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Chart In Focus

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July 10, 2020

Traders Chase QQQ, “The Only Thing Working”

The stock market rally went into pause mode in June, or at least that is the case as measured by the SP500’s behavior.  But traders are still piling into the tech stocks which dominate the Nasdaq 100 Index.  The operative logic is to chase what is working, for as long as it is working.  And that logic is working at the moment. The chase into the big tech stocks has pulled investors into QQQ, the big Nasdaq 100 ETF.  That has pushed up the number of shares outstanding in QQQ to a multiyear high, and well above the upper 50-1 Bollinger… more

 

Past Charts in Focus

Jun 30, 2020

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Jun 17, 2020

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Jun 11, 2020

small chart Rogue Wave Follow Up

Jun 04, 2020

small chart Non-Divergences Are Better Than Divergences
 

May 28, 2020

small chart Unemployment Is Not “Good”, But It Is Bullish

May 20, 2020

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May 14, 2020

small chart Gold’s Choppiness Index

May 07, 2020

small chart Investors Fleeing Out of SPY
 

May 01, 2020

small chart Dow Stocks’ Behavior Says More Uptrend Ahead

Apr 23, 2020

small chart VIX Open Interest Still Lagging Price Rebound

Apr 14, 2020

small chart Covid-19’s Effect on CO2 Levels

Apr 09, 2020

small chart Don’t Tug On Superman’s Cape
 

Apr 02, 2020

small chart Sudden Surge in Bearishness

Mar 26, 2020

small chart QE is Bullish for Stocks, Bearish for Bonds

Mar 19, 2020

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Mar 12, 2020

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Mar 05, 2020

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Feb 28, 2020

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Feb 20, 2020

small chart It Takes 15 Months for Yield Curve Inversion To Be Felt

Feb 13, 2020

small chart Crude Oil’s Drop Was Foretold by Gold
 

Feb 06, 2020

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Jan 31, 2020

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Jan 23, 2020

small chart Small Cap Underperformance Is Not Over

Jan 16, 2020

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Jan 09, 2020

small chart VIX Is Not Confirming Higher Prices

Jan 03, 2020

small chart Fed Funds COT Leading Indication

Dec 27, 2019

small chart Gold COT Data Call for More of a Drop

Dec 13, 2019

small chart Big Rise Coming in Food Prices
 

Dec 06, 2019

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Nov 27, 2019

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Nov 22, 2019

small chart Squeeze Is Building in Industrial Metals

Nov 15, 2019

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Nov 08, 2019

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Oct 31, 2019

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Oct 24, 2019

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Oct 17, 2019

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Oct 10, 2019

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Oct 03, 2019

small chart AAII Survey Shows Sentiment Washout

Sep 19, 2019

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Sep 12, 2019

small chart Trump Thinks He Wants Low Rates Like Europe, But Be Careful What You Ask For
 

Sep 05, 2019

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Aug 30, 2019

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Aug 15, 2019

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Aug 07, 2019

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Aug 01, 2019

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Jul 25, 2019

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Jul 18, 2019

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Jul 10, 2019

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Jun 27, 2019

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Jun 13, 2019

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