Despite Periodic Corrections, Stocks Continue To Rise
Frank Zorrilla | Dec 16, 2014 11:27PM ET
Get The News You Want
These are the facts about the current state of the market. These are not opinions nor am I trying to imply what the next move is, the information below should give you an idea of what to maybe expect:
Get The News You Want
Get The News You Want
–The S&P 500 is down 4.96% from its all time high which it reached on 12/5/2014, the average correction since 2009 is 6.7% lasting on average 16.9 days. The average correction this year is 5.3% lasting 16 days, we are at 4.96%.
Get The News You Want
Get The News You Want
Get The News You Want
Get The News You Want
–The VIX is now higher than the future months, since 2010 the returns after this happening have been mostly positive and promising
Get The News You Want
Get The News You Want
Get The News You Want
Get The News You Want
–The VIX is now 39% above its 10 day moving average and up 76% this month, up 99% from the 12/5 close with the S&P 500 down only 4.96%.
Get The News You Want
Get The News You Want
Get The News You Want
Get The News You Want
–The average VIX spike since 2013 from the $12 level has been roughly 64% we are at 76% now.
Get The News You Want
Get The News You Want
Get The News You Want
Get The News You Want
Get The News You Want
Get The News You Want
Get The News You Want
Get The News You Want
–Telechart’s McClellan oscillator closed under -200, dead cat bounces start from these levels.
Get The News You Want
Get The News You Want
Get The News You Want
Get The News You Want
Get The News You Want
Get The News You Want
Get The News You Want
Get The News You Want
–The stocks that were holding up well finally got hit yesterday- Facebook (NASDAQ:FB), Michael Kors (NYSE:KORS),Under Armour (NYSE:UA), and Zillow (NASDAQ:Z) to name a few. What got hit first, the oil names, they were the ones that closed up yesterday. FIFO, first in first out, (oil names are probably only good for a dead cat bounce).
Get The News You Want
Get The News You Want
Get The News You Want
Get The News You Want
–The Russell 2000 and the Microcaps are holding up better than the Dow and S&P 500 since we peaked on 12/5, many view that as a positive, some might say that the smaller names have less overseas exposure (perhaps Russia) so they are holding up better.
Get The News You Want
Get The News You Want
Get The News You Want
Get The News You Want
Get The News You Want
Get The News You Want
Get The News You Want
Get The News You Want
A proprietary indicator from Pradeep Bonde has spiked to a level that has led to bounces.
Get The News You Want
Get The News You Want
Get The News You Want
Get The News You Want
Get The News You Want
Get The News You Want
Get The News You Want
Get The News You Want
–Even with yesterday's reversal we had more stocks up from the open than down.
Get The News You Want
Get The News You Want
Get The News You Want
Get The News You Want
Get The News You Want
Get The News You Want
Disclaimer:The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
/h2
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.