Buy Climax: was last week a secular stock market peak? - stock market top 2013
Last week saw the second highest buy climax reading -probably ever- but certainly in the past quarter century. A weekly buying climax occurs when a stock hits a 52-week high price, but closes the week...
View ArticleWelcome to the 2013 stock market top - Let the stock market crash begin
Running out of gas. That’s how I’d describe the latest risk-on rally. I’ll go into this in more detail via examining several Greedometer current input values in this week’s newsletter. But when the...
View ArticleAcute Risk of Stock Market Collapse Initiating
The S&P500 was struggling to get through 1597 — having re-tested it 3 times over the past few weeks. The table was set for the market to begin collapsing if weak employment data came out yesterday....
View ArticleThe stock market crash approaches. Margin Debt: all time record in sight for...
A few minutes ago the NYSE released the Margin Debt number for March: $379.5B. This month’s data (April) will be released near the end of May. My estimate for April is for $383B — eclipsing the...
View ArticleQueue the Euphoria. Here comes the crash. - This is what a secular stock...
Queue the euphoria. The S&P500 is probably going to re-test 1595 this week, and if Friday’s Q1 GDP estimate is north of 3.0%, the S&P500 may even break 1600 for a few minutes. Crack open the...
View ArticleGreedometer gauge on verge of breaking
In a complete non-ratification of stock market readings, the Greedometer strategic risk gauge is on the verge of breaking (exceeding its 8000rpm limit). Reminder: stock market price is not an input...
View ArticleThis Guy Has it Right Too - Nouriel Roubini: Market Shock later this year
Without putting words in the mouth of Marc Faber and Nouriel Roubini, it seems their broad view of the US economy and US stock market prospects are very similar – very similar to mine as well....
View ArticleDow sets new record. Attention winners: please sell your shares to the losers...
This morning the Dow broke its all time record high –set in October 2007. Can the S&P500 be far behind? And is this the early stage of another great bull market? Let’s look back at the two...
View ArticleGreed is back! (baby)… - Buying "on margin" is reaching an all-time high.
Greed is Back! One of the 9 input parameters to the Greedometer algorithm is Margin Debt used on the NYSE. This is the amount of money borrowed from broker-dealers to invest “on margin”. Margin debt...
View ArticleThe rats are jumping ship at a blistering rate - Panic insider selling
WAKE UP CALL! Last week: Across all the US exchanges, insider share sales were nearly 9.5X the number of insider share buys. This is the highest ratio of shares sold to shares bought across all US...
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