S&P 500, Nasdaq Suffer 7th Straight Weekly Drop; Russell 2K Refuses To Make New Low, Even As Other +VE Divergences Take Shape

posted in: Equities, Technicals | 0

US stocks continued their downward trend last week. Both the S&P 500 and the Nasdaq suffered their seventh consecutive weekly drops. Amidst this also came flashes of hope. The Russell 2000, a risk-on barometer, failed to make a lower low … Continued

S&P 500 Approaches Golden Ratio Of Jan Decline – Again – Shorts Likely To Get Active

posted in: Equities, Technicals | 0

In a matter of three weeks last month, the S&P 500 gave back 12.4 percent. A .618 golden ratio of that decline lies at 4591, which was tested on February 2 and again on Wednesday. The 50-day lies just above … Continued

Amidst Signs Of Excesses, 50-Day Once Again Defended On S&P 500; Fed Readies To Taper/Tighten

posted in: Economy, Equities, Technicals | 0

The 50-day on the S&P 500 was once again defended. Households’ equity exposure is on course for yet another high in 3Q, even as margin debt jumped to yet another record in August. Amidst these signs of excesses, the Fed … Continued

Investor Sentiment Continues Elevated, Nasdaq Internals Diverge With Tech-Heavy Index

posted in: Equities, Technicals | 0

Investors Intelligence bulls-to-bears ratio hit four this week – a rare occurrence. This is taking place at a time when internals on the Nasdaq are diverging with the index. Tech’s importance is all too known, with the top five US … Continued

FINRA Margin Debt Inching Closer To May ’18 High, Has Tight Correlation With Small-Caps, Which Are Going Parabolic

posted in: Credit, Equities | 0

As major US equity indices post record highs, margin debt is inching ever closer to its high from May 2018. In all probability, November will have made a new high in margin debt. Amidst all this risk-on behavior, it is … Continued