Category Archives: Stock Indices

Hidden Collective Wisdom

On Friday April 06, the current administration  talked harshly against China about the trade imbalance.  They even showed openly that they didn’t care about the market selloff.  It really makes you wonder if the white house wanted the market to go down for the first half of 2018, so

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Seasonal Low in Place?

It’s been volatile 9 weeks since the 01/26/2018 high was made.  The market closed the month of March and first quarter both on the weak side.  It is stuck in a neutral position.  The 200 day moving average supported the selloff twice.  Is it over?

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Monster Buy Signal Is Not Far Away

The tech sector leadership has been destroyed today.  The FANG stocks have suffered reputational damage from the Facebook data scandal.  On top of the bad news, the beloved Nvidia also tanked due to the fatal accident involving a self-driving car.

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DOW the Laggard

While NASDAQ has taken out the Jan 2018 high two weeks ago, S&P 500 cash index just registered a weekly buy signal, the DOW is lagging behind.  The daily DOW index is tightly contained in a triangle.  The divergence between DOW,  NASDAQ and S&P 500 is reflecting the deep concern of the trade war.

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S&P 500 Cash Index Cycle Location

The NASDAQ has taken out the Jan 2018 high while both the DOW and S&P 500 were contained below the Jan 2018 high.  Tech is still the leader, Tech is where the growth story is.   Since this is the beginning of the 2nd half of the 4-year cycle, the first half of 2018 appeared to be choppy consolidation. 

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