To be wealthy in life, you gotta recognize iced dice. Today’s odds are dangerous, don’t catch a falling knife. This is a composite of two derivatives, the Record High Percent (SPXHILO) and Volatility (VIX) Indexes. Together, they describe a market probability, the percentage of stocks at new highs/volatility (SPXHILO:VIX). Making money is easier when stocks…
The S&P 500 took a beating today, and there is no sign of an end to the selling. Volatility continues to increase amidst a declining number of rising stocks. Priced in 10Y T-Bills, the SPX is making a waterfall with no noticeable support to stop it. There is no reason to call a bottom in…
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…
My Internet is terrible, and thus this post is gonna be short and sweet. Despite today’s fall in the S&P 500, my Bullidex chart has begun printing a new row of X’s. This is a bullish signal, indicating a decrease in volatility and and increase in the % of rising S&P 500 stocks.
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,…
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…
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.
I’ve been doing more tinkering with stockchart.com’s free P&F charts. I like Point and Figure over Candlesticks because price can be scaled to Average True Range, which helps expedient trend recognition. If you aren’t familiar with ATR, look it up and read something by Van Tharp. Aside from charting, Average True Range is a statistical…