Tag: NDX

The Rally That Isn’t?

Just a quick post to share something that’s been puzzling me. I’m not a point and figure user but I do look at the Bullish Percent Index (BPI) charts from time to time. Below are the SPX and NDX charts in which I’ve included the respective BPI data. The main thing that sticks out to

Continue Reading

Askew Me!

September ends tomorrow (actually the opening print Friday of the SPX settlement price) for me. I can’t trade/adjust/balance/ my position beyond the close tomorrow.  The $SPX, $COMPQ, $RUTX and other broad based indices cannot be traded after the close tomorrow . Why does this matter? Because I’m not the only one who will be closing

Continue Reading

Market Breadth Update

June option expiration has come and gone and the markets have held their own as each of the major indices stayed above the 200 SMA. The biggest gainers for the past week were the Dow and the utilities sector ($XLU). The health-care ($XLV), consumer discretionary ($XLY) and consumer staples ($XLP) sectors were flat while precious

Continue Reading

Market Breadth Update

Quite a week as both the $SPX and $INDU broke through their 50-week simple moving averages. Breadth (percentage of stocks above 200 SMA) took one on the chin in every single index and sector that I follow. I’ve decided to include a quick synopsis of the damage in the chart below. You can see that

Continue Reading

Market Breadth Update

May is done as we start a holiday shortened week in which we are still stuck in a range. So much going on in the world and here in the US that, bull or bear, you must admit the market has held up nicely. In fact, when comparing last week’s breadth, a majority of the

Continue Reading

Market Breadth Update

In case you were out last week and haven’t read a single thing or turned on your TV, the markets broke down last week. The $SPX and $INDU closed under their 200 SMA while the $NDX broke through on Thursday but managed to close back above the 200 SMA on Friday while the $RUT found

Continue Reading