Many of the major averages are facing areas of key resistance in their post-February rallies – including the Value Line Arithmetic Index. About a week…
Tagged $SPY
Global Stock Gauge Testing Key Breakdown Level
After rallying off major support for the past month, the Global Dow Index is testing its key January breakdown level. Money managers and strategists all…
Options Traders Head For The Hills
Call buying of stock options has been extremely subdued relative to puts recently – typically a bullish contrarian signal; however… We are not the first…
Key Equity Index Climbs Back Up The Elevator Shaft
The Value Line Geometric Composite, which broke critical support in early January leading to an immediate 12% drop, has climbed all the way back to…
Large Cap Growth Stocks Recapture “Pivotal” Level
The S&P 500 Pure Growth Index has broken above a key level that has alternately served as support AND resistance over the past 2 years.…
Another Relative Strength Staple Scores An All-Time High
RHS, an equal-weight consumer staples ETF, continues its recent show of relative strength by hitting a new all-time high. After a year like 2015 that…
Is The Stock Rally Glass Half Full Or Half Empty?
The February stock market bounce has reached a crossroads – will there be another leg higher or has the rally run its course? The rally…
Broad Market Index Testing Broken “Must Hold” Level
The broad NYSE Composite stock market index is testing the level we deemed “must hold” – that broke in January. Back on January 8, we…
Bearish Fund Flows Hit 4-Year High AFTER Big Rally…Again
Assets in bearish Rydex mutual funds have spiked to their highest level since 2011 – AFTER another 100-point S&P 500 rally. One common misstep on…
S&P 500 Approaching Significant Levels
The correction in the equity markets has brought the S&P 500 down close to a confluence of key technical levels. People ask us all the…