DJI – Hedgopia

9 Jun 2014

Breakouts galore amidst grossly overbought technical conditions

by hedgopia | posted in: Derivatives, Equities, Technicals | 0

Breakouts are galore in U.S. equities. Of the three major indices, the S&P 500 and the Dow Industrials have managed to push into record territory. The Nasdaq is a laggard – yet to get past early-March highs. Ditto with the … Continued

12 May 2014

Only a matter of time before weak RUT/Naz infect stable SPX/DJI

by hedgopia | posted in: Derivatives, Equities, Technicals | 0

Unlike in the past when equities have shown a strong correlation with each other, increasingly they are marching to the tunes of different drummers. Consider the DJI. It has flat-lined for five months now, and it feels like it is … Continued