Trend Analyzer – 4/8/19 – Hello Uptrends

Friday’s gains seemed to have been a tipping point for major US indices as almost half (six) are now in uptrends. At the same time, conditions have become pretty overbought as only two are trading in neutral territory. Not only are twelve of the ETFs overbought, but they are … [Read More...]

The Closer: End of Week Charts — 4/5/19

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...]

Trend Analyzer – 4/2/19 – Financials Back In

April got off to a strong start yesterday, moving the majority of major index ETFs out of neutral territory and into overbought levels.  Currently, there are only three ETFs that are still neutral while the remaining eleven are overbought.  These ETFs have made a fairly large push towards or deeper … [Read More...]

Trend Analyzer – 4/1/19 – First Uptrend

It’s no April Fools joke.  Finally, one of the major US index ETFs has re-entered a long-term uptrend according to our Trend Analyzer tool.  That index ETF is the Russell Mid Cap (IWR).  It is currently the second-best performer of the major index ETFs on a … [Read More...]

Bespoke Market Calendar — April 2019

Please click the image below to view our April 2019 market calendar.  This calendar includes the S&P 500’s average percentage change and average intraday chart pattern for each trading day during the upcoming month.  It also includes market holidays and options expiration dates plus the dates of key economic … [Read More...]

Individual Investors Still Neutral

Bullish sentiment is back down this week to 33.2% as the percentage of individual investors reporting as bulls fell just over 4% from last week’s 37.3%.  Optimism has now declined 8.4 percentage points from the recent high in late February.  While still not at any sort of extreme levels, this … [Read More...]

Trend Analyzer – 3/29/19 – Mixed End

We are capping off the quarter with a somewhat mixed picture as seen through our Trend Analyzer tool.  There are currently five overbought ETFs while the remaining nine are neutral.  Every ETF has seen a bit of mean reversion in the past week as seen through the long tails in … [Read More...]

The Closer: End of Week Charts — 3/29/19

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...]

Eyes on Jobless Claims Indices

As we discussed in last night’s Closer and a blog post yesterday, weekly initial jobless claims moved back to 211K, the lowest in over two months and a pretty healthy print.  While initial claims have been fairly volatile and more recent prints have been reassuring that recent highs are … [Read More...]