Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Do Not Feed the Bears


While the picture still appears bullish, there may be some approaching opportunities for bears to feed on.

MINYANVILLE ORIGINAL Last update expected higher prices, and the SPX rallied up to break 1464, which puts a big dent in the straightforward bear counts (which, for new readers, I have not favored) -- nevertheless, this weekend, I'm going to cover the bear case in more detail.

First, a quick picture of my new favorite t-shirt. I've been bullish on the market for the last few months, because that's where the technical picture took me. But I'm still a bear at heart.

I'll briefly touch upon the bear case today, starting with a chart of the Nasdaq 100 (INDEXNASDAQ:NDX), which features a much cleaner structure than many other indices, and does suggest that the market is approaching another inflection point. Inflection points are not necessarily bad news, but they are areas where trend changes have a higher probability than usual. The NDX chart notes some details.

Click to enlarge
< Previous
No positions in stocks mentioned.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
Featured Videos