The market continues to churn in a wide range, but there are some signs of change. Hedged trading has begun under performing the underlying index, signaling short term bullishness. Volatility is falling, but remains high, so stay cautious. Tuesdays selling may be a capitulation point considering the ratio of down/up volume. Up/down volume on Wednesday…
The market continues to rally as the Fed lowers key lending rates. Rate cuts are having a negative effect on US bonds relative to foreign ones. Up volume significantly outweighed down volume, continuing the bullish theme. More stocks are trading above their 50dma on lower volatility. New highs are becoming more prevalent as this index…
Here is a long term look at how bad this market is for investors. Nothing is going up and the volatility is high. Banks are making a run to 0. The only potential silver lining is the catastrophic ratio between down/up volume, but I wouldn’t wanna try and call this capitulation ahead of time. All…