Record S&P High Amid Wave of 52‑Week Lows
Today will be the 2nd consecutive day the S&P 500 $SPY closes at a record high, with more than 4% of its stocks hitting 52-week lows. Anyone wanna guess the only other time in 100 years this has happened? https://t.co/E3MJYlA42k
S&P Hits Record, Home Depot Plunges 25%—Rare Divergence
S&P 500 $SPY at/near all-time high while Home Depot $HD is more than 25% off. 3rd time in 30 years. Oh, well. This time is different. https://t.co/4WQAXlMCTv
S&P Hits New High with Under 40% Stocks Advancing
The S&P 500 $SPY rallied at least 0.25% to a new high. Not even 40% of its stocks rose on the day. This has happened two other times since 1962. LOL, make of it what you will. https://t.co/2WJkbcn7CA
Tech's Rare +20% Monthly Gains at All‑Time Highs
Here's every time the tech sector had a +20% monthly total return at an all-time high. https://t.co/9aARGfGuZL
Nasdaq 100 Climbs as only 29% Stocks Rise—28‑year Rarity
The Nasdaq 100 $QQQ closed up more than 0.5%. Fewer than 29% of stocks on the Nasdaq advanced today. This has not happened in at least 28 years. https://t.co/L36DesYWH4
Rare Market Divergence: More Lows Than Highs After Record S&P
On Monday, the S&P 500 $SPY closed at a record high. The next day, at least 1% more stocks hit a 52-week low than a 52-week high. In 70+ years of history, that's happened twice. Yesterday was one. January 3, 2000 was...
Equal‑weight S&P Stalls as Cap‑weight Hits Fresh High
As stock indices rise, fewer stocks are going along. This is why the S&P 500 equal-weight index $RSP hasn't made a new high for 40 days, while the cap-weight version $SPY just did. In 70 years, this is only the 3rd time...
Bullish Odds Slip: 58% Chance S&P Rise
Probabilities are becoming less favorable for bulls. Roughly a 58% chance for a higher S&P 500 a year from now, down from 82% a little over a week ago. https://t.co/IpLeBfyhKL
Next Week Determines Whether Tech Rally Is Bottom
Why the coming week is crucial... Tech stocks rallied 20% in 3 weeks. That's (usually) either a market bottom or a near-peak in a bear market rally. The big tell: if buyers persisted over the following week, it was (usually) the former....
S&P 500’s Rare 13%+ Rally in 13 Days Since 1928
What a remarkable run. Here is every time since 1928 when the S&P 500 rallied to a record by at least 13% (rounded) in 13 days. Don't take this too seriously. https://t.co/YlnHmYAUlZ
S&P
The S&P 500 $SPY recovered from a 9% pullback in under 3 months. It hit a new high with few of its stocks participating (net new highs or above moving averages). There has been only one precedent since 1928. People tend to...
Record S&P Close Would Mark Fifth Fastest Rebound
If the S&P 500 closes at a record, it will be the 5th-quickest recovery from a deep pullback. The others weren't necessarily all-clear signs. https://t.co/RDoP06CRSs
S&P Rebounds in April Five Times, Hinting Momentum-Seasonality
This is the 5th time the S&P recovered from a YTD pullback in April. Yeah yeah, tiny sample size. The only purpose is to show the few similar cases of momentum + seasonality. https://t.co/KayfEI5bgb
S&P's 6% Six-Day Rally Raises One-Year Return Odds to 81%
This is now a powerful "triple six" rally. The S&P rallied 6% in 6 days from a 6-month low. It failed in 2001 and was painful in 2008. But otherwise, excellent one-year returns. It bumped up the probability of a positive one-year return...
Speculators Panic: Smallest Options Traders Surge Put Buying
The most speculative traders panicked. For only the 3rd week ever, the smallest options traders spent 1/3 of their volume buying put options to open. The only other weeks were at the height of the Covid washout. https://t.co/rkG2ARDrLF