After breaching significant support levels to conclude October, the markets mounted a robust rally, potentially kickstarting the traditionally favorable month of November. The troops (IWM) recorded a weekly gain of 7.57%, surging well beyond the 163 resistance level, which had recently served as the major support just recently breached the prior week. Meanwhile, the Nasdaq […]
The S&P 500 broke underlying support @ 4200 and the troops (IWM) also broke critical support @ 163. The break of S&P 500 below 4200 knocks the S&P 500 from a bull market to neutral. IWM breaking through 163 throws the troops squarely back into bear market territory. Further market damage may have occurred in […]
This past week, the generals (NDX) made a modest advance of 0.17%, while the troops (IWM) retreated by -1.58%. The S&P 500, on the other hand, saw a 0.46% increase for the week. Despite the price advance, capital inflows and outflows remained balanced, with both totaling approximately $38 billion for the week. Year-to-date, the generals […]
While the S&P 500 saw a weekly decline of -0.74%, the Russell 2000 ETF IWM, representing the troops, remained relatively unchanged at +0.04%, while the generals (NDX) managed a slight increase of 0.10%. In contrast to the S&P 500’s downward trajectory for the week, Capital-Weighted Dollar Volume showed a different story. Capital inflows surpassed outflows, […]
Last week, the S&P 500 breached the lower threshold of its inside bar support, falling to 4320, just slightly below the intermediate support level at 4325. Moreover, the NYSE Advance-Decline Line also dipped below its uptrend line. The iShares Russell 2000 ETF, representing the troops, led the retreat with a -3.78% drop. The NDX 100, […]
During the late stages of July and early August, as the markets showed an upward trend, our 7/31 Volume Analysis Flash update conveyed the following message: “While we remain optimistic, it’s essential to exercise caution during this unique time of seasonal trends. Historically, August is known for reversals, and September tends to be the worst […]
After a period of anticipated seasonal decline, both the generals, represented by the NDX 100, and the broader market’s troops, symbolized by the Russell 2000, regained their former momentum this past week. The Nasdaq 100’s generals demonstrated robust performance, concluding the week with a 3.67% gain, while the Russell 2000 troops also posted a significant […]
Despite ultimately closing below its mid-week peak, the S&P 500 experienced a modest uptick during the week, guided by the troops (NDX 100 index). The NDX 100 exhibited strength, concluding the week with a gain of 1.68%. In contrast, the Dow Jones Industrials saw a decrease of 0.45% while the iShares Russell 2000 ETF (the […]
The market’s seasonal decline picked up its pace this past week. Both Capital-Weighted Volume and Capital-Weighted Dollar Volume experienced significant weekly declines but remain in intermediate uptrends above their major support levels. Over $55 Billion flowed out of the S&P 500 on the week while approximately $25 Billion flowed in. The Russell 3000 Advance-Decline Line […]
Both the generals represented by the NDX (Nasdaq 100) and the troops symbolized by the Russell 2000 maintained their seasonal descents this past week. The Nasdaq 100 experienced a decline of 1.62%, mirrored by a corresponding 1.64% slide in the troops as indicated by the iShares Russell 2000 ETF (IWM). The S&P 500 saw above […]