Author: Jeff Pietsch

Not too surprising action today, although internals really aren’t all that bad.  In fact, they are suggestive of just a slight down to range bound trade more than anything else.  In higher contrast, see the...

In spite of flat price action, internals are holding up well ahead of earnings and the VWAP remains green even as price is tightly wound around it.  The VIX is nearly at 15, incredible.  On the other hand, I’m...

Last week a dear friend asked me whether a close above the daily pivot, defined here as the prior day’s (High + Low + Close x 2)/4, was bullish or bearish for the next day’s trade.  My off-the-cuff answer was...

(Click Image to Enlarge/ ETF Rewind Glossary)The major indices recorded their sixth consecutive week of gains, leaving the S&P 500 higher by another +1.5%.  While historical analogues suggest continued smooth sailing...

“Short” of an obvious fade attempt at the highs from several days ago, internals continue to look relatively strong. I’ll be working with the new Blogger “pages” feature to clean up the organization...

Building on the recent overnight- versus day-session performance comparison post, this note considers whether the direction of the overnight-session of the SPY can predict that of its daily performance.  In the chart below,...

The market is happy with the retail numbers and has put in an even sloped move higher.  I have R1 for the SPY at...