Golf, cigars, whisky & looking at charts
Joined May 2018
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Jun 16
A rally driven by seven stocks can work for a while... A rally driven by hundreds of stocks is much harder to stop.
The Mega Cap vs Micro Cap ratio is sitting at 1.43, a level that has repeatedly influenced market leadership over the past 6 years.
This is a roadmap for where leadership may come from next.
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I just side-step the idea of shorting stocks... cash is a position for me..
Jun 16
Shorting stocks is hard for even seasoned investors & timing tops can be treacherous.
It seems like people forget this sometimes.
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Jun 16
The weight of the evidence remains with the bulls.
Are there a few yellow flags?
Sure.
But when I step back and look across the board, the number of bullish confirmations still outweighs the divergences.
For now, the market continues to earn the benefit of the doubt.
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Jun 16
One of my favorite market indicators just passed another test.
The Canary in the Coal Mine Composite pulled back, found support, and is now pushing higher again.
When the market's most risk-sensitive groups refuse to crack, it's difficult to make the case that a major decline is imminent.
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Jun 16
The market isn't behaving like it's worried.
My Risk-On Index just closed at another all-time high.
Meanwhile, the Risk-Off Index continues to trend lower.
That's not what fear looks like.
That's what confidence looks like.
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Jun 16
177 S&P 500 stocks now score a perfect 4 out of 4 on my trend model.
Just 92 scored 0 out of 4.
The number of strong trends is rising and the number of broken trends is falling.
Bull markets are at their best when leadership expands and weakness contracts.
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Jun 16
Want to know what's happening beneath the surface?
New highs are expanding...
New lows are becoming extinct...
It's hard to build a bearish case when participation keeps improving.
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Jun 16
The bears had a good story.
"The index is going up, but fewer stocks are participating."
That story is getting harder to tell now...
The Advance-Decline Lines for large caps, mid caps, and small caps are all pushing higher.
Divergences are no longer diverging.
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Grant Hawkridge retweeted
Jun 16
The Bulls Regain Momentum | Price Doesn't Care with @GrantHawkridge x.com/i/broadcasts/1mxPaanWp…
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Grant Hawkridge retweeted
Jun 15
A week ago, stock market bears were gaining momentum.
That is no longer the case.
@granthawkridge has the lowdown on Price Doesn't Care
Live here at 8:00 pm ET youtube.com/live/vNelO-RBXRA
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Jun 16
I'm talking market breadth right now. Join me! | Price Doesn't Care x.com/i/broadcasts/1wxWjjPRp…
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Jun 15
The strongest participation in the market isn't coming from mega caps.
16.1% of S&P 600 stocks are making new 52-week highs. Only 0.2% are making new lows.
Investors are reaching further out the risk curve, not pulling back from it.
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Grant Hawkridge retweeted
Jun 15
Today on The Morning Show:
8:55 @HitTheBidRadio shares his favorite premarket trades today
9:00 @DavidCoxRJ tells us which puts he's been shorting
9:15 @granthawkridge updates his weekly bull market checklist
Live at 8:30 here youtube.com/watch?v=R5wMz4a5…
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Investing Update: I Read The Data, Not The Headlines
Charts from @RachelDashCS @TheChartReport @FrankCappelleri @WarrenPies @granthawkridge @Mr_Derivatives @byHeatherLong @StockMKTNewz @M_McDonough @lisaabramowicz1 @LizThomasStrat @Barchart @AlfCharts @bespokeinvest @Mayhem4Markets @Speculator_io @MosesSternstein @Marlin_Capital @eWhispers
spilledcoffee.substack.com/p…
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