Wealth Creation Through Natural Resources
As we pointed out last week, a unique combination of heavily bearish market participants, extreme levels of short interest, and bullish seasonality offered a recipe for a powerful short covering rally. We have seen exactly that play out since last … Continued
This is a fascinating chart showing a large spike in short interest in S&P 500 stocks during the last couple of months: Short interest (number of total shares sold short) had been in a relatively tight range for the … Continued
The S&P 500 exchange-traded fund SPY printed another ‘doji’ candlestick today. However, today’s doji was quite different from yesterday’s in terms of both context and direction: Today’s break lower from the bearish flag targets a move down to at … Continued
Something unusual happened today in the S&P 500 exchange-traded fund SPY; a perfect doji candlestick: SPY opened at 196.44 and closed at 196.44 while traversing a nearly 2 1/2 point range during the session. There are a few notable … Continued
Thus far 2015 can be dubbed ‘the great oscillation’. We have seen some wild sentiment swings and a tremendous amount of rotation and bifurcation underneath the surface of the major equity indices. However, the S&P 500 has essentially gone no … Continued
Stocks have gotten whacked in the last 24 hours with the S&P 500 falling more than 40 points from high to low. The daily chart of the S&P (SPY) shows a potential breakdown from a pennant pattern which has formed … Continued
There is certainly no shortage of noise out there for investors to get confused by right now. From China to Greece to speculation about when the Fed will hike rates, it’s seems as though there is an endless barrage of … Continued
Weekly chart wrap for the week ending 6/5/2015 – we saw some seismic moves in interest rates as equities began to show some chinks in their armor. The current trends are as follows: Oil: Oscillating within a range Precious metals: … Continued
How can a .42% sell-off in the S&P 500 be considered bearish? After all, such a small move falls well within the realm of noise. I would almost always not place too much weight in a trading session with such … Continued
US equities have come under heavy pressure this week after the small-cap Russell 2000 post yet another all-time high last week. There are more than a few signs that all is not well for equities, however, the situation is not … Continued