Capital flows were light as expected during the short week. However, despite the abbreviated four-day trading period, downside Capital Weighted Dollar Volume (capital outflows) exceeded the average, pointing to significant selling pressure. Although the Volume Momentum Indicator has rebounded off its lows, it still suggests the S&P 500 may reside in overbought territory. Meanwhile, IWM […]
Capital Weighted Volume and Dollar Volume were light on the shortened week. Despite a slight upward movement in the broader markets, both Capital Weighted Volume and Dollar Volume showed declines. The Volume Momentum Indicator (VMI), currently at 29, is approaching levels indicative of a potential washout, suggesting that the market may be overbought. While a […]
Capital-weighted dollar volume flows remained light for the week, with capital inflows totaling an average dollar volume of $40.5 billion, while capital outflows were relatively modest at $36.4 billion. Once again, both Capital Weighted Volume and Dollar Volume closed near all-time highs. The S&P 500 closed the week with a 0.75% gain, outpaced by the […]
The S&P 500 Capital Weighted Volume experienced a significant surge this past week, witnessing over $113 billion in net flows, marking one of the highest readings of the year. Capital inflows surpassed outflows, registering $65 billion compared to $48 billion. Both upside and downside Capital Weighted Dollar Volumes surpassed their average weekly volumes. Furthermore, both […]
Although the S&P 500 concluded the week with a modest 0.14% gain, capital flows exhibited a more significant surge. Capital inflows came in at $48.3 billion compared to only $34.3 billion in outflows. Both Capital Weighted Dollar Volume and Capital Weighted Volume closed the week at new all-time highs. The Nasdaq 100, represented by the […]
S&P 500 capital flows concluded the week on a downward trajectory, notwithstanding the S&P 500 index’s 0.82% uptick. Capital outflows exceeded inflows, with $42.7 billion exiting compared to only $38.1 billion of incoming capital. The generals (NDX 100) took a breather, concluding the week with a 0.20% gain. Conversely, the previously struggling troops (IWM) continued […]
Volume was notably subdued last week, which aligns with expectations of a short trading week. The S&P 500 saw a robust influx of over $34.5 billion, contrasting sharply with just under $22 billion in outflows, culminating in a 1.00% S&P 500 price gain. However, the troops / small-cap stocks (IWM) and the heavy tech sector […]
From our perspective, perhaps the prior week’s most significant development was S&P 500’s Capital Weighted Dollar Volume reaching all-time highs, marked by a notable surge in Capital Flows. Conversely, a potentially concerning development was observed as the Russell 2000 (troops) displayed weakness, diverging from the sustained strength observed in the NDX 100 (generals). However, in […]
The Generals (NDX 100) once again led the markets, surging 2.85% higher for the week. Unfortunately, the troops (IWM Russell 2000 ETF) retreated by -3.08%, closing near the minor support level of 168. In terms of capital flow, inflows exceeded outflows with $55.6 billion coming in compared to just under $27 billion going out. Consequently, […]
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 […]