Index Update
Here’s a quick update on the indexes.
Tag Archives: $IWM
Chasing Continues
The Trade Followers Momentum indicator for the S&P 500 Index (SPX) continues to show chasing by market participants. Traders are jumping quickly from one side of the market to the other as price moves in large daily swings. The chasing increases instability because traders are not committed to positions. This shows up as Twitter and […]
Warnings Cleared
Most of the consolidation warnings issued for market indexes on 12/9/14 were cleared during the rally last week. Here’s a quick update of the two I consider most important (S&P 500 Index – SPX and Small caps – IWM). The general message is that odds favor higher prices into the end of the year. A […]
Consolidation Warnings Amid Hope
On 12/9/14 our Twitter momentum indicators for several of the indexes gave consolidation warnings. Among them was a warning for the S&P 500 Index (SPX). This warning comes as a result of a strong rally in price that had a negative divergence from quantified tweets and a subsequent break of the bullish trend on the […]
Make or Break Time
Here’s an update on the indexes, sectors, and Twitter breadth…with little commentary. The overall picture suggests the market is still holding up, but Twitter and StockTwits sentiment is close to breaking down. It’s make or break time for the end of the year. The sectors are looking healthy and suggests we could see a drift […]
Weekly Chart Pack
Below are some charts I posted to Twitter and StockTwits over the past week. They are in no particular order.
Keep an Eye on Technology and Small Caps
Technology stocks (NDX and QQQ) had a bad day today and it showed up as a big negative divergence in sentiment strength scores on Twitter. Although small caps (IWM) closed positive today they had a rough day on the stream. Meanwhile the S&P 500 index (SPX and SPY) just keep on climbing with strong support […]
Indexes Trying To Clear Warnings
On 9/28 our social media indicators were warning of lower prices for the indexes. Today they are trying to clear those warnings. Here are the updated charts. Small caps (IWM) were the first to warn and the first to break back above the confirming down trend line. Bargain hunting and short covering have helped small […]
Watch Investor Action
I’m seeing the same type of pattern being painted between traders and investors as I did in late August where traders had bought the bounce in small caps (IWM), but investors (RUT) didn’t. You can read that post for details on the pattern. The short story is traders are buying small caps and investors aren’t. […]
Odds Favor Lower Prices
Social media momentum indicators for the S&P 500 Index (SPX) continue to suggest lower prices are ahead. Last week we noted that traders on Twitter were chasing price and that it should cause some instability. That turned out to be the case as market indexes had 1% moves in both directions. This is another indication […]