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Monday, July 09, 2018 10:59:13 AM
Breadth Momentum Improves As Equal Weight S&P Lags
By: SentimenTrader | July 9, 2018
An uptick in momentum
The McClellan Oscillator has turned positive after weeks below zero.
In a bull market, that has led to good medium-term returns, especially since 1984 when it led to gains over the next 6 months 18 out of 20 times.
Don’t forget the troops
An equal-weight S&P 500 index is lagging at a time when small-caps are leading.
This is exceptionally unusual and has led to future outperformance for the equal-weight S&P 500 index relative to the capitalization-weighted one.
Nice move in biotech
The Nasdaq Biotech fund, IBB, gapped up more than 1% then added another 1% during the session, closing at a 100-day high. Over the funds history, it has added to the gains over the next couple of days 9 out of 13 times.
Coffee relief
On Thursday, we saw how coffee had a rarely-seen level of pessimism. On Friday, futures jumped the most in a year. Since 1980, coffee has gone from a 52-week low one day to the best gain in a year the next day 3 times.
https://sentimentrader.com/blog/breadth-momentum-improves-as-equal-weight-sp-lags
• DiscoverGold
By: SentimenTrader | July 9, 2018
An uptick in momentum
The McClellan Oscillator has turned positive after weeks below zero.
In a bull market, that has led to good medium-term returns, especially since 1984 when it led to gains over the next 6 months 18 out of 20 times.
Don’t forget the troops
An equal-weight S&P 500 index is lagging at a time when small-caps are leading.
This is exceptionally unusual and has led to future outperformance for the equal-weight S&P 500 index relative to the capitalization-weighted one.
Nice move in biotech
The Nasdaq Biotech fund, IBB, gapped up more than 1% then added another 1% during the session, closing at a 100-day high. Over the funds history, it has added to the gains over the next couple of days 9 out of 13 times.
Coffee relief
On Thursday, we saw how coffee had a rarely-seen level of pessimism. On Friday, futures jumped the most in a year. Since 1980, coffee has gone from a 52-week low one day to the best gain in a year the next day 3 times.
https://sentimentrader.com/blog/breadth-momentum-improves-as-equal-weight-sp-lags
• DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
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