FLS Playbook: The Bears are Getting Stronger & Market in Lower Half of Year-Long Range 08.10.15
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FLS Playbook: The Bears are Getting Stronger & Market in Lower Half of Year-Long Range 08.10.15

  [su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] The stock market is getting weaker, not stronger. Over the past few months we have mentioned the disconcerting (bearish) signals that were emerging on our radar. Notwithstanding more easy money from the Fed/other central banks, the market appears to be forming a major top. Leadership has narrowed substantially over…

FLS Playbook Update: Market Looks Toppy and 75% Of Dow Stocks Are In Trouble 08.06.15
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FLS Playbook Update: Market Looks Toppy and 75% Of Dow Stocks Are In Trouble 08.06.15

  [su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading]  The major indices look toppy up here as more and more areas of the market begin to roll over. The Dow continues to under-perform with 23 (77%) of its components in poor technical shape and only 7 (23%) are in good shape. A full article on the Dow can…

FLS Playbook Update: The Boy Who Cried Wolf 08.04.15
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FLS Playbook Update: The Boy Who Cried Wolf 08.04.15

[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] The major indices continue moving sideways as the tape remains very split. Earnings roulette (Thank you Gary Kaltbaum/GaryK.com) continues in spades as we continue to see a handful of stocks gap up and gap down after reporting earnings. Apple broke below a key level of support on Monday and continued…

FLS Week in Review: Long Trading Range Continues 08.03.15
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FLS Week in Review: Long Trading Range Continues 08.03.15

[image] [su_spoiler title=”Monday-Wednesday’s Action: Bulls Defend 200 DMA” style=”fancy”] Stocks fell hard on Monday dragged lower by a huge -8.5% decline in China’s Shanghai composite. A lot of technical damage occurred on Monday as the Dow Jones Industrial Average and the small-cap Russell 2000 index both sliced below their July 7, 2015 near term low…