Author: Jeff Pietsch

Overbought conditions seem to be weighing the S&P 500 down a bit considering it’s “Magic Monday”; although you wouldn’t notice that looking at the Quad-Qs.  Internals meanwhile are running in...

(Click Image to Enlarge/ ETF Rewind Glossary)A better than expected jobs report pushed overbought conditions to extremes, leaving the Weekly ETF Rewind looking as extended as I have ever seen it.  While this may be...

… and indeed the Small-Caps (IWM) are well above.  How glad am I to have hedged into today’s numbers?  All trend-day indications remain in place even though we are flat lined at the mid-day. ...

For the second day in a row we are seeing a combination of higher S&P prices and higher VIX readings.  My prior studies have suggested this to be bearish.  Although price is recording an inside day so far...

Quite a power move.  Did I mention we are short-term overbought?  Color me net short.  Well, in spite of the mid-day pause, internals are still very strong.  Watch that multi-day trend-line support carefully...

But note that this puts us firmly in overbought territory and certain “leading” sectors are actually lagging badly, including the Semi’s (SMH), Transports (IYT) and Discretionaries (XLY).  It would appear...

Although the SPY has found some intermediate resistance at R2 ($111.90), internals are otherwise looking very healthy and the VIX now lies in the low 19s.  Short-term daily oscillators are looking a little overbought, so...

(Click Image to Enlarge/ ETF Rewind Glossary)Choppy sideways trade left markets down just slightly, with the S&P 500 (SPY) finishing the week lower by -0.4%.  While all of the tracked equity indices are once again above...

Pretty boring end-of-month, huh?  Well, there is always miracle Monday and a new month for the bullishly inclined.  All in all, internals aren’t too bad, but mostly sideways trade indicated.  What’s...

Most of today’s action happened in the premarket session.  Since then it has been slow waves around the VWAP.  Internals are a bit nasty, but not really trending per se.  I’ll grant that it...