Friday, October 31, 2008

Late-Day Market Surges

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For the 2nd day in a row the S&P 500 saw a sizable move in the last 10 minutes of the day. This time, though it was to the upside as the...
Thursday, October 30, 2008

Overly Strong Reactions Are Often Overreactions

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If you left 10 minutes early on Wednesday you missed a lot. The S&P lost over 3% from 3:50 to 4pm and was down over 4% before bouncing ...
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Tuesday, October 28, 2008

CBI Moves Back Up To 13

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The CBI spiked back up on Monday. After hitting 48 earlier this month it quickly dropped down to 7. It never made it back to the neutral “3”...
Monday, October 27, 2008

Back To The Extreme

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A couple of weeks ago I showed a table detailing a number of extremes the market had reached. The sharp bounce on 10/13 relieved many of the...
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Friday, October 24, 2008

Rally Lacks Breadth - A Bad Sign In Recent Years

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On the NYSE up issues accounted for less than 40% of the total issues traded. This only the 3rd time since 1970 that the up issues % was bel...
5 comments:
Thursday, October 23, 2008

Reversal Tendencies For 2% Gaps Lower

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Last week I showed how gaps up of 2% or more tend to reverse over the next few days. Today I’ll show gaps down of 2% or more. In the table ...
5 comments:
Wednesday, October 22, 2008

Stretched VXO Not Bearish

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A common misconception among traders is that an extremely low VIX or VXO compared to its short-term moving average has bearish consequences....