Unlike the majority of this six year old bull market, European and Asian stocks are outperforming North American stocks in 2015 (yes even measured in USD). Asian stocks are nearly 12% higher, European stocks are nearly 10% higher and North America stocks are just about...
On an equal-weighted, USD basis, Russia is up 46% year-to-date, by far the best performing country in the MSCI All-Country World Index. Coming in second, is China which is up 29%. India is the 14th best performing country (8.2%)....
As baseball season commences we thought it only appropriate to draw an analogy between America’s favorite pass-time and investing. As every good baseball fan knows, batters in baseball acquire a batting average that is aggregation of a players cumulative hits divided by the total at-bats...
MSCI World equities are off to a rough start for the month, with 8 out of 10 sectors in negative territory so far: The percentage of stocks above their respective moving averages has fallen: And the number of stocks making new lows has jumped to...
Earlier this week we touched on the fact that new highs in individual stocks have not expanded much despite the continued new highs all year in the headline indices....
Here is yet another indicator highlighting the absolute lack of volatility in the stock market. The below chart measures the cumulative number of stock price moves of 5% or more over the last 65 days for all stocks in the MSCI World Index....
We’ve been commenting over the last few days here and here about the increasing number of weak stock market closes and how the number of weak closes seems to be closely correlated with Fed tapering of asset purchases. It seems fair enough, then, to comment...
Yesterday we highlighted here that the number of weak stock market closes was on the rise, which usually portends some bumps in the road for stocks going forward. Today we thought we’d have a look at the relationship between weak closes and Fed tapering of...
We’ve taken note of an increasing number of weak-ish stock market closes and decided to build an indicator to measure the number of weak closes and compare it to stock prices....
At the risk of sounding like a broken record, below we provide an update on our count of new 100-day highs....
We’ve been looking a lot recently at all the market divergences that are present today ranging from lack of new highs, to weakness in copper and lumber, to the average stock being more than 10% from it’s recent high....
Today is a day that will test the persistence of this market rally. A few events came together that to us suggest a level of distribution. They are: The 1840 level on the S&P 500 that had provided pretty reliable support failed decisively....
As the the technical divergences continue to pile up according to our work, one of the stats we’ve been keeping an eye on is how far the average stock is from its one year high....
Several prominent commentators have noted the tendency of this market to immediately bounce back from minor losses to achieve new cycle highs in short order. Some have termed this the ”buy the dip” mentality among investors....
Last week we noted here a recent clustering of negative outside reversal days for the S&P500 (days in which both the intraday high is higher than the previous day’s intraday high and the close is lower than the previous day’s intraday low) and explored what...
