Small-caps are clinging on to major support. The closest the Russell 2000 came in testing major resistance just north of 1600 was Monday when it rallied to 1537.62 intraday. The next couple of sessions, sellers came out in droves. The … Continued
Stocks are ripping higher. Sentiment is exuberant. Several technical indicators are extended. The Fed’s aggressive action was a catalyst in March when major US equity indices bottomed. Its asset holdings continue to grow, but the pace of growth has decelerated. … Continued
After massive rallies since the lows of March, major US stock indices saw sellers show up later last week at/near important resistance. Some indicators made a quick switch from fear to greed. This is coming at a time when the … Continued
The announcement of QE4 last week failed to stabilize stocks. This is unlike how they behaved during QE1/2/3. Fear rules. Just a month ago, greed did. Sentiment will reverse. Last week, major U.S. equity indices were once again slammed. Even … Continued
Bears are making a killing. Stocks have come under renewed selling pressure. The S&P 500 is very close to losing 20 percent on a closing basis. Amidst this, fresh from a 50-basis-point emergency cut of last week, the FOMC meets … Continued
Last Friday, amidst heavy selling, bulls put foot down near October 2019 lows. By then, several indicators got pushed into grossly oversold territory. Not Investors Intelligence bulls, whose count this week was 41.7 percent. Since last Friday’s intraday reversal, stocks … Continued
Investors Intelligence bulls this week posted the highest since early October 2018 when US stocks were peaking. This time around, stocks rallied big the last 15 weeks. Bullish sentiment is way elevated. The Russell 2000, which currently sits at crucial … Continued
Last year was a bumper year for stocks. Conditions are extended, sentiment effusive. History has taught us over and over again unwinding can be painful. As soon as 2020 began, US stocks picked up where they left off 2019. In … Continued
Major US equity indices continue to attract bids and are trading at fresh highs. Greed rules, with several metrics at nosebleed levels. In a seasonally favorable period, crazy can get crazier – at least that is what bulls hope. How … Continued
The S&P 500 rallied strongly in the past month. Investors Intelligence bulls expanded eight percentage points in the last three weeks. In the options market, investors are taking off protection they bought earlier. Greed has replaced fear. Unwinding is the … Continued