• 1,115 days Will The ECB Continue To Hike Rates?
  • 1,115 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,117 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,517 days Could Crypto Overtake Traditional Investment?
  • 1,522 days Americans Still Quitting Jobs At Record Pace
  • 1,524 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,527 days Is The Dollar Too Strong?
  • 1,527 days Big Tech Disappoints Investors on Earnings Calls
  • 1,528 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,530 days China Is Quietly Trying To Distance Itself From Russia
  • 1,530 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,534 days Crypto Investors Won Big In 2021
  • 1,534 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,535 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,537 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,538 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,541 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,542 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,542 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,544 days Are NFTs About To Take Over Gaming?
The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

  1. Home
  2. Markets
  3. Other

Market Remains Tentatively Bullish

Today we will let the charts do most of the talking. Below are updated versions of charts we have posted in the last ten days or so with some brief comments.

Market breadth continues to show bullish improvement from an intermediate-term perspective. (See original chart in this post.)

$NYSI (NYSE Summation Index (Ratio Adjusted) EOD)) INDX

The ratio of "greed to fear" closed below two of the blue support lines below, but it still remains in a short-term indecision pattern (see green box). The ROC and Wm%R show the momentum for fear peaked around April 9 and has not shown considerable strength since then (red circle and orange box). (Original chart)

$VIX:SPY (Volatility (NEW)/S&P 500 SPDRs) INDX/NYSE

Tuesday's session ended in a weak manner. The moving averages below should spark some interest from buyers should we revisit the 1,380 to 1,390 range (green arrows). (Original chart)

$SPX (S&P 500 Large Cap Index) INDX

The S&P 500 has moved into the "white space" in the chart below, but Tuesday's bar shows indecision at these levels. (Original chart)

$SPX (S&P 500 Large Cap Index) INDX

Commodities have two decent looking candlesticks above the pink support line, which is encouraging, especially if it can hold into week's end. (Original chart)

$CRB (Reuters/Jeffries CRB Index (EOD)) INDX

The German DAX remains above the intersection of the pink trendlines, which leans bullish longer-term as long as the levels are not breached on the downside. (Original chart)

$DAX (German DAX Composite (EOD)) DEUT

 

Back to homepage

Leave a comment

Leave a comment