Stick Save To Close The Week

 

#0000ff;”>#0000ff;”>Bloomberg #000000;”>notes. We covered two Japan ETFs this week, #0000ff;”>#0000ff;”>EWJ and #0000ff;”>#0000ff;”>DXJ. Notably, DXJ was the best performing ETF in 2013 until this week. DXJ is interesting as it has a short-hedged position on the yen which benefits U.S. holders. EWJ is also popular but with the yen in sharp decline, it really hasn’t benefitted U.S. holders as much.

#000000;”>Volume trailed off and bulls were free to ramp stocks into the close. Breadth per the WSJ was mostly negative.

 

5-9-2013 7-00-48 PM gray ad insert 5.9.1

#000000;”>You can follow our pithy comments on #0000ff;”>#0000ff;”>twitter #0000ff;”>#0000ff;”>facebook.

NYMO

NYMO

The NYMO is a market breadth indicator that is based on the difference between the number of advancing and declining issues on the NYSE. When readings are +60/-60 markets are extended short-term.

NYSI

NYSI

The McClellan Summation Index is a long-term version of the McClellan Oscillator. It is a market breadth indicator, and interpretation is similar to that of the McClellan Oscillator, except that it is more suited to major trends. I believe readings of +1000/-1000 reveal markets as much extended.

VIX

VIX

The VIX is a widely used measure of market risk and is often referred to as the “investor fear gauge”. Our own interpretation is highlighted in the chart above. The VIX measures the level of put option activity over a 30-day period. Greater buying of put options (protection) causes the index to rise.

SPY 5 MINUTE

SPY 5 MINUTE

.SPX WEEKLY

.SPX WEEKLY

INDU WEEKLY

INDU WEEKLY

RUT WEEKLY

RUT WEEKLY

QQQ WEEKLY

QQQ WEEKLY

XLF WEEKLY

XLF WEEKLY

XLB WEEKLY

XLB WEEKLY

XLP WEEKLY

XLP WEEKLY

XLI WEEKLY

XLI WEEKLY

IYT WEEKLY

IYT WEEKLY

IYR WEEKLY

IYR WEEKLY

TLT WEEKLY

TLT WEEKLY

FXE WEEKLY

FXE WEEKLY

FXY WEEKLY

FXY WEEKLY

FXA WEEKLY

FXA WEEKLY

GLD WEEKLY

GLD WEEKLY

SLV WEEKLY

SLV WEEKLY

GDX WEEKLY

GDX WEEKLY

JJC WEEKLY

JJC WEEKLY

DBC WEEKLY

DBC WEEKLY

USO WEEKLY

USO WEEKLY

UNG WEEKLY

UNG WEEKLY

UUP WEEKLY

UUP WEEKLY

EFA WEEKLY

EFA WEEKLY

IEV WEEKLY

IEV WEEKLY

EEM WEEKLY

EEM WEEKLY

 

EWJ WEEKLY

EWJ WEEKLY

EWZ WEEKLY

EWZ WEEKLY

RSX WEEKLY

RSX WEEKLY

EPI WEEKLY

EPI WEEKLY

 

FXI WEEKLY

FXI WEEKLY

EWA WEEKLY

EWA WEEKLY

 


 

 

    

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