FINANCIAL ICEBERG
Always consider hidden risks



Jean-Pierre Desloges CFA  is a professional  investment consultant/ blogger/ trader with over 25 years of experience working on the buy and sell-side.

​​I have researched and invested in traditional and alternative asset classes and worked at Pensions Funds, International Banks and Dealers.   
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Market Insight

October 31

SP500 : High Beta - Low Beta ETFs: Risk On Behavior ?
The level of risk taking according to that ratio is far from the zone reached at the end of August to mid-September.

SP500 Consumer Discretionary: Still Oversold ?

The 7 DMA on that ratio is at level of previous bottoms observed in February and April 2014.

Technical Observation of the Day: Back above the 20 DMA on Linkedln LNKD On October 30, LNKD closed above the 20 DMA at $201.24.


October 30

Stocks to Bonds Ratio : Back Into the Critical Zone ?
The only time that this ratio and the 50 DMA was at that level was in December 2007.

Russell 2000 and DJ Industrial ratio: Break Out ?
That ratio​​ ( Russell 2000 over DJ Industrial ) broke a resistance trendline on October 28.

The Semiconductor Sector ( SMH ) : Testing the 50 DMA ?
The Semiconductor Sector ETF ( SMH ) is currently testing the 50 DMA at 50.19.

Technical Observation of the Day: Closed below the 20 and 50 DMA on Facebook - FBOn Oc 29, Facebook Shares broke on the downside the 20 and the 50 DMA then at 76.65.

October 29

DJ Transport and Industrials Ratio: Highest Ever ?

Observe that we reached on October 28 2014 on a ​ratio basis, the highest level made ever​​!

The VIX/ Gold Correlation US Dollar and SP500: Higher Volatility Ahead ?
VIX/GOLD correlation getting near 0.75 on October 28 and VIX was under 15, indicating more volatility ahead...

ETF s Volume Adv/Decl: Near Overbought Zone ​?

It is now getting near overbought territory and as history suggest, when reached, we can expect a tiny correction within the next few trading sessions...​​

Technical Observation of the Day: 20 DMA above 50 DMA on Apple - AAPL
On October 28, the 20 DMA on Apple at $100.84 rose above the 50 DMA at $100.81

Technical Observation of the Day: Back Above the 20 DMA on Google-GOOG
On October 28, Google Shares are back above the 20 DMA at 546.15

October 28

SP500 Financials and VIX: Market Not Fearless ?
The market continue to price more and more risks on each correction as level of the ratio continue to make lower highs and lower lows...

SP500 (E-Mini) Volume Last Year and Now: Volume Up 50.7% ?
So the volume increased with the first real correction in SP500 futuresin 2014.

Technical Observation of the Day: Closed Below the 200 DMA on Tesla Motors - $TSLAOn October 27, Tesla Shares closed below the 200 DMA

October 27

NYSE Summation Index: A Macro Signal : Bullish Mode ?

We reached level not seen on the Summation Index since June 2012 when we had a reversal in the SP500.

SP500 Utilities Sector: Tested the High Ever of December 2007 ?
The XLU tested on October 24 the highest level at 44.66 reached on the week of December 3rd 2007...

Russell 2000 vs SP500: Ratio Near Resistance Trendline ?

But to have a real bullish impulse, we need to break that resistance trendline that started July 1st.

Technical Observation of the Day: New High on Facebook - FB

On October 24, Facebook Shares made a new high at $80.82.

Technical Observation of the Day: Close Above the 50 DMA on Microsoft - MSFT  On October 24, we broke on the upside the 50 DMA on MSFT ​then at $45.56 and closed above

October 24

SP600 : Volume A/D: Overbought Zone ?
This ratio is now into an overbought zone.

TSX60, Cdn Dollar and SP100: Canadian Assets at Discount ?
On a relative basis, the last time it was that cheap for the Canadian Stocks was in August 2005.​​

The Material Sector (XLB): Tested the 200 DMA and Failed ?
The Material Sector ETF ( XLB ) tested the 200 DMA ​at 48.07 on October 23, ​but failed to close above.

Technical Observation of the Day: Tested and Failed the 50 DMA on Nasdaq 100 - QQQOn October 23, we tested the 50 DMA on QQQ at ​$97.96 and failed to close above.

October 23

SP500 Financials Bull% Index: Level not seen since December 2011 ?
...with financials into a ​bearish mode as sentiment get weaker and are into ​oversold conditions.

The Energy Sector : XLE Death Cross ?
On October 22, a Death Cross happened on ​The Energy Sector ETF ( XLE ).

Technical Observation of the Day: Shooting Star on Apple - AAPL
On October 22, a Shooting Star was observed on Apple.

Technical Observation of the Day: Back below the 20 DMA on Linkedln - LNKD  On October 22, LNKD closed below the 20 DMA at $202.96.

October 22

SP500: Ratio % Stocks Above50/200 DMA: Technical Rebound Only ?
The strong rise in this ratio since October 16 is just a technical rebound from Oversold Conditions.

The Industrial Sector : Testing the 200 DMA ?

The XLI ETF did test the 200 DMA level on October 21 at 52.76.

Technical Observation of the Day: Back Above the 20 DMA on SPDR SP500 ETF - SPY On October 21, we came back above the 20 DMA on SPY at ​$193.19.

Technical Observation of the Day: Back Above the 50 DMA on Bank of America - BACOn October 21, Bank of America Shares broke on the upside the 50 DMA ​at $16.40






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