TODAY: BULLS were aggressive today, maybe too aggressive. SPX is near ALL TIME HIGH. Last week confirmed that bears wanted higher prices to initiate selling and today got me thinking that maybe and why AMZN and AAPL can dominate an entire index. The banking sector is less relevant today than in 2010 and its “profits”
Wall Street futures were in the green as hopes for more fiscal aid boosted optimism. European stock markets gained on rosy earnings forecasts. Japan’s Nikkei posted its biggest weekly gain in two months. Gold jumped, as the dollar weakened and renewed negotiations for U.S. stimulus prompted investors to buy bullion as a hedge against inflation.
VIX Futures:My thinking here, with the current drop (last 24 hours), Equity puts are cheap enough to protect the down side. Market Internals:Strong the entire day CONCLUSIONSellers not interested at current prices, thus price will start a new discovery phase, of course I can not know how long it can last. Most likely NEWS will
Is this a Seller Market? Last night, I shared on twitter the ASIAN Stock Indexes performance for the Month and YTD. Now, I want you to recall the NYTimes article from 2018 where it described the overnight SP500 performance since 1993 If we connect those two together, it is important to note that there is
