Always consider hidden risks
Desloges CFA is a professional investment consultant/ blogger/ trader
with over 25 years of experience working on the buy and sell-side.
have researched and invested in traditional and alternative asset classes and
worked at Pensions Funds, International Banks and Dealers. More...
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November 27SP500 and Emerging Markets ( IVV - EEM ): Emerging Near Breaking Resistance Trendline ?
EEM is quite near of breaking that resistance trendline at 42.54.Canadian and US Energy Sector and Cdn Dollar: Canadian Oil Assets at Discount ?
On a relative basis, the last time it was that cheap for the Canadian Oil Energy Sector was in January 2002.
November 26NYSE New Highs / New Lows and SP500: Divergence ?
But the most interesting fact is that the NYSE Index compare to the Mighty SP500 Index reached a level not seen since January 2002.SP500 Technology Bull% Index: Near Overbought ?That % indicator on Technology Stocks is near again a level of 80% treshold on November 25 Technical Observation of the Day: Above the 20 DMA on Facebook - $FBOn November 25, Facebook Shares broke on the upside the 20 DMA then at $74.63 November 25SP500 and the Yen: Follow the Yen My Dear ?Follow the red support trendline at 117.20 for today.
Technical Observation of the Day: New High on Apple - AAPLOn November 24, a new high was observed on Apple at $118.77 - so a $831.39 pre-split price
Technical Observation of the Day: New High on Nasdaq 100 - QQQOn November 24, a new high on QQQ at $104.73 November 24SP500 Index Bull% Index: Still Bullish ?But getting over the 200 DMA on that Indicator have been in the past a first warning sign of overbought conditions building up.
ETF s Volume Adv/Decl: Near Overbought Zone ?It is now getting near overbought territory...
The Semiconductor Sector (SMH): Near Testing the Resistance Trendline ?The Semiconductor Sector ETF ( SMH ) is currently near testing the Major Resistance Trendline at 54.11Technical Observation of the Day: Broke the 20 DMA on Linkedln - LNKDOn November 21, LNKD closed below the 20 DMA at $221.62November 21
SP500 CBOE SKEW Index: SKEW Spiking ?The option market is telling us to expect the market to an atypical return profile The Energy Sector : Lowest Level Since April 2007 on a Relative Basis ?And on a ratio basis ( Energy Sector ETF ( XLE ) over the Mighty SP500 Index ), the last time it did reach that level was in April 2007.
Technical Observation of the Day: Tested the 20 DMA on Microsoft - MSFTOn November 20, on MSFT, it did test the 20 DMA then at $47.96 and rebounded from that levelNovember 20
SP500 Financials and VIX: A Fear Premium Building Up ?The market is telling us to expect a risk off wave ( Volatility Premium Building Up going Forward )
Internet Stocks (FDN ETF): My Broken Uptrend Channel ?The Internet Index Fund broke the Uptrend Channel that started on October 20 at 61.76Technical Observation of the Day: Broke the 20 DMA on Bank of America - BACOn November 19, Bank of America Shares broke on the downside the 20 DMA then at $17.10 November 19The VIX/ Gold Correlation US Dollar and SP500: Higher Volatility Ahead ?VIX/GOLD correlation getting near 0.75 on November 18 and VIX was under 14, indicating more volatility ahead...The Material Sector (XLB): Outperforming SP500 ?Interesting to note the outperformance began when the ratio hit a bottom level reached in July 2013.
Technical Observation of the Day: New High on Nasdaq 100 - QQQOn November 18, a new high on QQQ at $103.82November 18SP500 : High Beta - Low Beta ETFs: Risk On Behavior ? The level of risk taking according to that ratio is far from the zone reached at previous high at the beginning of July and then in mid-September 2014.
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 July 2005.Technical Observation of the Day: Broke the 20 DMA on Google - GOOGOn November 17, Google Shares broke the 20 DMA then at 545.05.November 17
Russell 2000 and DJ Industrial ratio: Russell at Crossroads ?That ratio ( Russell 2000 over DJ Industrial ) is testing a resistance trendline since October 28.
SP500 Utilities Sector: My Broken 21 DMA on XLU ? Also, on November 14, XLU broke the 21 DMA ( Day Moving Average ) - a technical warning sign indeed.
Technical Observation of the Day: 200 DMA Tested on Amazon - $AMZN On November 14, AMZN tested the 200 DMA then at $ 328.68November 14
Stocks to Bonds Ratio : Still into the Critical Zone ?The only time that this ratio and the 50 DMA was at that level was in December 2007.
SP500 (E-Mini) Volume Last Year and Now: Volume Down 11.5% ?So the volume decreased with the SP500 futures making new highs; not showing a lot of conviction to me...Technical Observation of the Day: Back Above the 50 DMA on Amazon - AMZNOn November 13, AMZN closed above the 50 DMA then at $ 314.99.