Big Tech Endures Historic Three-Day Intraday Decline
Big tech suffered at least a 1% intraday loss for 3 days in a row. That's the fourth such streak in a month. This is tied for the most ever and hasn't happened since the GFC. It's been either really, really good or really, really bad for dip-buyers. Straddle LEAPS, maybe? h/t @bespokeinvest
S&P 500’s First 12 Weeks Tie Worst Ever Performance
Barring a yuuuuge rally into the close, the S&P 500 will have risen only 3 of the first 12 weeks of the year. That's tied for the worst ever. https://t.co/015dH0ndV9
QQQ's Modest Dip After 100 Sessions Signals Strength
Today will be the 100th session since the Nasdaq 100 QQQ peaked. Yet it isn't even 10% off its high. That has tended to be a good sign, esp relative to those times it was deeper into a correction at the 100-day...
Record Down Volume Followed by Record Up Volume
A day after the heaviest down volume in NYSE history, we get the heaviest up volume. Totally normal market. https://t.co/odNR7bgM5P
Record $64B Outflow From SPY, QQQ in 3 Months
The boat is getting tippy. About $64 billion has come out of SPY + QQQ over the past 3 months. That's nearly double the previous decade's extreme. Still not all that extreme as a % of assets tho. https://t.co/Ep1DBUQEqI
Widening Credit Spreads Signal Imminent Bear Market
The bond market is getting twitchy. Over the past 20 years, when credit spreads blew out but the S&P 500 wasn't even beyond a pullback yet, it was 3-for-3 in bear markets. h/t @sentimentrader https://t.co/xiba9GU3z2