August 6-month lows have had a tendency to be broken in the coming months, prior to a year-end bounce. After getting kicked in the teeth…
Tagged $DIA
What Does Last Week’s Record Bounce Mean For Stocks?
Last week was certainly a historic one in the markets. Given Monday’s mini-crash, somewhat lost in it all (except for the bulls) was the fact…
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…
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…
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…
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…
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…
Equity Options Traders Head For The Hills
The ISE Equity Call/Put Ratio has been under 100 for a record 3 consecutive days. As we have mentioned frequently, the task of weighing positive…
The Summation Of All Fears
This negative breadth signal has an ominous long-term track record. Yes, this is another post about the market’s deteriorating breadth situation. We can’t pick the…
The Thinnest New High In Stock Market History
When we posted yesterday’s piece on the stock market’s weak internals (If Beauty’s On The Inside, This Market Wins The Ugly Contest), we weren’t sure…