The volatility in the stock market might be viewed, to quote “MacBeth,” as “full of sound and fury, signifying nothing.”The market has been quite choppy of late but does that truly signify an increase in volatility?This is where your measurement tools make a difference.If you look at the CBOE Volatility Index, also known as the market’s “fear gauge,” the answer […]
5 Reasons to Stay Bullish Over the Near-TermPosted by Joe Fahmy
on April 12th, 2015
Share on StockTwits1) The NUMBER ONE criteria I use to evaluate the overall health of the market is the price action of leading stocks. Right now, I am finding many strong fundamental companies forming strong technical patterns. When I see this across many sectors, the market has […]
TraderFeed: New Highs and Lows in the Stock Market and What They Tell Us
New Highs and Lows in the Stock Market and What They Tell UsIf you’ve followed the blog for a while, you know that tracking the number of stocks across all exchanges making fresh one- and three-month new highs versus lows is one of my favorite measures of […]
The great Chinese equity juggernaut rolls on. The Shanghai composite is up 14% this year, compared with the S&P 500’s sickly -0.1% performance. This, as we’ve noted, is a bona fide mystery: China’s economy is sputtering and yet its stock market only flies higher.ShareTap image to zoomThe tanking housing market is one likely culprit, as is the recent zeal for […]
TraderFeed: Taking a Fresh Look at Stock Market Breadth
Taking a Fresh Look at Stock Market BreadthIn the last post taking a look at market breadth, in mid-February, I pointed to waning breadth but continued buying interest to suggest that we had made a momentum peak in stocks, that further price strength was likely, and that the recent rally was part […]
Stocks moved smartly to new highs in the major averages this past week. Sector rotation was particularly noteworthy, with former leaders utilities and consumer staples–defensive and yield plays–falling behind and more growth-oriented sectors–consumer discretionary and raw materials–showing particular strength. This reflects strength in U.S. economic data and an increased pricing of odds that the Fed will begin to normalize interest […]
Recent market behavior in stocks has been confusing for traders, as we’ve had a good deal of volatility during 2015, with little ultimate directional movement. VIX has stubbornly stayed above 15 for much of this time, a notable change from most of 2014. Here are three views of breadth in the U.S. stock market that can help us make sense […]
It remains a time for caution. After a brief flurry of optimism this Monday the rest of the week went quite badly. Friday the indexes opened mixed, sold off until mid day, tried to rally til mid afternoon, and then a flurry of selling into the close. Not great. The S&P 500 fell 1.30% and the NASDAQ 1.03%. A lower […]
I recently took a look at changes in the number of shares outstanding of the SPY ETF as a sentiment measure. When traders are bullish, shares are created in the ETF; when they are bearish, shares are redeemed. This is a useful sentiment gauge, because it reflects what traders are actually doing in the market, not just their stated sentiment.What […]
SET President Kesara Manchusree said on Tuesday that the trading value amounted to an average of Bt45.46 billion per day.The value was the highest in Asean for the third consecutive year despite varied national poroblems facing Thailand in the first half of last year.The trading volume of futures amounted to as many as 147,025 contracts per day.In the third quarter, […]
