Tag Archives: SPX

S&P’s trading divergence now extending to its primary trend, as fundamentals begin to overtake even QE

 

spxd 23jan14

spxw 23jan14

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Tapered QE forced to contend with mounting S&P divergences, January’s the sharpest yet

spy 20jan13

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S&P support appears to have held; look for a counter-trend rally, and beware if it tops near 1810

 

spxd 31jan14

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Housing Update: focus on existing sales trends, not builder sentiment

Housing: Record institutional/cash buying suggests that investors focus on pending existing sales trends, not builder sentiment

itb 05nov13

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SPX: Current market divergences rival those of 2007 and 2011

Current market divergences rival those of 2007 and 2011, though neither prior divergent condition was defended by an $85 billion monthly Fed injection

spx13 01nov13

spx2007 01nov13

spx200 01nov13

spxa-d 01nov13

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KBW Bank Index – BKX

Banking sector’s threatened relative strength breakdown merely confirms the risk to S&P earnings growth

bkx 14oct13

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CBOE Volatility Index – VIX

VIX has reached resistance ahead of schedule; technical profile stronger than expected, suggesting S&P at even higher risk than expected

vixw 08oct13

vixw2 08oct13

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CBOE Volatility Index – VIX

While investors continue distracted by D.C., attention should be focused on unusual trifecta of daily, weekly and monthly VIX upturns

vixd 07oct13

vixw 07oct13

vixm 07oct13

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Transports

The efficacy of stimulus and QE on growth, as viewed through the Transports

tranw 04oct13

tk-spyw 04oct13

xal-spyw 04oct13

tran-spym 04oct13

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Housing Index and the S&P 500

Having led the S&P for 16 months, Housing’s recent lag raises questions about the rally, even bigger questions about the economy (given its 50% share of GDP since Q4:2012)

hgxd 01oct13

hgxw 01oct13

hgxw2 01oct13

hgxm 01oct13

hgx-spx 01oct13

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S&P action suggests investors watch what the Fed cannot control

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S&P 500 Update

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S&P 500 Outlook

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The monthly is starting to speak

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Current NYSE breadth and indicator divergences greater than those in May that led to 7% sell-off

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