# Commentary: Paul Ebeling on Wall Street

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Last modified: 2021-09-13

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By Paul Ebeling · 2021-09-13
Tags: Shayne Heffernan on Investments, Stocks, Paul Ebeling, Opinion, Paul Ebeling, Knightsbridge Insights, WallStreet
Signed: no (published before platform launch).
Nothing in this article is investment advice.

[#WallStreet](https://www.livetradingnews.com/tag/wallstreet)[#PaulEbeling](https://www.livetradingnews.com/tag/paulebeling)

[$DIA](https://stocktwits.com/symbol/DIA) [$QQQ](https://stocktwits.com/symbol/QQQ) [$RUT](https://stocktwits.com/symbol/RUT) [$SPY](https://stocktwits.com/symbol/SPY) [$SPX](https://stocktwits.com/symbol/SPX) [$SOX](https://stocktwits.com/symbol/SOX) [$VXX](https://stocktwits.com/symbol/VXX)

*“The sentiment says, there is still no Bubble in this market, and Bitcoin is the future despite billionaire haters”*–Paul Ebeling

Here is how the US stock market is set up technically:

The Technical Scans revealed increasing distribution action over the last few sessions as the number of Power Downs, Wide Range Breakdowns, and Oversold results outnumbered their Bullish counter-parts. 

Even the dry up in the Pullback Long results is a sign that stocks are starting to correct a bit deeper within context of uptrends to make them questionable.

While there are a good amount of results among the Weekly consolidation scans, it is prudent to note that our SPY trend-following signal shifted back to a Yellow/Neutral phase. 

While this indicator is not designed to perfectly time the market at its highs and lows, it does do a good job at keeping traders focused on what to expect from the current cycle of the market. 

These Neutral/Flat (w/Bullish biases) markets can often be choppy, so appropriate adjustments should be made to deal with it.

Internals/breadth should be evaluated to determine which set-ups will offer the greatest probability of success.

[I give you them in the Setting on a Cash Pile column. Here is an example. Tune in.](https://www.livetradingnews.com/sitting-on-a-cash-pile-17-0-reit-retaining-high-quality-tenants-212936.html)

Remember, it is your money and your responsibility.

Have a prosperous week, Keep the Faith!

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