The S&P 500 took a beating today, and there is no sign of an end to the selling. Volatility continues to increase amidst a declining number of rising stocks. Priced in 10Y T-Bills, the SPX is making a waterfall with no noticeable support to stop it. There is no reason to call a bottom in…
The 5 least correlated positive return ETFs show numerous markets cracking critical support and making new lows. S&P 500 indicators are bearish across the board. The market remains fahklempt, buyers beware. The only positive things I see are emerging markets holding above the November lows, and Treasuries failing to make new highs, despite ominous news…
My Internet is terrible, and thus this post is gonna be short and sweet. Despite today’s fall in the S&P 500, my Bullidex chart has begun printing a new row of X’s. This is a bullish signal, indicating a decrease in volatility and and increase in the % of rising S&P 500 stocks.
Despite the buoyancy of some financial stocks, the market remains in liquidation mode with fewer stocks in bullish formations and increasing volatility. Cash remains king, whether it be greenback or gold. Until the above chart begins to show a new row of X’s on the far right, there is no need reason to get long…
I’m fortunate to be in cash and gold, this market looks hella ugly. Volatility is rising and there are fewer stocks trading in bullish formations according to the Bullidex. I’ve noticed that my rant on Antal E. Fekete is growing in popularity, and while that’s all well and good, I’ve changed my position on gold…
I should have posted this last night, but I got wasted on the LES and awe struck by some massive titties. What’s worse, this is by far the most difficult chart to read because of its massive height. The scaling of the Y-axis is dynamic due to the ever changing Average True Range of the…
Lucky for me, I missed the ass kicking in equities, and with a new row of O’s being formed, cash is king until the financial sector stops free falling.
In an effort to create better charts, I’ve changed some of the variables to create a cleaner visualization of the Bullidex. The red lines are Bollinger bands set 3σ from the purple 5sma. The new green X in the right most column indicates decreasing volatility coupled with a higher percentage of stocks rising in the…
Two long nights away from home and plenty of unread email to show for it. How do people maintain their virtual presence with such persistence? As far as blogging goes, I still haven’t figured out the nuances of image posting in WordPress. Nevertheless, here is Monday’s look at my super awesome, totally original and completely…
My time at blogspot has come to and end. The reign of wordpress is upon us. Time to get back to basics. Tuesday’s action signaled a new uptrend with an increase in the number of stocks in bullish formations coupled with a decrease in volatility. This change of environment favors the bulls, so shorts should…