With John Hampson

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 · 13 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

Charts Update

The exhaustion gap (from Friday) is still in play, and I’m now looking for a gap down day. The current Nasdaq is shown below followed by a typical exhaustion gap pattern: … Continue reading

November 6, 2014 · 276 Comments

Game Over Start Of July

Many charts and indicators say equities finally topped out at the start of July. 1. European stock indices peaked out at that time and have since made a lower high and lower low. … Continue reading

November 4, 2014 · 146 Comments

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