Tag Archives: VXO

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Weekly Market Commentary 5.22.15

Everything is grinding to a halt in this market, and that is probably a sign that an explosive move lies in the not-too-distant future. $SPX has support at the old highs (2120). If that should fail, there should be a good support level at 2070.   Equity-only put-call ratios remain on sell signals, according to […]

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Weekly Market Commentary 5.1.15

Stocks dawdled at or just above the previous all-time highs, but couldn’t convincingly push through with a strong move.  As a result, things began to deteriorate. Now, 2070 has some significance. If $SPX breaks down below 2070, a more bearish scenario should unfold. Equity-only put-call ratios are still on buy signals.  Both have “wiggles” curling […]

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Weekly Market Commentary 4.10.15

The stock market has traded in an ever-narrowing range for over a month now.  The most recent range has been bounded by 2090 on the upside and 2050 on the downside.  But now $SPX is trying to break through 2090.  Even if that is accomplished, there is still considerable overhead resistance at 2110-2120 (the all-time […]