Key Market Gauge Able To Hold Important Support
Just 8 days ago, we highlighted the breakdown of the Value Line Geometric Composite below its post-2009 UP trendline. And while trendlines are a dime…
Volatility Of Volatility Flies Off The Charts
The Volatility Index of the VIX just crushed its previous record high. We’ve spent the week pointing out some of the eye-opening readings dished out…
Four Straight 1% Down Days: FOURtune Or FOURwarned?
Rare four straight 1% drops in the S&P 500 have mostly occurred at bottoms of some significance…with a few notable exceptions. Our last several posts…
Inverse ETF Hedging Near Record Levels
In recent weeks, we have discussed a number of data points indicating elevated levels of hedging in the equity market. This includes examples from the…
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…