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.
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- SPY
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- SPXA50R : VIX
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- NYMO
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- BPSPX : VIX
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- SPXHILO : VIX
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- NYSI
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 number of stocks at highs is falling as less stocks rise and fewer trade above the 50dma. Raising cash and shorting leveraged ETFs like FAS is a sound approach in the coming week.