S&P 500: Equal-Weight vs Cap-Weighted Index Correlation
They are decorrelated more than at any time in the past 25 years.
Decorrelation between the two usually precedes corrections. So far it is just a dip in $SPX.
$SPY$RSP$ES
Market internals on Wednesday: bad to terrible.
Pundits have been saying the market had already priced in the Democratic Party's win.
Had it?
Or is something else brewing?
$SPX$SPY$NDX$QQQ$DJI
NASDAQ 100, Technical Analysis, Ugh
NDX broke convincingly below the 200D MA
Were you sick and tired of my warnings?
Case A or B? Your take?
$NDX$QQQ$NQ
Equal-Weight Magnificent 7 - Cycle Analysis
Multiple cycles have troughs in mid-November, plus/minus.
It should be a good low for a swing trade.
$AMZN$APPL$GOOGL$NVDA$META$MSFT $ TSLA
- According to Tom McClellan there is 19.8 months correlation shift between #gold (#GC) & ##oil (#CL).
- Applying this shift to $GC cycles we get the chart below suggesting #CL shoul be bottoming about now & rally next 19-20 months!
#GLD$GLD#USO$USO#energy#preciousmetals
Almost 30% of S&P 500 stocks are moving opposite the index. That's higher than the peak in 2000.
We're seeing serious rotation and decorrelation within the index. See my earlier chart comparing the equal-weighted and cap-weighted S&P 500.
$SPX$SPY$ES
Oracle Cycle Analysis
$ORCL stock dropped over 60% since its AI spike.
Intermediate-term cycles are turning up, but the stock has not responded yet.
Re-tweet and I'll DM you long-term ORCL cycles.
Tencent (TCEHY) Time Cycles
Intermediate-term cycles are bottoming.
The wave structure suggests somewhat lower is still ahead, like two 4-5 waves in Elliott wave terms.
If you retweet, I'll DM you long-term cycle composite, must follow.
$TCEHY
Industrials ETF (XLI) Cycles
Daily cycles have bottomed. I think that $XLI is in a corrective bounce.
Re-tweet and I'll DM you longer-term cycles, must follow.