On an equal-weighted basis, the energy sector has still been the best performing sector in February. It is nearly 7% higher this month, however, it has been the worst performing sector so far this week (-1.5%)....
While the intraday performance trend of the stock market isn’t everything, it often gives clues to possible directional changes in the overall trend of the market. One of the ways we measure the intraday trend of the market is to count the number of weak...
While we are well aware of the relationship between the level of the JPY/USD and the Nikkei in yen terms (1st chart below), there is another less publicized relationship between Japanese stocks and the yen that suggests yen weakness isn’t all it’s cut out to...
While (some) equity markets have gone a long way to erase the October decline or even eclipse the old highs, the number of stocks that are gapping lower on the open of trading is increasing. Why is measuring the number of gapping stocks important? It...
Despite the rally we’ve seen over the past few weeks there are still a significant number of stocks in bear market territory, defined as down more than 20% off of their 200-day high....
Somewhat surprisingly, the percentage of stocks that outperform the MSCI World Index over a short-term horizon, say 200 days, stays in a fairly tight range of approximately 40-60% in general. Currently, only 45% of stocks in the MSCI World Index have managed to outperformed the...
As we have mentioned before, each month we score companies’ technical strength relative to the benchmark. Since a year ago, the average score for European and, to a lesser extent, North American companies has declined....
It’s been three years since the global developed stock market has had a meaningful correction (down at least 10%). With the recent pickup in volatility, many of our market internal charts are beginning to look like they did in 2011....
While many of the headline indices, such as the S&P 500, are still within sniffing distance of all-time highs, there is turmoil underneath the surface of the world equity markets. The MSCI World Index is higher by about 9% year-over-year....
The health care sector has undeniably been the stock market leader over the past four years. Looking at the Developed Markets (DM) and Emerging Markets (EM) together, the health care sector has returned 122.4% over the past four years. Besting, the second place consumer discretionary...
As we are approaching the closing bell today and looking at the worst day for the S&P 500 since April 10th, and possibly only the 4th roughly 2% down day of the year, we thought it would be a good time to highlight the deteriorating...
The Advance/Decline Ratio is a stock market breadth indicator that measures the number of stocks that end the day at a higher price versus the number of stocks that end the day at a lower price....
After a modest surge in June in which the percent of stocks in the MSCI World Index making new 52-week highs rose to 23%, new highs have languished....
The Fed is set to conclude its nearly six-year-old experiment with quantitative easing (QE) and the Federal Reserve Board has clearly laid out the most likely course for termination of the program....
In our daily work we monitor the intraday price action of the major stock indexes in an effort to gauge investor conviction. A string of strong stock market closes is one indication of strong investor conviction, and vice versa....
