Small-Cap volatility expectations just smashed previous record lows. I’ve written a fair amount lately on various themes related to volatility expectations in the stock market. Many of these posts focused on the behavior of volatility expectations relative to their underlying stock market indices, including one last week on the “stand-off” between the Russell…
As many of you know, I like to share charts that on trend lines. Whether price is testing, retesting, breaking out, or breaking down through a trend line, there’s a lot to be gleaned from them. Further, the 30 Year U.S. Treasury Yield (INDEXCBOE:TYX) is attempting to break through its…
A key broad market gauge is potentially breaking a major line of support. Could this lead to a stock market correction? If you’ve followed us for awhile, you probably know about our affinity for the Value Line Geometric Index (INDEXNYSEGIS:VALUG) as a gauge of the broader equities market. The Value…
This post was written a couple weeks ago for my premium service. I think it has some interesting trading insights so I’m sharing here as well. Note that there are 2 updated trading charts at the bottom of the post. While the Bitcoin craze means nothing to us, the chart…
The recent string of Nasdaq (INDEXNASDAQ:.IXIC) new highs occurring with negative market breadth has only been matched by a stretch in 1999-2000. In Part 1 of our “Internal Cracks” mini-series, we looked at the unusual recent spate of new highs in S&P 500 that occurred on negative NYSE volume. That is, despite the…
A myriad of stock market indices are hitting new highs; but is it a sure-fire bullish sign? In Part 1 of our breakout mini-series, we discussed the importance of Wednesday’s breakout in the Value Line Geometric Composite. Our series is called Breakout “Barrage”, however, so it is appropriate to talk about the numerous…
The U.S. equity market saw a wide swathe of indices break out this week. Perhaps the broadest and most important breakout was the Value Line Geometric Index (INDEXNYSEGIS:VALUG). Wednesday’s rally on Wall Street led not only to new highs again among the popular large cap indices, but also to breakouts…
In the midst of a decade-long “drought”, grain prices may finally be perking up… During the commodities boom 10 years ago, among the darlings among speculators were the grains. However, like any market that becomes the object of such investor exuberance, grain prices soon withered. They have spent the better…
Last fall, we laid out the foundation for the current rally in pharmaceutical and biotech stocks; we take stock of those setups and the sectors’ present prospects. Some may construe today’s post – and the associated charts of the day – as a victory lap. And while there may be…
A look at the Equal Weight S&P 500 has something for both the bulls and the bears. A hot, and much debated, topic of late in equity market circles is the issue of market breadth. As a refresher, breadth refers to the level of participation among all stocks in the…