For the first full weekly session after a two-week hiatus, capital flows remained subdued despite the S&P 500 reaching new 52-week highs. Upside capital flows maintained an average pace, while downside capital flows were below average. From a pricing perspective, the S&P 500 closed the week near its 52-week high, marking a 1.84% increase. The […]
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 […]
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 […]
While it may not feel like it, investors truly do have much to be thankful for this holiday season. Over the past year, investors have navigated both short-term challenges due to interest rate swings, the banking crisis, and political battles in Washington, as well as long-term uncertainty resulting from inflation, the Fed, geopolitical conflicts, and more. And […]
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 […]
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, […]
At its September meeting, the Federal Open Markets Committee kept rates unchanged with a target range of 5.25% to 5.50%, in a decision that was widely anticipated by investors. Still, markets responded negatively with bond yields jumping to levels not seen since 2007, the S&P 500 falling a couple percentage points, and tech stocks retreating further […]
Click here to download this commentary in PDF format. For long-term investors, knowing the difference between what can and cannot be controlled is the key to both financial success and peace of mind. While all investors would like to believe they can predict or even control the direction of the market, experience teaches us that […]