Although the markets experienced a volatile Independence Day downside week, the technical damage appeared to be only modest at worst. The S&P 500 is still trading inside its previous week’s range of 4458 and 4328. The week was shortened by a light half session Monday and closed on Tuesday. The action was violent on the […]
This past week the S&P 500 broke above our upward trading range of 4448 to close at 4456. Upside capital inflows were above average with 56 Billion dollars flowing into S&P 500 components last week. Capital outflows were light with less than $32 Billion flowing out of the S&P 500. Overall, the trend of capital […]
The markets were down last week on light volume and capital flows. Our leading indicators, Capital Weighted Volume and Capital Weighted Dollar Volume, were also down, but only slightly. Weekly Capital Weighted Dollar Volume was below average in total and upside volume. Meanwhile, despite the drop in prices, Downside Capital Weighted Volume was only slightly […]
This past week the S&P 500 drove past our targeted resistance point of 4400 on very strong Capital-Weighted Volume and capital flows. The internals followed suit with an advancing Advance-Decline Line and stocks nearing 2023 yearly highs. Both Capital Weighted Volume and Capital-Weighted Dollar volume are closing in on all-time highs. Last week witnessed very […]
Last week’s Volume Analysis Flash Update concluded, “capital continues to flow positively into stocks. Perhaps the concentration of capital into the big names has become overly ripe, and it may be time for a more inclusive market to take hold.” This past week that theme played out with the generals taking a bit of a breather […]
In last week’s edition of Volume Analysis, we concluded, “The resolution in a bifurcated market with the generals (NDX 100) advancing higher on positive capital flows with the troops (Russell 2000) declining lower has typically been for the generals to ‘rally up’ or pull up the rest of the broad market not receiving capital flows.” […]
The Generals (Nasdaq 100) continue to charge higher, advancing through formerly bearish territory. However, the troops (Russell 2000) are still in retreat. With the NDX 100 making up a preponderance of the equity weighting within the S&P 500, it is not surprising to see both Capital Weighted Volume and Capital Weighted Dollar Volume surging higher. […]
Capital Flows continued their positive trend last week as capital continued to pour into the S&P 500. The generals (NASDAQ 100) again led the charge. But this week, they were able to pull up some of their troops (Russell 2000) with them, as evidenced by a 1.89% weekly gain in the Russell 2000. The Advance-Decline […]
Closing in on 4200, this past week the S&P 500 continued its pause. Although the S&P 500 was down slightly (-0.29%), capital inflows outpaced outflows $41.25 Billion to $37 Billion. However, Capital Weighted Volume was down slightly for the week but still holding above trend. The same cannot be said about the Advance-Decline Line. The […]
This past week the generals (NDX 100) continued to advance (up 0.1%), whereas the troops (Russell 2000) continued their retreat (down -0.43%). Overall, capital outflows outpaced inflows $47.2 to $36.4 billion. Likewise, the Advance-Decline Line gave up ground this past week but continues to rest above its trend. On a positive note, Capital-Weighted Volume closed […]