Rather quick deterioration in momentum in U.S. stocks From sentiment to Greece to $, worrywarts have plenty of things to worry about Next couple of days will be crucial for bulls to step in and try not to let things … Continued
Sellers take advantage of early-morning strength to sell more stocks Amidst this, transports, high-yields draw buyers; panic noticed in VIX:VXV action Trade could be developing, but given developments in energy space, sustained rally not probable Another ugly day! Could have … Continued
Bulls squander opportunity by failing to defend Tuesday’s lows on S&P 500 and Dow Put-to-call ratios just turning up, and have ways to go before they get overbought VIX surges 57% in three sessions; investors seek to protect 2014 paper … Continued
Shorts continued to raise bets, with short interest at multi-year highs October 15th reversal followed by sharp advance probably caused short-covering With QE gone and broken trendline resistance on S&P 500 intact, shorts could get active again Bulls probably took … Continued
Long-term, S&P 500 index still within six-year trend channel November-2012 trendline broken late September in midst of recent decline Possible test of that broken trendline potentially ideal place for shorts to build positions In the big scheme of things, despite … Continued
200-day moving average perceived by many as demarcation line between bull and bear market VIX surges past 17-18 and nears two-year-plus 21-22 resistance, but yet to retreat (Re) action at/near previous breakdown points to decide who wins out Defensive sectors … Continued
Equity bulls and bears lock up horns in quest to dictate near-term direction Last week’s lows saved on major indices, amidst very bullish engulfing patterns VIX once again rejected at/near 17-18; one more opportunity for bulls to take out resistance … Continued
Encouraging signs of near-term bottom VIX unable to break past 17; several other indicators grossly oversold Medium-term risks remain; SPX, DOW, RUT, NYSE have broken late-2012 trendline The Dow Industrials and the Nasdaq Composite yesterday successfully tested trendline support going … Continued
VIX action yesterday constructive for equity bulls Medium- to long-term, equities have much more to go on the downside Near-term picture beginning to change, as beaten-down junk bonds and small-caps attract bids The morning gap-down in U.S. equities yesterday was … 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