spx daily

The BIG move came, is another around the corner?

Two days before the BREXIT slaughter fest we timely showed a big move was coming to the markets, based on the tight Bollinger bands. See here. The market lost  5.7% in a matter of two days. We advised our Intelligent Investing members to be all cash prior to the UK vote and saved them a lot…

cpce ratio

Do the CPCE and VIX suggest a top is imminent?

First, lets re-assess how we did with our last call, to see if we went wrong and if so to learn from our mistakes. Two weeks ago we used market breadth patterns to suggest a bottom was close and we would expect a rally. See here. In fact, we predicted back then, based on wave-analyses…

SPXMO STUDY

Market breadth: is it following the late-2015 script

One of the items mentioned by pundits as proof that a new bull market has started off the February low is the surge in market breadth. Though market breadth is important, and the surge certainly has been impressive during the early stages of the past rally, no Zweig breadth thrust was registered this time around while…

vix-cpce

The curious case of low VIX and high CPCE

Over the past days something interesting has happened. VIX has been dropping to levels that coincide with tops/continued upside, while CPCE (equities only put/call ratio) has been increasing to rather high readings, sometimes extreme (>0.90) that coincide with bottoms. See Figure below. VIX hit our red support zone today and reversed, while CPCE was at…