MarketPulse

Hi Guys,

The table below shows the % move of each ticker for the last 2 days
Energy has been dropping
The VXX has spiked, which means higher uncertainty/volatility


The Four Markets Chart
This shows how the Large Caps, VS the Medium Caps VS the Small Caps has been doing
Not Small caps indicator turned red on Jul 1st already
It takes usually time for the large caps and medium caps to wake up to underlying weakness -- have seen this a million times
The market is still close to its expected trading bands, but we need to see how it moves from here
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MarketLeaders Chart
This chart shows the biggest US stocks
The table shows if the stocks are above or below their 20 MA's
Four are now below their MAs
They were quite extended with high % percentage values away from their MA's, so, we've been expecting a pullback
The MarketLeaders Ribbon shows how all of these tickers combined have been doing compared to their MA's -- it is still green BUT
since the tech sector has been overcooked, we're still expecting a further full-back
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Tech Market Expentacy Chart
Here you can see why Tech has been overcooked for a couple of days now
I'm hoping for a further pullback so we can get some better prices
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The Four Market Chart
Here we can see that the small caps have been stalling for a while
Sideways action is good and healthy, but it's been going on for a bit too long and should have pushed up from the July 1st levels, but have not
Weakness in the Russel 2000 is often followed by weakness in midcaps and then in large caps which results in the market pullbacks/consolidations
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The Sector Support Chart
Shows normalized relative performance of each sector
Utilities have kept up well
Consumer Disc dropped quite a bit
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International Indices VS US Large CAPS chart
Here we can see that the Nikkey and Hang Seng have been choppy for a while
DAX and ASX indicators turned red yesterday
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In Summary
  • I'm hoping that tech pulls back further, need better prices, and rebound from there to be a healthy market
  • US market Caps also need to cool off and push down a bit, but APPL has earnings soon, so we'll have to see how it goes
  • I'm monitoring ASX, DAX, Hang Seng and Nikkei futures during the day to see if there are any early turnarounds
marketTrend Analysis

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