I’ve felt like a broken record over the past month mentioning weakening breadth in the market. My Chart of the Day post on June 4th explained my concern back then, and in the intervening days, …
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So far this week, we have seen a complete lack of buying pressure based on buying programs that go through in the broader market. For a quick visual to illustrate what I mean, here is …
Continue readingOne of the most concerning aspects of the price action over the last 3 weeks has been the weak underlying breadth of the market. Even with today’s ugly action so far, the market is only …
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A chart making the active rounds in the blogosphere for the past month is an illustration of margin debt on the NYSE nearing the July 2007 record. The first time I saw it was about …
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Market breadth is a topic with its own library of literature. Books from a century ago by stock market operators mention the importance of market breadth. Here’s an excerpt from Justin Mamis’ 1991 book, The Nature …
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The SPX is up 5 straight days in a classic, low-volatility rally. In fact, the U.S. stock market hasn’t moved much since the first trading day of the year, when it rallied 2.5%. 10 day …
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Broader trends in the market often get lost in much of the day to day noise. We become too focused on the next 20 SPX points to notice the underlying changes in market internals. Hard …
Continue readingToday was the second-lowest NYSE advancer reading of the year (March 6th was the lowest), as only 321 NYSE issues were up on the day. But Facebook was one of the few stocks higher, up …
Continue readingHere’s a preview of what I’ll be discussing on Talking Numbers today around 3:20 to 3:30 pm EST on CNBC: Short post today, as I have to leave for the NYSE 2 hours in advance …
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Business Insider Mario Draghi has disappointed the market, it would seem. In his press conference he’s made noises about yields being unacceptably high, and other things. But there’s no concrete action. Markets are going down. …
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