The Global Dow – among other indices – successfully defended its breakout level of last month. About 6 weeks ago, we suggested that in order…
Tagged $SPY
Options Traders Continue Their Unusual Hedging
While the stock market saw big gains yesterday, one options exchange reported a near-record level of relative put buying. One of the recent themes that…
12 Months Of “Close But No Cigar” In The Stock Market
While it’s now been a year since the Dow’s last 52-week high, it has actually remained almost record-breakingly close to that high for the past…
Heavy Metals Sending A Warning To Economy, Markets?
The prices of industrial metals have dropped to a near-record low level relative to precious metals, a trend that has had larger negative consequences in…
Stock Options Traders Easily Spooked
Equity put/call ratios have spiked – despite an unprecedentedly small loss in the averages. One interesting development related to the stock market currently pertains to…
A High-ly Unusual Breadth Milestone
The number of 52-Week Highs on the NYSE itself made a 52-week high, even as the market averages were falling; this is a rare feat,…
Can Momo Regain Its Mojo?
High beta stocks were among those laggards that broke out above resistance last month, providing more fuel for the rally; they are now testing that…
Should Investors “Stay In May” This Year?
The old stock market adage “Sell in May and Go Away” has an impressive track record for a seasonality signal; but it may pay to ignore…
Perhaps There IS Something To The Recent Positive Breadth Skew
A historical look at yet another day displaying disproportionately good breadth suggests that it may actually have relevancy in the near-term – in a bullish…
Global Equities Stake Key Technical Ground
The global equity market had a big week, arguably overcoming key levels of technical resistance…for now. Much of the ink in this space over the…