NVDA Earnings Through Newton’s Lens: Action, Reaction, and Market Motion As detailed in my Volume Analysis Flash Update: “A New Hope or Gathering Storm?”, market breadth has become the critical battleground. While smaller-cap ETFs our “troops” charged ahead with renewed vigor, the elite “generals” faltered, and capital-weighted volume began to stall, hinting at internal tensions […]
A New Hope or Gathering Storm? August awakened the troops (iShares Russell 2000 ETF), with the market closing on another bullish note as the broader forces once again led the charge. Their advance rekindled a sense of new hope, as long-neglected ranks stepped forward to breathe life into what has been a highly concentrated, capital-weighted […]
Troops Bolster Momentum but Stall at Resistance For the second consecutive week, the troops (IWM – iShares Russell 2000 ETF) strengthened its advance, gaining 3.08% and charging forward from their 210 support line. Their momentum, however, was checked at the 232 resistance post, where the rally faltered. A decisive break above this level would be […]
Generals Breach the Heights The generals (Invesco QQQ Trust) led from the front this past week, charging ahead with a 3.97% gain and breaking through to close at new all-time highs. While Capital Weighted Volume came in slightly below its weekly average, Capital Flows registered slightly above average, confirming that the advance was backed by […]
Landslide The market’s bullish charge faltered as August opened with a sharp reversal, catching the ranks off guard and shifting the tide of sentiment. What had been an orderly advance quickly devolved into a disjointed retreat. This past week, volume surged above average, but it was not the sound of reinforcements. It was the roar […]
Closing Ranks Last week we noted that although the generals (Invesco QQQ Trust) were pressing ahead with a valiant bullish charge, the supporting ranks were trailing behind. This past week, the formation tightened. The ranks narrowed the gap, signaling a more unified advance. The equal-weighted battalions took the lead, with RSP (Invesco S&P 500 Equal […]
A Narrow Advance The market continued its upward ascent this past week, with the generals once again leading the charge. Yet the broader campaign showed signs of waning fatigue. Volume was light, and participation thinned, suggesting that while leadership remained intact, the ranks behind it were less committed to the current advance. The generals (Invesco […]
Rubber and Fuel After a strong surge off the bottom and a breakout into uncharted territory, the market’s major units took a slight tactical pause this past week to refresh. The stock market box, box, boxed, pulling into the pits for rubber and fuel, essentially taking a breather from its rally without coming to a […]
The Advance Broadens In a shortened holiday week, the S&P 500 once again closed at all-time weekly highs, continuing its campaign with minimal resistance. Volume remained in command, with 67 percent of activity advancing and capital flows confirming the push as five out of every eight dollars moved into equities. Reinforcements arrived from the broader […]
Volume Leads, Price Follows In our May 5th dispatch, we reported a strategic shift on the battlefield. Volume trends were breaching resistance well ahead of price. At the time, we noted, “The strategic stronghold at SPX 4800 was defended effectively—likely by the market’s strong hands, buying or covering near the April 9th lows. Yet these […]