| To: rimshot who wrote (1220) | 2/1/2023 10:38:26 PM | | From: rimshot | | | | Percentage of S&P 500 index stocks + four other indices which
have component stocks that individually rest above their
20-day exponential moving average:
stockcharts.com
percentage of stocks above their 20-day EMA, as of Wednesday February 1, 2023:
$SPX - 80.6% / was 65.2% on Jan. 30 / was 71.2 on Jan. 24 - January high remains above
$OEX - 74.0% / was 56.0% on Jan. 30 / was 64.0 - ditto
$NDX - 86% / was 67.0% on Jan. 30 / was 76.0 - above the January high for day #1
$MID - 90.5% / was 75.5% on Jan. 30 / was 77.25 - above the January high for day #1
$NYA - 86.1% / was 72.5% on Jan. 30 / was 79.2 - January high remains above
* bulls want to see a lasting hold above 70%, and bears
want to see a lasting hold below 30% to 50% |
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| To: rimshot who wrote (1215) | 2/3/2023 10:11:08 AM | | From: rimshot | | | | SPY's price advance to 418.31 on February 2nd
saw a rejection by the weekly 20,2 upper Bollinger Band
whose value is currently 418.24 on February 3
SPY weekly with 20,2 Bollinger Band & 20,2 %B-
stockcharts.com |
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| To: rimshot who wrote (1219) | 2/4/2023 9:57:02 PM | | From: rimshot | | | | $NYA daily closes chart provides evidence the prior long-term horizontal breakdown price
location is now acting as firm resistance for the current price advance -
stockcharts.com
$NYA continues to head-bump the May 2022 intraday high ...
see the bottom of this daily chart -
stockcharts.com |
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| To: rimshot who wrote (1225) | 2/25/2023 1:20:42 PM | | From: rimshot | | | | 3949.xx = 200-day SMA current value for the /ES emini as of Friday's close
vs.
3947.50 Friday's low of day for /ES
3940.12 = $SPX 200-day SMA current value
only approx. 30 minutes of price action hovered near the /ES 200-day SMA before price
bounced
3982.28 = /ES daily 21,2 lower Bollinger Band current value
vs.
3974.50 Friday's 5:00 pm ET close
3992 to 3995.xx = the Volume Point of Control current values looking
back 90, 180 and 360 trading days using Volume by Price analysis at the most
detailed level ( software accomplishes this task )
updated screenshot of the /ES Daily chart showing the range
since 10/10/22 with the daily 21,3 Bollinger Band -
screencast.com
SPY tagged its declining tops trend line on Friday, but did not violate it ...
see the daily chart set with T/L's at the bottom of this post
$SPX 3946.89 = 150-day SMA current value at Friday's close ...
the 150 was only briefly violated on Friday, Feb 24
$SPX daily closes chart with selected moving averages -
stockcharts.com
declining tops trend lines for five US index ETF's -
stockcharts.com
stockcharts.com
stockcharts.com
stockcharts.com
stockcharts.com |
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| From: rimshot | 2/25/2023 1:36:04 PM | | | | | | Helene's poll Saturday morning shows:
56% betting down
43% betting up
for next week ending March 3, 2023
here is her updated Net Sentiment chart incl today's Poll stat -
* this represents 5 consecutive weeks of negative sentiment
pbs.twimg.com |
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| To: rimshot who wrote (1236) | 2/25/2023 2:53:04 PM | | From: rimshot | | | | Morgan Stanley says the S&P 500 could drop 26% in months
Expensive US equities are flashing a warning sign that could see the S&P 500
sliding as much as 26% in the first half of this year,
according to Morgan Stanley strategists.
==================================================
" Theoretically, stretched valuations are no hurdle for equities as long
as corporate profits are able to catch up.
Whether that will happen again this time is the biggest question facing equity investors today.
In the eyes of Ed Yardeni, the founder of his namesake firm,
the PEG ratio reflects two warring narratives —
one showing investors are willing to look past any short-term roadblocks and pay up for stocks,
and another reflecting mounting skepticism over growth.
“It’s signaling caution because you got a tug of war between the relative pessimism
of analysts and the relative optimism of investors,” Yardeni said.
“It may just turn out that it’s a tug of war where neither side makes any progress,
which is what it could be for a little while.”
Since June, the S&P 500 has been mostly stuck in an 800-point band,
creating headaches for bulls and bears alike.
Over the stretch, the index’s closing prices averaged at 3,939 —
about 30 points away from where it ended Friday.
With the benchmark gauge surging as much as 17% from its October low,
some market watchers have viewed the rebound as the start of a new bull market.
To David Donabedian, chief investment officer of CIBC Private Wealth US,
it’s too early to call the all-clear given stocks have yet to start looking like bargains.
“It didn’t say that back in October either when we had the beginning of this market rally,
” Donabedian said.
"So to me, we have not seen that capitulation phase that every bear market
has where investors throw in the towel, give up hope and you get a market
that looks objectively inexpensive. We’re not there yet.” |
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