S&P 500 IndexUpdated 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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.