Category: SPY

Uh Oh

Despite hitting all-time-highs in April, the major US indexes are looking weak. The S&P 500 continues to find support, but note the lateral consolidation and relatively low volume. Look out below…

May 6, 2015 May 6, 2015 By charlie In , , , Comments Off on Uh Oh

And Now For Something A Little Same

The apparent autoeroticism of this process does not discourage. Though a benchmark for authenticity remains nebulous at best, the thrill of purging the mind for none, a minor feat of intellectual exhibitionism, does variably produce the sweet if fleeting sense of relief. Respite from what? That strange sensation which lurks somewhere “inside,” though the origins…

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April 14, 2015 April 14, 2015 By charlie In , , , Comments Off on And Now For Something A Little Same

Familiar Territory

Everything has changed, but nothing seems different. The S&P 500 currently displays structural characteristics resembling the market in August 2007, May 2010 & August 2011. If memory serves me correct, those months were marked by an unraveling housing market, the flash crash, and a European debt crisis. Perhaps something more substantial than Ebol-ISIS-ocalypse has  infected the markets, skyrocketing treasuries and…

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October 16, 2014 October 16, 2014 By charlie In , , , Comments Off on Familiar Territory

Twitter Ticker ($SPY)

StockTwits chatter was dominated by stocks of questionable investment value (JAZZ), so I’m taking a look at the S&P 500 ETF SPY for some perspective on the market. Despite today’s pullback, the SPY remains in an uptrend, and is trading well above the upper Bollinger. Clearly momentum has slowed since May, but so long as…

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June 10, 2009 June 10, 2009 By charlie In , , , , , 3 Comments

S&P 500 Bullidex ($ES_F $SPY $SPX)

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….

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May 24, 2009 May 24, 2009 By charlie In , , , , , , , , Comments Off on S&P 500 Bullidex ($ES_F $SPY $SPX)

S&P 500 Bullidex ($ES_F $SPY $SPX)

Despite today’s positive close for the S&P 500, the Bullidex fell 1.79% to end the day at 161.3. This divergence indicates a minor weakening of the up trend as volatility increased relative to the percentage of rising stocks. A new row of O’s in the far right column coupled with a declining blue line will…

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April 13, 2009 April 13, 2009 By charlie In , , , Comments Off on S&P 500 Bullidex ($ES_F $SPY $SPX)

S&P 500 Bullidex ($SPX $ES_F $SPY)

The S&P 500 Bullidex rose 4.35% to close at 139.5, signaling lower volatility and more rising stocks. The Bullidex hasn’t been this high since January, and with the March lows above the November levels, things continue to look good for the bulls. Year over year, despite the dramatic fall in the price of the S&P…

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April 8, 2009 April 8, 2009 By charlie In , , , Comments Off on S&P 500 Bullidex ($SPX $ES_F $SPY)

S&P 500 Bullidex ($SPY)

According to the S&P 500 Bullidex, luck favors the bulls as the blue line rises. There are a few stocks making new highs as the uptrend grows stronger. Though my indicator said sell two days ago, the intraday strength has kept me from getting too bold with such a trade. APAC, MEMS, SGU, CACH and…

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April 2, 2009 April 2, 2009 By charlie In , , , Comments Off on S&P 500 Bullidex ($SPY)

Short Selling Swaps ($SPY $SSO $SDS)

When ProShares first released their Ultra ETFs, I got a quirky idea. Buy the long and short S&P 500 ETFs (SSO & SDS) in equal amounts to make a market neutral position. Ultimately I lost a little money and directed my attention elsewhere. Almost 3 years later I’ve come back full circle, but rather than…

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April 2, 2009 April 2, 2009 By charlie In , , , Comments Off on Short Selling Swaps ($SPY $SSO $SDS)

S&P 500 Bullidex ($SPY)

I’m in Vancouver on a netbook, so I’m making today’s post quick. The S&P 500 Bullidex rose 16.7% to close at 97.155, and a potential asset allocation is 19% equities (97/501). The falling volatility and increasing percentage of rising stocks is a positive change for investors, but the slope of the blue line is beginning…

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March 23, 2009 March 23, 2009 By charlie In , , , Comments Off on S&P 500 Bullidex ($SPY)