New high in S&P 500 Adv/Decl line
Yesterday saw a new record high in the S&P 500 (SPX) Cumulative Advance/Decline line (Figure 1). Here is a great example of why we must view data points within the…
Read MoreStrong breadth should push advance-decline line to new high
There is strong market breadth today as a majority of S&P 500 constituents are trading higher.
Read MoreHow does one know when fear is getting discounted?
How do you know when fear might be discounted? President has personal lawyer raided, Paul Ryan retires, a missile gets shot down and blasts are heard in Saudi Arabia, Zuck…
Read MoreBulls retreat
The latest Investors Intelligence report shows the drop in bullishness is starting to pick up steam.
Read MoreBreadth follow-up
Breadth remained strong into the close. On the NYSE volume in advancing stocks outpaced volume in declining stocks by a ratio of 6.67 to 1. This is the highest closing…
Read MoreFacebook effect
It is amazing how quiet the trading room got when the hearing started. Literally as quiet as I have ever heard, and is a sign the volume should shut off…
Read MoreBetter breadth today
Breadth has remained notably stronger today then it did yesterday. As of 2pm today, the NYSE advance/decline ratio is 3.7 to 1. The volume breadth ratio is even more “minty…
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It will be an uphill battle that can be done
The rest of this cycle going to be a more aggressive uphill battle given increased economic volatility and monetary uncertainty. It reminds me of @rootstockracing adventure race in PA…
Read MoreAnother data point suggesting next leg higher
As of last Friday, 8 of prior 11 sessions saw NYSE "up" volume at an extreme of >80% or <20% of total volume. According to my "stats dude" @sentimentrader, since…
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