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Where Will Biotech Bottom Out?

The stock market took another hammering Thursday morning as the weak close on Wednesday reversed the market's early strength which was a sign of weakness. The very strong market internals early Wednesday had deteriorated throughout the day. To signal a sustainable market rally it would be a better sign if very weak early A/D numbers…
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The Week Ahead: Is This The Stock Market’s Secret Weapon?

The bumpy ride for the stock market has continued in February as the upside reversal on Wednesday failed to stimulate much new buying. Still it was supportive that the major averages were able to recover substantially from the Wednesday lows as after Tuesday's drop the bearish sentiment had spiked as there was heavy put buying…
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Is It Too Late To Dump The Financials?

Editor's Note: If you like Tom's analysis you might try his Viper Hot Stocks report. The sharp decline Tuesday has taken many of the technical studies like the A/D lines, McClellan oscillator and OBV back to support. The 4-1 negative A/D ratios Tuesday was consistent with heavy selling as was the closing reading of 2.30…
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The Week Ahead: What Action Should Investors Take in February?

After a choppy week of trading stocks closed the week strong adding to the evidence that the upside reversal on January 21st was important. The surprising drop in bullishness the previous week (Is Bullishness Low Enough Now?) did not get the attention of most analysts even though it was making a ten year low. According…
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Crude Oil Versus Salmon?

There were signs last Thursday from the open interest analysis that the short side of crude oil was too crowded and those on the short side were starting to get squeezed (Time To Squeeze The Short Oil Speculators?). The March crude oil contract was trading around $28.39 at 11:00 AM EDT Thursday as the market…
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Learning From Past Bear Markets

Given the accelerated selling in the stock market last week and the bear market fever that has been swamping the financial pages since the start of the year more investors seem convinced that a bear market is already underway. As I noted in The Week Ahead: Can Crude Oil Now Rescue Stocks? the reversal on…
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