A weekly look at 5 indicators that depict the current market environment. $BPSPX:$VIX = 97.31 $BXM:$SPX = 70.22 $CPMKTE:$CPMKTB = 39.67 $SPXA50R:$VIX = 87.58 $SPXHILO:$VIX = 15 The only glimmer of bullish hope my indicators offer is a 50% increase in the $SPXHILO:$VIX since my last analysis here. Otherwise, the bear market remains intact, and…
A new guy moves to the White House every eight years. I think the real news is here; today was the biggest Dow drop on inauguration in history. Volatility is screaming upwards, and clearly fewer stocks are in bullish formations. The tape still warrants selling the rips, and I suspect we’re in for bigger dips….
Market conditions continue to deteriorate as panic spreads around the globe. My SPX indicator made a new O, signaling increased volatility and fewer stocks in bullish formations. Buyers should step to the sidelines and wait till the current rush to safety subsides. The buy write index continues to outperform the underlying SPX, reinforcing my bearish…
In an effort to create more structure for this blog, I’m re-posting 5 charts that depict various trends within the $SPX. In the future this selection will be posted during the weekend. $BPSPX:$VIX = 139.61 $BXM:$SPX = 68.88 $CPMKTE:$CPMKTB = 41.34 $SPXA50R:$VIX = 122.16 $SPXHILO:$VIX = 10.9 Why am I regurgitating this mass of pretty…
I’m a huge fan of percentage/volatility charts, but due to their underwhelming popularity, they’re confusing. Hopefully someone understands their value besides myself. Although my NASDAQ indicator has gone bearish here, the SPX is holding on for dear life. There are fewer bullish stocks and volatility is rising, buyers beware. The BXM/SPX spread has broken resistance…
A few things to watch in the coming week. Despite today’s pullback, my primary indicator remains bullish, so I’m buying the dip. The SPX buy write is lagging the underlying index, so the bulls are looking good for now. The spread between equities and bonds looks ready for a breakout, potentially to the upper Bollinger….
Hooray, an up day! Here are some things to consider. My bullish SPX indicator lives to see another day, perhaps it’ll make a new X by the week’s end. FINALLY, the BXM/SPX spread is heading lower, and that is a sign of more aggressive risk taking which is good for equities. Due to the overbought…
It was a choppy roller coaster day, but there were some bright spots. International markets stayed afloat as commodities moved up. The financial sector finds itself in peril once again. Stay away from the big names who are too big to fail. Their bond holders might see cash, but the equity gets wiped out. HYG…
Not much action in the equities market this week. According to my indicator, the SPX has managed to stay bullish, but it is very close to resuming a downtrend. The buywrite/index spread is rising (bearish), but it is in a resistance area, and any turn around would be bullish. The NAMO has turned positive,…
Today wasn’t quite enough to put the nail in the bulls’ coffin, but it isn’t getting any prettier. My SPX index is clinging to a bullish signal by a few points. The NAMO is signaling a downtrend, but we remain in bullish territory. Banks look ready to break down and test their lows. MLP’s continue…