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Stock market technician Carl Swenlin looks at the Rydex Ratio today – an indicator screaming out that it’s been a LONG time since sentiment was this bullish. Rydex Ratio Reflects Very Bullish Sentiment by Carl Swenlin As prices soar, the Rydex Ratio reflects increasingly bullish sentiment. The chart shows that the Ratio has not reached […]
With the precious metals recovering from their recent free fall, you would think investor sentiment would be at rock bottom levels. If so, then you (and me) would be wrong – at least according to an indicator that only our technical expert Carl Swenlin would have a beat on! Precious Metals Sentiment by Carl Swenlin […]
As the Dow hits a new time high, with the S&P 500 close behind, signs of an impending correction continue to pile up. While the market has continued to climb the “wall of worry” higher since March 2009, it’s worth remembering that markets do go down once in awhile as well. Today technician Carl Swenlin […]
Anecdotally you probably believe that this market is pretty overbought – here’s some convincing further evidence, presented by technician Carl Swenlin. It’s not a guarantee of price declines, but as Swenlin mention, it should be a reason to exercise caution on the long side of this market… Very Overbought Market by Carl Swenlin One of […]
Equal-Weighted Beating Cap-Weighted by Carl Swenlin I have long been a cheerleader for equal weighted indexes versus cap-weighted ones, and now seems like a good time to demonstrate why. In a cap-weighted index stocks influence the price of the index based upon their market capitalization (price time number of shares). For example the top 50 […]
Gold Resuming Long-Term Up Trend? by Carl Swenlin On the weekly chart below, we can see that, after making a new, all-time high back in August of 2011, gold went into a correction/consolidation mode, ultimately forming a descending triangle. While this formation suggests lower prices (the flat line is the weakest), price broke up through […]
Sentiment and Seasonality Urge Caution by Carl Swenlin The National Association of Independent Investment Managers (NAAIM) weekly poll* shows that they are 83% long. This qualifies as an extreme level of optimism, and should cause concern. (This is a recent excerpt from the blog for Decision Point subscribers.) On the following chart we can see […]
by Carl Swenlin After languishing for three months in a sideways consolidation, gold has finally begun moving up again. This is encouraging for gold investors, but there are still obstacles to be overcome before it can be considered to be fully in the clear. (This is a recent excerpt from the blog for Decision Point […]
by Carl Swenlin On Thursday, ECB President Mario Draghi vowed to do “whatever it takes” to save the euro. This has so far sparked a two-day rally in the global markets led by Europe. In our opinion, what it will take is for people/governments to stop spending more than they make. This, of course, will […]
by Carl Swenlin The Rydex Cash Flow Ratio gives an improved view of sentiment extremes by using cumulative cash flow (CCFL) into Rydex mutual funds rather than using the totals of assets in those funds (which we use for the Rydex Asset Ratio). It is calculated by dividing Money Market plus Bear Funds CCFL by Bull […]
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