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Our sentiment survey was decidedly bullish for the coming week, which kept the system in a sell condition. And both groups reflect that sentiment.

Here's the charts:




The Top 50 increased their allocation by 7.74%. So it appears they are buying the dip and hoping seasonality takes this market higher in the end of the year. This group still remains below a total 50% stock allocation. The ...

A funny thing happened as Fitch downgraded several major financial banks to include Bank of America and Goldman Sachs. The financial sector rallied. It ended the trading day up about 0.5% overall.



After hours, the downgrades continued with Moody's dropping Belgium two notches to Aa3.

Earlier in the day, the consumer price index in November was released and showed no change. Economists were looking for a 0.1% increase. Excluding ...

I've been traveling all day today and I'm a bit worn out as a result. I'm not going to post my charts tonight, but I did take a quick look at them.

NAMO, NYMO, NAHL, and NYHL all turned back up a bit are are near their respective 6 day EMAs, but they all remain on sells. Any follow through tomorrow would probably flip them them all back to buys.

TRIN is on a buy, while TRINQ is just barely on a sell. They are neutral overall.

BPCOMPQ turned down a bit ...

The generally supportive nature of OPEX week has been anything but supportive for stock prices this week. For third straight trading day the market has dropped relatively hard.

Of course the financial crisis in the EU continues to be fingered as the reason for the sell off as media reports and opinion pieces continue to paint a bearish picture of the situation.

Such negativity often breeds bearish sentiment, but technical indicators have not been hands down bearish ...

After yesterday's selling spree, trader's began the day driving prices right back up in spite of some disappointing retail sales numbers released prior to the open.

Retail sales for November came in a 0.2%, which was below estimates calling for 0.6%. Minus autos that number remained at 0.2%, but that was still below expectations of 0.5%.

But while the market came out of the opening bell strong it didn't last much more than the first half hour of trading, which is where ...