• 804 days Will The ECB Continue To Hike Rates?
  • 804 days Forbes: Aramco Remains Largest Company In The Middle East
  • 806 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,206 days Could Crypto Overtake Traditional Investment?
  • 1,210 days Americans Still Quitting Jobs At Record Pace
  • 1,212 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,215 days Is The Dollar Too Strong?
  • 1,216 days Big Tech Disappoints Investors on Earnings Calls
  • 1,217 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,218 days China Is Quietly Trying To Distance Itself From Russia
  • 1,219 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,222 days Crypto Investors Won Big In 2021
  • 1,223 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,224 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,226 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,226 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,229 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,230 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,230 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,232 days Are NFTs About To Take Over Gaming?
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

  1. Home
  2. Markets
  3. Other

Top of the Uptrend, Euphoria at 41pct

The Sigma Whole Market Index (aggregate of 16 US indexes) closed Friday near the top of its uptrend.

Sigma Whole Market Index

The Sigma Trend Index is at '98'.

The Trend Level (TL) is at '5' for the sixth consecutive day. This is the highest level of overheating I've seen for a long time.

Sigma Table

Looking at our Euphoria Index, we are now at 41%. This level is just unsustainable:

Euphoria versus Panic Level


Conclusion:

If we combine the fact that the market is at the top of its uptrend, and the current level of euphoria, we are probably very close to a pullback/correction in the market.

For those of you interested in our intraday move, you can visit our site during the day: we post all our trades in real time. You can also subscribe to our twitter account (@SigmaTradingOsc), it is free and you are updated on our latest view/trades.

Short term positions:

  • short 1 SPX at 1458.12
  • short 1 NDX at 2849.22

Medium term positions:

  • short 2 SPX at 1336.99
  • short 1 NDX at 2578.46
  • short 1.5 CAC at 3103.87

 

Back to homepage

Leave a comment

Leave a comment