With John Hampson

Perspective Again

Take a step back and the topping process since the start of July can be seen in RSI, money flow and MACD divergences: Source: Stockcharts The same divergence processes in … Continue reading

November 25, 2014 · 95 Comments

Friday Blow-Off Top?

Was Friday a blow-off top? It was a higher volume reversal/exhaustion/black-bar candle with similarities to previous peaks. Source: Stockcharts It occurred with a super-spike in allocations. And it occurred at … Continue reading

November 23, 2014 · 178 Comments

Bear Market Bottom

Are we at a bear market bottom in equities? Take a look: 1. Cash holdings of fund managers like the major stocks lows. Source: U Karlewitz 2. Short Interest like the major … Continue reading

November 19, 2014 · 427 Comments

Weekend Update

A doji on the SP500 on Friday, making for a week of sideways range. But there is one index still not slowing down, the Nasdaq 100. Apple and Microsoft are … Continue reading

November 15, 2014 · 370 Comments

A Topping Candle

Yesterday produced a topping candle in US stock indices, but was it the topping candle? The SP500 closed with a marginal 0.04% gain but advance-decline volume was 1:2 (Urban Camel). … Continue reading

November 14, 2014 · 115 Comments

Cyclical / Secular

The short term first. The Dow Jones World stock index looks like this: Source: Stockcharts The current high is someway beneath the July/Sept highs and the lower high lower low trend … Continue reading

November 12, 2014 · 271 Comments

Cross Asset Position

No reversal yesterday in equities but I maintain it has to be close at hand. The Nasdaq added another day to its small sideways range. RSI divergence argues the next move … Continue reading

November 11, 2014 · 113 Comments

In Perspective

1. The start of January brought the shift to defensives, measured here in 4 ways: stocks to bonds ratio, cyclical to defensive sector ratio, small caps to all caps ratio and high … Continue reading

November 9, 2014 · 101 Comments

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