Here is a chart of AAPL, AMZN, and the SPY over the last 3 years: The 40% gains in the SPY look miniscule in comparison. And while AMZN is generally viewed as a …
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Today’s chart should be taken with a grain of salt. I don’t mean to present it here as evidence that we should be braced for an imminent fall. But similar to yesterday’s chart, it is …
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WSJ U.S. stock futures leaned lower on the back of a mixed report on durable goods and continued concerns about Europe’s debt crisis and slowing economy. About 45 minutes ahead of the open, Dow Jones …
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Dan and I had a discussion yesterday about the proper way to gauge this market. The cause for our discussion was the increasing divergence between the Russell 2000 index and the S&P 500 index. In …
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The SPX closed a few points from a new closing high, and has a new high well in its sights at this point. Though I have not posted any of my many risk-on / risk-off …
Continue readingWhile index prices have marched significantly higher, this is not the type of market where a rising tide lifts all boats. Many boats are being left behind, evidenced by new highs vs. new lows (a …
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After another extremely quiet day yesterday, price action overnight has the feel of the usual European panic that we have seen so many times in the past 2 years. The Euro is back below 1.22, …
Continue readingTrade Update July 16, 2012 at 11:10 am: Since buying the CAT Aug 85/75 put spread for 2.25 on May 24th, the stock has moved almost 15% lower as Chinese weakness has become more widely acknowledged. …
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The overnight range in the SPX futures has been 6 points, on very light volume. The overnight range in the Euro has been between 1.2480 and 1.2510. The 10 year Treasury yield has traded within …
Continue readingWhy do we care about breadth in the first place? Read trading books from 20 years ago, 50 years ago, or 100 years ago, and they all mention breadth. And for good reason. Market breadth …
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