A while ago, I posted on the topic of divergences appearing in the U.S. stock market. Specifically, we were near all-time highs in the large cap averages, but a significant number of stocks were making new lows and small caps in particular were dramatically underperforming. When I examined past instances of such underperformance, I found very different results […]
If you look closely, you’ll see something quite unusual: the large cap indexes, such as the Dow and SPX, have been making or have been close to making all-time highs. If we look at the broad universe of common stocks, however, we can see that more are making 3-month new lows than new highs. Indeed, this has […]
TraderFeed: Three Perspectives on Stock Market Strength
Three Perspectives on Stock Market Strength
The cumulative line of NYSE TICK has once again hit all-time highs, as large cap indexes now stand close to their own high water marks. Overall, I am not seeing a change in the bull market dynamics, though there has certainly been a high degree of sector rotation.The […]
I’ve received quite a few questions from traders about stocks and whether we’re putting in a bottom here. The question is understandable. If you look at a chart of the NYSE Composite Index ($NYA), for instance, you’ll see that we’ve bounced off a support area. Too, you can see from the number of fresh three-month highs minus […]
Punch up a chart of SPY and you’ll see that, even with yesterday’s drop, we’re not far off the market highs and above the level at which we finished 2013. (My flow index for the chart starts 2013 at a level of 100).If, however, we look at the money flows in SPY–the product of the share price times the […]
Suppose you could follow every single stock listed on the NYSE and track every few seconds how many of the stocks were trading on upticks versus how many were trading on downticks. What would that information tell you?
A buyer who wants to own shares aggressively will execute with a degree of urgency and will pay up for those shares. […]
