At today’s close, our equities model will make the following change…
On Wednesday, shares of GE rallied over 2%
Wednesday’s small 0.2% pullback was enough to
With Tuesday’s gain, the S&P500 is up 6% for the month of February with three sessions remaining.
A late-day rally left the S&P500 in the top 10% of its daily range, but it’s interesting to note that only 96 S&P500 components closed in the top 10% of their daily range, less than half of Friday’s 236 number. I found
Interesting to note that S&P500 component volume totaled 2.12 billion shares on Friday, slightly under the 10-day moving average of 2.17 billion. Usually volume comes in above-average on an OpEx Friday, so I took a look at instances when it came in below-average…
Options expiration is tomorrow
The chart below is a daily version of our recently introduced Leading TICK indicator. While the indicator was developed primarily for intraday purposes, it’s been interesting to take the daily closing value and chart it on a cumulative basis (as seen in the red line below).
After hitting a 52-week low in January, the Consumer Discretionary/Staples ratio has surged higher over the last two weeks