The S&P 500 (INDEXSP:.INX) broke out to new all-time highs, finishing the week up 0.8%. But just as it appears the stock market is ready to blast off, traders would be wise to wait for follow through (a breadth thrust).
Crude oil was looking heavy early in the week but reversed course to test the upper band of its trading range. That’s one to keep an eye on. Will it ultimately break out? Or is it lacking demand?
Treasury yields also moved higher late in the week. Mark Newton’s research called this.
This week’s set of links has some solid research, highlighting market breadth, correlations, and charting observations. There’s also some solid educational posts on trading.
Lastly, be sure to check out the latest posts here on See It Market. Been some great stuff lately.
Crude Oil, the most crowded trade in history in play – Kimble Charting Solutions
A-D Line at New Highs – McClellan Financial Publications
Positive Revisions to Estimates Surge – Gavekal Capital
Stock Correlations are at 8 year lows – The Reformed Broker
Random Concerns and Observations – Calculated Risk
“If you bet too much, you’ll almost certainly be ruined” – Meb Faber Show
Breadth for the 9 S&P Sectors – Andrew Thrasher
IDEAS & RESEARCH
Habits of unproductive people – Darius Foroux
The Real Danger with ETFs – Bloomberg
Carl Sagan’s rules for bullshit busting and critical thinking – Brain Pickings
Sticking With It – North Star TA
The Paradox of Behavior Change – James Clear
The Tech Company that could lead the drone revolution – Capital Market Labs
Check back every weekend for more links to some great investing research blogs and trading ideas. Thanks for reading!
Any opinions expressed herein are solely those of the author and do not in any way represent the views or opinions of any other person or entity.