$SPX breached its 200-day moving average, as $SPX upward momentum faltered with a -1.90% plunge on Friday after National Security Advisor Jake Sullivan acknowledged there was a “distinct possibility” that Russia could invade Ukraine before the end of the Olympics. $SPX ended the market week with a loss of -1.82%. $SPX remains resisted by a Downtrend Line...
The earnings season enters one of its busiest phases this week with tech giants Microsoft ($MSFT), Apple ($AAPL) and Tesla ($TSLA) are due to report. Investors will be seeking reassurance from earnings result after last week’s selloff, but market volatility looks set to continue for now. Fed Chair Jerome Powell is expected to signal that the central bank is on...
The big story on the emergence of a new strain of COVID-19 in South Africa caused Wall Street’s three main indices ($SPX, $NDX, $RUT) to tumbled on Friday as they re-opened after Thursday’s Thanksgiving holiday with energy, financial and travel-related stocks bearing the brunt of the selloff. The renewal or pandemic fear has outlined as the biggest risk to today’s...
US markets will be closed on Thursday and will close early on Friday for the Thanksgiving holiday. The market will be paying close attention to Wednesday’s FOMC meeting minutes for fresh insights into the impact of soaring inflation on the future path of interest rates. Markets may also reprice the timing of future rate hikes if President Joe Biden were to...
As U.S. inflation has surged to the highest level in over thirty years, inflation is likely to remain in focus in the coming week with investors looking ahead to the latest U.S. monthly retail sales figures along with earnings results from major retailers, including $WMT (Walmart). With $SPX (S&P 500) erasing its weekly losses from Friday’s late week rally, the...
As U.S. inflation has surged to the highest level in over thirty years, inflation is likely to remain in focus in the coming week with investors looking ahead to the latest U.S. monthly retail sales figures along with earnings results from major retailers, including $WMT (Walmart). With $SPX (S&P 500) erasing its weekly losses from Friday’s late week rally, the...
With multiple pressures on the broader economic outlook going into the dog days of summer 2021, a stagnant and uncertain market will lead to bullish investors looking elsewhere for returns. Bonds will not feed the beast. Changes coming to the Ethereum network will better insulate it from concerns around sustainability. For Canadians, ETHC is an investment worth...
RSP is equal weighted S&P vs Obviously SPY The ratio between these two indicates where money is flowing into or selling out of. There has been a market shift since Nov 2020 that is now approaching long term resistance. High flyers like FANGS IPO ARKK SPAC etc... Are getting murdered while boring stocks holding up well. Winners are usually the last to go and...
When the green crosses below the red I get out of long term positions and wait for the trend (green 50day EMA) to resume its climb again before buying back in. You can see that if you followed this logic it will save you from the worst of the selloffs.
Equal weight vs. Cap weight S&P 500 Quality vs. MOMO Smallcaps vs. Tech Value vs. Growth ( S&P 500 ) Topics of conversation all year long...expecting this to continue...
RSP has been an interesting one. This is the equal weighted S&P 500. It was looking like a double top lower high but it held the 100 day MA for now. Interesting to see what happens.
Clearly bearish as we broke through the head & shoulder pattern's neckline. Likely to consolidate slightly around $105-$107 before heading lower. Currently finding support around the 100d-EMA right now, but imo, likely to head lower over the coming weeks. You can also see a "double top" pattern when you look at my top-most yellow rectangle. Each yellow...
Equally weighted S&P 500 (RSP) and IWM had the smallest decline Thursday and Friday compared to other indices. This could signify that the sell-off was mostly over valued tech stocks and not a broader market sell off. Compare this to the price action in June, where RSP and IWM fell significantly, indicating a broad sell off of the S&P 500. Using this chart, I...
Possible false breakout. If we close today below 113.04 and hold any tests it is a good opportunity to short/manage risk. Mental SL is slightly above 113. We failed at the gap. Target price is support around 98
This indicator shows relative strength of an equal-weighted sp500 w.r.t. the market capitalization weighted sp500. In bear markets, the market as a whole is doing well, and RSP does 100% better than SPX. However, if the ratio dips below 1.0, this is signs that a few big players are carrying the market. n.b. i weighted by 30 for display purposes.
This ratio is nearing a significant zone. Daily RSI is notable!
Weekly % Change $SLY+5.78% $RSP +5.44% $SPY +2.33% Check out how correlated SLY vs. SPY is to RSP vs. SPY right now.. Additional evidence of improving market breadth? A-D Line for SPX making new ATHs..
Using the ratio of equal weight S&P 500 to the market cap weighted S&P 500 provides great insight into how concentrated the market is. Market Concentration Market concentration tends to grow as a bull market extends into its older age. There are some basic structural reasons for this. Portfolio Managers & discretionary investors naturally pile into winning...