The number of stocks trading above the 50dma is rising relative to volatility, which is more evidence of a strengthening uptrend. The odds for successful investment are increasing because the probability of purchasing a strong stock with less risk is growing. According to this chart, the S&P 500 stands at pre-Lehman failure levels, the green…
This post is graphic heavy but the message is clear, increased shorting and liquidity are the modi operandi. Until these charts begin to print X’s, the S&P 500 is not a safe investment. Volatility is increasing relative to the number of strong performing stocks, reducing the odds of successful investment as market breadth wanes unfavorably….
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…
Despite the media frenzy over high unemployment and other worrisome economic headlines, there are signs the global markets are stabilizing, and that risk taking is increasing. I have a shit ton of charts to prove this point, way too many for the average Joe, so I’ve narrowed it down to 5 for this post. If…
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…
Not much has changed, even with Friday’s +6% close. Even fewer stocks breaking to new highs. Optimistically, a couple stocks are climbing above the 50dma. Gold showed good strength, and GDX was up 26%. But gold is approaching resistance, so stay cautious. The market is still terribly weak. Gold miners may offer some upside potential,…