Indice S&P 500Aggiornato S&P 500 Next Week Expected Move ($64)
SPX Next week expected move = $64.
A very strange week last week. Nasdaq mega-caps rotated into Small-cap value.
This is due to a short squeeze in the Most-shorted index, not a cyclical rebound.
Seeing VVVIX upward movement this week alongside the SPY. This is a huge Divergence.
I said keep a lookout for divergences. This week was full of 'em.
30-year Bonds got demolished. Higher yields + Steeper yield curves helped out the banks.
The
IWM is full of banks. 
GLD was overextended and a pullback was expected.
UUP The Dollar appears to be forming an inverse H&S.
Lots of money moving around under the surface.
TIPS LTPC Inflation Expectations are moving up I believe, which will be a problem
for these more richly valued stocks that've been justified by really low rates.
Market Breadth is deteriorating as can be seen from the:
-RSP Equal Weight Index
-
MMTW % of stocks above 50-day ma
Small caps are the only major index that's been in a primary downtrend since 2018 high.
Warren Buffett last week sold all of his exposure to Goldman Sachs
GS and purchased Barrick Gold GOLD.
Best of luck next week,
- RH
A very strange week last week. Nasdaq mega-caps rotated into Small-cap value.
This is due to a short squeeze in the Most-shorted index, not a cyclical rebound.
Seeing VVVIX upward movement this week alongside the SPY. This is a huge Divergence.
I said keep a lookout for divergences. This week was full of 'em.
30-year Bonds got demolished. Higher yields + Steeper yield curves helped out the banks.
The
IWM is full of banks. GLD was overextended and a pullback was expected. UUP The Dollar appears to be forming an inverse H&S. Lots of money moving around under the surface.
TIPS LTPC Inflation Expectations are moving up I believe, which will be a problemfor these more richly valued stocks that've been justified by really low rates.
Market Breadth is deteriorating as can be seen from the:
-
RSP Equal Weight Index-
MMTW % of stocks above 50-day maSmall caps are the only major index that's been in a primary downtrend since 2018 high.
Warren Buffett last week sold all of his exposure to Goldman Sachs
GS and purchased Barrick Gold GOLD.Best of luck next week,
- RH
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.