107712009-10-28T18:24:00.000-07:002009-10-30T05:43:51.427-07:00

I assume by now everyone has sold out and will be waiting for a while, as the market "corrects" the advance that began in March. To put it into context, here's a chart of the Dow Jones Industrials which just happens to show a Climax Low signal (in light blue) at the exact bottom. And then here's another chart, this time of the Nasdaq showing the recent Climax High signals (in red) and resulting

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-63312274272199470652009-10-21T06:17:00.000-07:002009-10-22T16:31:07.433-07:00

Here' s chart of the Nasdaq with Climax Highs indicated in red and Follow-Through signals in magenta.Notice how it punched up to a marginal new high on the 14th, but didn't really go any further. The preceding rally occurred on light volume, as can be seen by the volume bars relative to the 17-day XMA (shown in green), and breadth indicators showed it lacking in supportive numbers of Climax Low

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-58668836429745328952009-10-20T06:48:00.000-07:002009-10-22T06:47:06.300-07:00

There was a surge in the Number of Stocks Up on Big Volume indicator on the 14th, as the market indexes broke out again to the upside. I'll post a chart when I get a moment.

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-84601332108431353022009-10-14T06:09:00.000-07:002009-10-16T14:26:07.472-07:00

I'm starting to think the "top" we identified a couple weeks ago may have been strictly a short-term thing. As of this morning, before the open, the index futures appear to be breaking out to yet another high.The early-morning action can be very deceptive, for example the markets can gap higher on the open and then sell off all day, but this time it might be real. We've noticed that leading

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com1tag:blogger.com,1999:blog-5342541520758591542.post-16162271415019946812009-10-12T06:11:00.000-07:002009-10-12T06:19:14.639-07:00

There was a pulse of Climax Lows on Monday the 5th which lead to a rally for a few days, as the stock indexes ran up and touched the highs set several weeks ago. But the volume was weak. On Thursday the volume increased, but the upward price progress was not great, indicating distribution.October has traditionally been a weak month. Given the top several weeks ago, and the lackluster rally that

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-1870024334135833882009-10-01T11:08:00.000-07:002009-10-01T11:12:51.178-07:00

All of a sudden something makes perfect sense: Stocks always look the most bullish right at the top.

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-87917093283978337572009-10-01T10:49:00.000-07:002009-10-02T18:31:11.523-07:00

The guy on TV stated as a fact that markets were selling off today because of something the Fed said, I don't recall what. Then later on the radio somebody said it was because of the unemployment report.As far as I can tell these are not the real the reasons. Explanations maybe, but not causes. The truth is that the markets are selling off now because of the large-scale distribution evident (in

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-74295820981191797872009-09-26T06:39:00.000-07:002009-09-26T08:13:51.872-07:00

It was one of those famous stock traders of yesteryear that said "it's not your thinking that makes the money, it's your sitting". Something like that.Experience has shown this to be true. For example, if a stock is going to double or triple it's going to take some time, maybe a few months or a year, and the best thing you can do is just sit there. The important thing is to trade stocks according

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-89324347469120587282009-09-24T08:14:00.001-07:002009-09-24T08:20:21.351-07:00

The comments below were written yesterday before the market opened. The day started off positive, but by the end of the session the Nasdaq and other market indexes reversed downward to form yet another batch of Climax High signals.This morning it looks like we're following-through to the down side. Based on the reasoning in yesterday's post, and also on yesterday's market action, I think we can

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-25611155615995122372009-09-23T05:07:00.000-07:002009-09-26T08:18:21.665-07:00

The uptrend has been relentless. There have been several Climax High signals in the markets over the past few months, but these have produced only short, mild corrections. This is typical of a bull market, where we will see numerous temporary bouts of selling on the way up.The most recent Climax High signals occurred last Thursday the 17th. A number of stocks pulled back, and then we saw a wave

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-88794572568372227212009-09-04T16:39:00.000-07:002009-09-04T16:53:35.266-07:00

It was quite a week. The market got whacked after 3 Climax High signals in a row the preceding week, but the hammering didn't last long. Yesterday and today it snapped back, shrugging off the correction like nothing ever happened.Meanwhile, stocks like SNX pulled back just to support, threatening to break down, but they bounced. Quite a few stocks gave us actual Climax Low signals; the number of

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com1tag:blogger.com,1999:blog-5342541520758591542.post-58319168537068095122009-08-31T08:48:00.000-07:002009-08-31T09:08:27.324-07:00

The bull market has shown some real staying power, but last week we saw a total of three Climax High signals. That one on Friday was a real whopper. As of this morning it appears to be taking its toll.Meanwhile, leading stocks like SNX are threatening to break down. Caution is advised.Here's the chart: NASDAQ

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-61489905931621819242009-08-26T15:09:00.000-07:002009-08-26T15:14:33.694-07:00

After today's action I figure this is one of those times when the Climax Highs don't go down much at all. It's par for the course - in a bull market there will be numerous bouts of relatively inconsequential selling on the way up. If the markets take out the highs of the Climax Highs we can take that as a contrary (buy) signal.

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-44498593413034350502009-08-25T22:12:00.000-07:002009-09-01T09:03:56.848-07:00

I noticed there were Climax High signals yesterday and today in the Nasdaq Composite Index after a nice little run-up last week. The market is amazingly strong, and has been for some time, but it's probably time for a short-term correction. If all goes well we'll see the volume contract and the pullback will be relatively shallow, not indicative of serious distribution. Here's a chart: NASDAQThe

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-61737664890334806002009-08-14T11:08:00.000-07:002009-08-14T12:01:55.290-07:00

Ah the memories. I took the GigaScanner back in time to look at stocks and the market, and it was a great reminder of just how well this stuff works! Check out these signals in the Dow Jones Industrial Average.Obviously this is just a blatant self-promotion attempt motivated purely by self-interest, but the signals on the charts have no ulterior motive. These are 100% genuine, completely

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-67108916017437734182009-07-25T16:35:00.000-07:002009-07-25T17:42:04.095-07:00

While channel-surfing last night I lingered for a moment on CNBC, more out of curiosity more than anything else.There was a panel of four Investment Advisers being interviewed. Based on various lines of reasoning, three of them were bearish and one was bullish. Each had some pretty reasonable reasons, as far as I could tell, so the net result was inconclusive.But why was I even watching? No

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-72102272846768033232009-07-19T08:24:00.000-07:002009-07-19T20:08:00.385-07:00

Very happy to report we're back up and running again. The database issues have been resolved, and the GigaScanner is back to the prompt, snappy action we're accustomed to.The bullish trend appears to have resumed, as described below, so if I get a chance later I'll look for some stock picks. Also... I wanted to emphasize once again the critical importance of trading in sync with the overall stock

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-28038256666693433352009-07-15T07:00:00.000-07:002009-07-20T18:19:02.855-07:00

Sorry, but I just have to post this chart of PEET. Red for down, blue for up. It's pretty cool.

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-641865729941585642009-07-14T05:48:00.001-07:002009-07-20T18:06:07.003-07:00

Market-wise, I think it's been a choppy consolidation for the past few weeks, but it's not a bear swing. I believe this because the breakout from a bottom in the Short Russell 2000 ETF has failed. Also because I was about to give up and turn bearish. I've been watching too much CNBC, that doesn't help either. Therefore I predict we're taking another bullish swing.Stock-wise, I was flipping around

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-88458450159588050012009-07-11T13:29:00.000-07:002009-07-12T19:35:25.523-07:00

Keeping in sync with the the overall market trend is the pillar to successful stock-trading, because over 90% of individual stocks are ultimately going to follow the market direction. This is regardless of the company, it's earnings, or even what technical analysis of an individual stock chart may be saying. It's a statistic that can't be denied.How do we see what's going on in the stock market?

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-7276097679393743372009-07-07T07:14:00.000-07:002009-07-07T07:19:02.069-07:00

I wanted to mention, there was a Climax Low buy signal yesterday in the Russell 3000 ETF. This index has been giving us some really accurate signals lately, but they've been very short-term in nature as the market chops around. Here's a link to the so-called Quick stock screener where the Russell ETF is the default stock chart.

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-9225646314370593042009-07-05T16:30:00.000-07:002009-07-05T17:21:47.592-07:00

The short Russell 3000 had the breakout from a small cup-and-handle bottom, but then it broke down a couple days later. By now it's returned to about the middle of the cup, price-wise. The basing process continues.Meanwhile, in the long market indexes we had a buy signal, and then a sell signal a few days later, and then the market got whacked.So what's going on? Keep in mind that the Climax High

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0tag:blogger.com,1999:blog-5342541520758591542.post-11414970081205224252009-07-02T13:57:00.000-07:002009-07-02T14:23:59.233-07:00

Well, just a few days after that buy signal, on June 29th to be exact, there came another sell signal. It took the form of a Climax High in the Russell 3000 Ishares, symbol IWV. See it here: chart of Russell 3000 ETFWe've been using the Russell 3000 to represent the broad market. It seems to work extremely well for this purpose, throwing off some great signals of late.It's the default chart in

gigascannerhttp://www.blogger.com/profile/13103909238960688065noreply@blogger.com0