Trend Analyzer – 2/15/19 – Overbought to End the Week

Despite stocks finishing lower yesterday, all of the major US index ETFs have held onto their overbought levels and are looking to finish the week there.  The greatest strength continues to come from small to mid-caps.  Whereas recently mid-caps have done slightly better, this week’s price action … [Read More...]

The Closer: End of Week Charts — 2/15/19

Looking for deeper insight on global markets and economics?  In tonight’s Closer sent to Bespoke clients, we recap weekly price action in major asset classes, update economic surprise index data for major economies, chart the weekly Commitment of Traders report from the CFTC, and provide our normal nightly update … [Read More...]

Individual Investors Bullish Again

Bullish sentiment ticked back up this week to 37.7% after falling to 33.5% last week.  This comes as the S&P 500 has traded above its 50-DMA for a week now. The weekly investor sentiment survey conducted by AAII has come off of extremely low levels from the late 2018 sell-off … [Read More...]

Claims Continue to Decline

The labor market keeps humming along just fine as seen through this week’s Initial Jobless Claims report. Claims printed below expectations of 220K and lower than last week’s 216K.  At 213K on a seasonally adjusted basis, claims are at their lowest since the beginning of December and back … [Read More...]

Resistance Causes Hesitation in Sentiment

Since its recent low on December 24th, the S&P 500 has seen a significant rally that, while slowing in its momentum as it closes in on resistance, has held up in the past week.  But optimism, as seen through the AAII individual investor survey, has cooled as these resistance levels … [Read More...]

The Few, The Proud, The Outperformers

As risks of a global slowdown have broadly mounted, we have highlighted the standout performance of the US relative to the rest of the world. As we show in our Global Macro Dashboard published this morning, including the United States, there are only five nations with positive relative strength versus … [Read More...]

Trend Analyzer – 1/11/19 – So Close

The major index ETFs have now spent a full week in a neutral range; a welcome change from the extremely oversold levels we saw to finish 2018.  That is a major change from where they were at the end of last week when they all still sat firmly in oversold territory.  … [Read More...]

The Closer: End of Week Charts — 1/11/19

Looking for deeper insight on global markets and economics?  In tonight’s Closer sent to Bespoke clients, we recap weekly price action in major asset classes, update economic surprise index data for major economies, chart the weekly Commitment of Traders report from the CFTC, and provide our normal nightly update … [Read More...]