Sign inRecent Commentaries tagged (s-p500)
2009 in Review, 2010 Forecast: Equilibrium and Dilemma
By: Fernando Gonzalez, EvolutionTrading.net January 3, 2010 It’s that time of year to make grand assessments. In order to understand where the Equity Markets are at now, and discuss the possibilities of the future, let’s take a look back a little bit, before looking ahead: 2009 ended-up as the...
Daily Stock Market Commentary
Stock Market: volume fell on Friday’s recovery attempt, and that is not a sign of strong buying power. Technology Stock Sector Relative Strength Ratio (XLK/SPY) rose to another new 3-month high on 11/13/09, confirming the preexisting bullish trend for the intermediate term. XLK/SPY rose to its...
Daily Stock Market Commentary
Stock Market: a small recovery attempt was not confirmed by volume. The S&P 500 rose 0.65% on Monday, but volume of trading declined. The Dow-Jones Industrial Average rose, but the Transportation and Utility Averages fell, indicating bearish price divergences. Large Cap stocks rose more than...
Daily Stock Market Commentary
Stock Market: Call/Put Ratios are rising to zones that indicate bullish sentiment. Dow-Jones Industrial Average rose to a new 2009 closing price high, but The Transports are lagging and failing to confirm the Industrials’ price strength. The Nasdaq Composite failed to make a new 2009 closing...
Daily Stock Market Commentary
Stock Market: reflecting doubts about global economic prospects. Major price indexes fell further below 3-week lows on 10/2/09. On Balance Volume for the SPY fell further below the lows of the previous 2 months. Volume remains weaker than price. Stock price momentum oscillators are weak and...
Daily Stock Market Commentary
Stock Market: rising volume confirmed price weakness. Major stock price indexes fell moderately both on Tuesday and on Wednesday. Trading volume rose both days as prices fell, thereby confirming the new downtrend. On Balance Volume for the SPY broke down below the lows of the previous 6 weeks...
Daily Stock Market Commentary
Stock Market: consolidating gains. Major stock price indexes turned down moderately on Tuesday, following large price rebounds on Monday. Trading volume rose on Tuesday’s stock market decline. Clearly, that is not a confirmation of strength. Stock price momentum oscillators turned back down,...
Daily Stock Market Commentary
Stock Market: a moderate movement toward risk aversion is evident. Cyclical stocks have been underperforming over the past two weeks. Materials and Industrial Stock Sectors Relative Strength Ratios both fell below the lows of the previous 3 weeks on 9/25/09, indicating that the short-term trend...
Chart Presentation: 10%
We have focused so many times over the past few months on the way the U.S. dollar trends ‘with’ the share price of Amgen (AMGN) and inversely to ocean bulk shipping rates (Baltic Dry Index- BFI) that we won’t bother to go back through the details today. Suffice it to way that the ratio between...
Daily Stock Market Commentary
Stock Market: mild price pullback on light volume. Stock prices overcame early weakness to close mixed to moderately lower on light volume. Volume is supposed decline in temporary counter-tend corrections. NASDAQ Composite/S&P 500 Relative Strength Ratio broke out above 7-week highs on 9/21/09,...
Chart Presentation: Consesus Views
The broad consensus, we understand, is that the dollar is going to decline and interest rates are going to rise. Since the markets tend to reflect the views of the many the weak dollar/weak bond market theme has dominated the recent trend. We tend to focus more on trend changes instead of the...
Daily Stock Market Commentary
Stock Market: Technology stocks are underperforming. Technology Stock Sector Relative Strength Ratio (XLK/SPY) broke down below previous 3-month lows on 9/17/09, which may be a warning for the intermediate-term relative performance trend of XLK/SPY. The Japanese Candlestick Chart pattern...
Daily Stock Market Commentary
Stock Market: an extended uptrend. Preexisting trends continued on Wednesday. The trend has been your friend. Up 8 of the past 9 trading days, the major indexes look extended on the charts. Reversion to the mean within the next few days would come as no surprise. Emerging Markets Stocks ETF...
The S&P Also Finds Validation In Our Recent Climate
Greetings again, Everyone! As we recently commented on concerning The Dow Appreciation and Gold/Crude Correlations coming into view... the S&P is also showing us some validation for the Risk Appetite Climate we are currently working in. Here is the Dow View once more... On the S&P...
Daily Stock Market Commentary
Stock Market: new 11-month price highs confirm the 6-month uptrend. Major indexes rose to new 11-month price highs. Short-term momentum oscillators are positive and rising, but some are overbought. NASDAQ Composite/S&P 500 Relative Strength Ratio broke out above 6-week highs on 9/15/09,...
