Technicals Tag

Good For a Bounce in Stocks, But How Much More?

31 Oct, by Bryce Coward, CFA in Markets

The selling over recent weeks has been fast and intense, providing investors almost no relief. This type of short-term selling pressure has reached fever pitch levels that is usually indicative of some sort of relief rally, even if the ultimate lows are still ahead of...

If This Market is Anything, it’s Narrow

31 Jul, by Bryce Coward, CFA in Markets

On a day like yesterday when more than half of the US tech sector was down more than 2%, we are reminded of the benefits of diversification. Yet, diversification would not have helped one participate in the market's rise to the highest level since February....

Sitting Here in Limbo

01 Jun, by Bryce Coward, CFA in Markets

In observing the equity markets over the last several weeks, we cannot help but be reminded of the Jimmy Cliff song, "Sitting Here in Limbo", which was famously covered by Jerry Garcia. The first two lines go like this: "Sitting here in limbo, like a bird...

Corrections Almost Always Test Lows Before They Are Complete

14 Feb, by Bryce Coward, CFA in Markets

As we navigate a period of market turmoil, its important to remember that non-bear corrective phases typically last six weeks to two months and almost always include several substantial large rallies followed by selloffs back to the range of the initial low. Indeed, this classic...

High Level Review of Global Momentum Trends

12 Jun, by Bryce Coward, CFA in Markets

In our view one of the most blunt and useful indicators of momentum is measuring the percent of stocks in an index whose 50-day moving average is higher than the 200-day moving average. It sounds simple and it is, but the movement of indicator does...

Is Energy’s Dead Cat Bounce Over?

12 Feb, by Knowledge Leaders Team in Markets

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%)....

Weak Stock Market Closes Surge to Highest Level Since 2012

15 Jan, by Knowledge Leaders Team in Markets

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...

Yen Devaluation Not Having Desired Effect on Japanese Stocks

24 Nov, by Knowledge Leaders Team in Uncategorized

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...