5 Mar 2020

Last Week’s Heavy Selling Drives Several Metrics Into Severely Oversold Territory, Not Investors Intelligence Bulls

by | posted in: Equities, Technicals | 0

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

2 Mar 2020

Amidst Last Week’s Bloodbath, Bulls Defend Crucial Support On Major US Equity Indices Fri

by | posted in: Credit, Economy, Equities, Technicals | 0

Last week, all major US equity indices lost north of 10 percent and were down a lot more at session lows Friday.  If there is any consolation in this, amidst the carnage, bulls stepped up to defend important support.  Some … Continued

22 Mar 2016

Stocks Defy Expectations Last Five Weeks – VIX:VXV Flash Warning Signal

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

Last Friday, spot West Texas Intermediate crude ($41.62) produced what looked like a shooting star near its 200-day moving average ($42.77).  Right above lied another layer of resistance at $43.50 going back to January 2015 (Chart 1). A shooting star … Continued