Less than two weeks ago, when the S&P 500 Large Cap Index was giving out signs of fatigue, the VIX was giving out signs of stability. The former went on to post a new all-time high early this month, even … Continued
Investors have spoken. Bring up yesterday’s daily chart on AAPL ($97.99), and it is all there to see. Two o’ clock was when sentiment shifted. Post-announcement of products in Cupertino, bulls valiantly rallied the stock nearly five points, seeking to … Continued
As discussed last week that non-commercial futures traders might just once again be ahead of the curve in anticipating market reaction to Thursday’s ECB decision, they indeed were. By Tuesday (last week), they had raised net shorts in euro futures … Continued
Since we got that VIX-spike signal four weeks ago and subsequent signs that equities are regaining momentum, this is the first time we are getting signals that they are worn out – at least near-term. Since the bottom at 1904.78 … Continued
The answer to the question above is a probable yes. Twice since early March this year, small-caps have come under decent amount of pressure. The first was a nine-week, 11-percent decline that began early March, followed by a nine-percent drop beginning … Continued
The expected decline in the euro never came. Back on August 11, it looked like the currency was ready for a bounce. Just a bounce, as long-term technicals were only midway through unwinding overbought conditions hence did not call for … Continued
A month ago, we pointed out a divergence between 10- and two-year Treasury yield spread, which peaked as 2013 was unwinding, and financial stocks, which had ceased to track the spread and were rallying. Going back nearly 18 years, the … Continued
One more day, and one more post-Great Recession high on the Nasdaq Composite. In fact, the index is at a 14-year high, and yesterday was able to build on Monday’s breakout. There is of course a lot to quibble over … Continued
The Nasdaq Composite (4508.31)has managed to pull off a mini breakout, and is trading above the level identified previously. As a matter of fact, indices/ETFs such as the S&P 500 Large Cap Index and XLF (financials) have convincingly taken out … Continued
The rally the past couple of sessions, is it an oversold bounce or is there more to it than meets the eye? Particularly on Monday, money did come out of defensives such as utilities and health care, and into offensives … Continued