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

…3 negative weeks in a row is a rare event. My main model closed significant market exposure today. A Weak USD, and Asian and European Equity markets help S&P 500 this week. The SPX charts shows that we had the third negative week in a row. Since 2016, I can only see two more times

The last 7 trading days...

I have added this chart to the sticky post of the blog, right under the SP500. This will update automatically each day after the close. INTRADAY AND DAILY PRICE ACTION HAVE AUTO-CORRELATION: The VIX and daily returns on Indexes experience clatters of volatility, thus when we have a large block of outliers in any direction

Data from Refinitiv: Futures for the Nasdaq bounced following a brutal sell-off in heavyweight technology stocks, while Asians shares lost gains. European shares were higher, although sentiment remained fragile after AstraZeneca suspended global trials of its COVID-19 vaccine. Oil futures clawed back some of the losses they sustained in the previous session. Gold prices slipped