Heyer Capital, LLC

investment management and timely advice from a local CPA (Fox Valley, Wisc.)

Resuming an uptrend

with 2 comments

Despite the relatively high number of days of institutional selling (signified by stock indexes down in price on higher volume) we should recognize that the market’s uptrend has resumed.

The bears have lots of reasons, but no one can argue with the tape (for too long, anyway.)

UPDATE: the sentence above seemed cryptic upon re-reading, so premit me to elaborate a bit.  We’re still facing several days of distribution in the past few weeks, so it wouldn’t take but a day or two of terrible action to again raise the “Yellow-Caution” flag on the market.   The DeMark indicators – a technical voodoo I don’t follow too closely – still shows meaningful ‘tops’ are in place for the S&P500 as well as some foreign currencies.  The English (& loose) translation is that any “Green light” means proceed with caution.

UPDATE: Oct. 28:  The character of the market this fall has been for the uptrend to fall under pressure, but inch up into newer highs. Once it makes new highs for the move, the rally – by definition – has resumed again. The sloppy action among the market leaders and the weight of the many distribution days has been too much and the market is now in a correction.

Remember, a ‘correction‘ can last a few days or a few months. Be patient. Read & research.  Build the watch list.


Written by heyercapital

October 15, 2009 at 1:11 pm

Posted in stock ideas

2 Responses

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  1. I’ve got to say, it’s all jibberish to me.

    the Provident Woman

    October 21, 2009 at 12:23 pm

    • Thanks for the feedback. I’ll tone down the gobbledy-gook. 🙂


      October 21, 2009 at 1:23 pm

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