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…
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….
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…
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…
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…
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…
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…
I’ve been doing a great deal of day dreaming and wishful thinking these past weeks. So I figured I’d try making some visualizations of my thoughts. Aside from depicting an S&P 500 in a short uptrend approaching resistance, this graphic has some other interesting things. Imagine all of the financial data you interact with, and…
Today’s action was pretty intense. What does it mean for the SPX? Trade with caution, the trend is down. I’m buyin’ stocks ’cause sellers ain’t ’round. Volatility dropped, more stocks rose. This is a good sign to dip in your toes. Danger abounds, investors beware. Traders rejoice, reversion is here. Potential SPY resistance and support…