As some of you know, the Buffett Indicator (that is, total market cap divided by GDP) is at levels, if I may quote the President, “never seen before.” It’s truly jaw-dropping and has even over-shadowed the lunacy of early 2000.
Buffeted About
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
RTY Flying High
Be Careful You May Burn Your Wings…
Here below is the analysis of the probability of reversal for SPX, NDX and RUT DAILY, photographed yesterday at the close:
Obviously, the RUT and the SPX/NDX are not following the same buy/sell cycles, at the moment.
(more…)Short Cathie D. Wood
It seems to me that ARKK is ready to roll over here.
After Market Probabilities
SPX, NDX and RUT
All the US indices are now pretty overbought, with the NDX in particular being the most overbought (6 days up in a row).
My NDX DAILY SHORT model shows a very high probability of reversal, however probability is a statistical assessment, so we cannot exclude the scenario where the NDX closes higher, again, on Tuesday. That would be 7 days up in a row.
(more…)Ratio Charts Update
I’ve gone through my entire ratio chart list (that is, those charts compromised of two or more symbols to create a unique presentation of some financial information) and wanted to share the most interesting ones with you.
The first is the simplest: it is the NASDAQ 100 index divided by the Russell 2000. Ever since 2006, this has been climbing relentlessly, demonstrating how massively valued tech has become. Keep in mind, this isn’t just illustrating the growth of the market; it is showing the growth of the market divided by the growth of the same (U.S. common stocks) market, but with different components.
