Pullback in Margin Debt is healthy…unless it signifies the start of a larger decline. In our post yesterday on household stock investment, we discussed what…
Tagged $SPY
Household Stock Investment Was Near 15-Year High Entering 3rd Quarter
Elevated investment level means households likely took the brunt of the 3rd quarter correction. For those following the Federal Reserve’s “Households and nonprofit organizations; directly…
Stock Buyback Binge Continues
Extension of ZIRP suggests company share repurchases will remain elevated…but will the correction have an effect? One contingent that was particularly happy to see the…
“(Not Always) Smart Money” Hedgers Are Record Long S&P 500 Futures
It seems like sentiment indicators used to be more straightforward. That is, when one group of traders or survey respondents were positioned to an extreme,…
Will Yesterday’s Shooting Star Make Bears’ Wishes Come True?
Like it’s bullish counterpart, the hammer, this bearish reversal pattern has been inconsistent in its forecasting abilities, except under certain conditions. We’ve covered the “hammer”…
Something’s Askew In This Market
CBOE’s Skew Index, a measure of “tail risk” is at an extreme – unusual given current circumstances. One definition of skew is distortion. In a…
The Most Loved Stock Market Rally In History
One survey recently recorded the highest level of expectations for a market rally in its (admittedly brief) history. Not too long ago, stock market bulls…
Speculators Make Record Bet On Volatility Rise
Non-Commercial Speculators are net long more VIX futures contracts than ever before. We’ve discussed on several occasions using the CFTC’s “Commitment Of Traders” report as a…
Is The Flurry Of 90% UP Days An “All Clear” Signal?
“Thrust Days” are said to be good markers of a stock market launch…are they? The other day, we looked at the recent spate of 90%…
Global Equity Index Hanging On Lower Precipice
On June 17, our Chart Of The Day indicated that the Global Dow Index was “sitting on the precipice”. The Global Dow is an equally-weighted index…