After seven consecutive up weeks, the Nasdaq 100 went negative last week. Bulls came so close but were denied a new high. This is occurring even as breadth is in divergence with the index. Tech bears last week finally achieved … Continued
In March, The Nasdaq 100 jumped 9.5 percent. In contrast, the S&P 500 only managed to rally 3.5 percent, while the Russell 2000 small cap index gave back five percent. Tech’s outperformance comes at a time when economically sensitive small-caps … Continued
The Nasdaq Composite and Nasdaq 100 are at new highs, but their A-D lines are acting different – in confirmation with the latter but not the former. Once again, it is a case of the soldiers not falling in line … Continued
Following futures positions of non-commercials are as of August 3, 2021. 10-year note: Currently net long 87.7k, down 76.8k. A total of 5.7 million and counting. That is the number of non-farm jobs needed to match the pre-pandemic high of … Continued
Equal-Weighted Indexes pertaining to both the S&P 500 and Nasdaq recently broke out, although not decisively. Their market cap-weighted cousins could soon follow them. Should that happen, it is important to consider the vigor with which that happens. Equal-weighted indexes … Continued