August 24 – A True Market Washout
It doesn’t happen too often, but occasionally we witness a true stock market “washout”. That is, a selloff marked by extremely one-sided (to the downside) trading…
New Highs Tie Record For Futility
The absence of ANY New Highs today also contributed to a dubious trendline break. Apparently it took the dog days of summer to break the…
Was The Most Important Line In The Equity Market Just Broken?
The post-2009 UP trendline in the broad Value Line Geometric Composite was violated today. Most technicians and chartists have what they consider their important levels…
Drought Surrounding Last Stock Market High May Be A Warning
50-day “droughts” before and after a 52-week high in the Dow Jones Industrial Average have marked several major tops. It has now been 64 days…
Wait ‘Til Next Year For These Cubs?
As a lifelong Chicago Cubs fan, there is one unfortunate phrase that I had to learn early on: “wait ‘til next year”. No matter how promising…
Australian Stocks Drop “Down Undah” Key Support
You may hear the term “decouple” bandied about in investment circles when discussing global markets. It simply refers to one market’s ability to move irrespective of…
High Yield Bond Rates Indicating Heightened Risk
This piece is a quick compliment to yesterday’s post on the 4+ year low in the iShares High Yield Bond ETF, HYG. Some took exception (understandably) to…
High Yield Bear Battle Paying Dividends
Exactly 1 year ago (alright, in 3 days it will be), we posted a piece titled “High Yield Bonds: The Bear Battle Begins”. Following the post,…
Rotten Apple: Former Leader Breaking Down
This is just a quick-hitter post on another former leader that is breaking down. As we have mentioned several times – in particular on July…
Stock Options Hedging Reaches 6-Year High
We posted a chart a week ago on the recent high level of equity put option volume relative to call volume on the International Securities…