Broadening While the Generals Rest The market closed higher on the week, but the battlefield remained largely contained inside last week’s range. Under the continuing shadow of the Iran war, ceasefire discussions, and fragile peace negotiations, investors were left weighing a familiar tension. The fog of peace eased enough to support risk assets, but not […]
Broadening Under Fire The market entered the week with the Iran war still casting a long shadow over the battlefield. Peace discussions, ceasefire headlines, and renewed tension around the Strait of Hormuz continued to shape the cross-asset front. Yet despite the fog of war, the equity campaign delivered an important internal message. The headline battlefield […]
Volume Analysis Flash Update Inflow Barrage, Generals Charge The market entered the week under the lifting shadow of the Iran war, with investors still navigating the dust from geopolitical conflict, volatile oil, and shifting capital commitments. On the surface, the bulls received important reinforcement. The week was bracketed by powerful inflow days, including a 95% […]
Broadening Under Fire The market staged a recovery this week, but the battlefield remains far from settled. Under the ongoing shadow of the Iran war, capital flows stayed defensive even as several formations advanced. In military terms, the troops and broader ranks pressed forward, while the generals ceded some command of the field. The week’s […]
Distribution Under Fire The market entered the week with the bulls still holding elevated ground, but by Friday the field report had changed meaningfully. Under the shadow of the Iran war, distribution intensified, capital outflows surged, and several key formations retreated toward important defensive lines. Weekly Capital Weighted Volume finished above average, with daily volume […]
Ceasefire Rally, Capital Retreat Oil sank and stocks surged as discussions of an extended ceasefire in Iran raised hopes that the fog of war may begin to lift. On the surface, the equity battlefield responded with relief. Most of our units gapped higher on the week and closed at all-time weekly highs. Yet beneath the […]
Sell in May & Go Away? The “put up or shut up” campaign continued this week, and once again the bulls managed to advance the field. Yet the victory was uneven. Price pressed higher, broader units joined the march, and several formations moved into or near all-time high territory. However, volume and breadth still have […]
Sell in May & Go Away? Despite a severe hiccup on Friday, the S&P 500 continued its march higher from the March lows, closing the week up 0.13%. The advance was not overwhelming, yet the bulls managed to hold the field. Capital flows and volume were largely neutral, though leaning modestly bullish. Capital inflows led […]
Sell in May & Go Away? Since the rally off the March bottom, the bulls were challenged to put up or shut up. This week, they put up on price, and for the first time in this advance, capital flows finally reported to the front. The bullish party raged on Wednesday, May 6th, as the […]
Sell in May & Go Away? Last quarter, the bulls were challenged to put up or shut up. This week, they put up on price, but volume left room for doubt. It was a data and earnings-driven week, with the market moving mostly sideways on average volume until midweek. Then on Thursday, the bulls broke […]