Are things really bad out there? Without a doubt, there is no shortage of things to worry about. From slowdown in China to volatility in emerging markets to continued deceleration in the global economy to the Fed possibly committing a … Continued
2134.72. That is the all-time record the S&P 500 Index (1948.86) notched on May 20. It is possible in the annals of stock market history this high will be viewed with the same level of trepidation/respect as 1553.11 (March 2000 … Continued
In the right circumstances, U.S. stocks have room to rally – at least in the near-term. After the recent pullback, U.S.-based stock funds attracted $14.1 billion in the week ended July 8 – biggest inflows since mid-December (courtesy of Lipper). … Continued
If there has been one common thread shared by major U.S. indices before the rout this Monday, it is this: the sell-off preceded a trendline break. Back in the middle of October last year, as the S&P 500 Index was … Continued
The latest (mid-June) short-interest reports are intriguing in some respects. On both the NYSE Composite and Nasdaq Composite, short interest jumped period-over-period, to 16.2 billion and 8.9 billion respectively – up 3.6 percent and 3.4 percent, in that order. (Check … Continued
Major U.S. indices have lost October 2014 trendline Other medium- to longer-term trendlines and support zones are intact Since trendline break is not in isolation, rather across indices, worth paying attention to Five weeks ago, the S&P 500 Index (2094.11) … Continued
Buy-the-dippers have been a roadblock to shorts’ success. It is probably not an exaggeration to say that the prevailing buy-the-dip mentality in U.S. equities has done to this bull market what oxygen does to a fire. When O is present, … Continued
S&P 500 retraces 161.8 percent Fib extension of Oct 07-Mar 09 decline Transports not in sync with Dow/S&P 500, having broken several support levels Having spent lots of buying power of late, SPX shows signs of fatigue; pullback odds rising … Continued
In each of the past three reporting periods, short interest has dropped on both the NYSE and Nasdaq. Not a whole lot. But it is a decline nevertheless. Since the middle of March through end-April, it dropped 1.5 percent on … Continued
Major U.S. indices reversed from early strength yesterday. As a matter of fact, it took less than an hour – half an hour in most cases – before things began to turn south. From the S&P 500 large cap index … Continued