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…
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,…
If this market wants to rally, it sure has a strange way of showing it. Nothing seems to be making any significant ground in the SPX. At best, there are an increasing amount of stocks above their 50dma. Maybe a little relative strength in the Utilities. In a bear market you make more money shorting…
The S&P500 looks terrible… Really terrible… Invest with caution… Until some X’s get printed on these charts, it’s time to be short short short.