Tuesday, May 19, 2015

S&P500 @ New Record Highs; the NYSE (et al) NOT joining in the 'Celebration'?

NYSE Daily Chart @ Close 05/18/2015
Record Highs for the Big Cap Indices; NOT SO for the broader ones: NYSE/ Small Caps & Russell 2000.
Non- confirmation or simply slow to follow the lead as Sentiment remains firmly in the Skeptic's Camp with a Neutral reading above 45% for a few weeks now?

Monday, May 11, 2015

Another false Signal or the Real Deal?

S&P500 Weekly Chart @ Close Friday 05/08/2015
Key Reversal after Weeks of false 'sirens' wailing cautionary technical tales of potential corrective despair.
Are we finally there; wherever 'there' is?
Friday May 8 Close back so close to the Record & Key Reversal Highs suggests a negation of the Signal; weird times may herald a weird reaction up here.