Market Snapshot 18-11-2015

Use the following table for a quick measure of the markets over a variety of time-frames.

Click the image for a better view…

03-11-2015 13-06-49

Equity markets have weakened but remain a mixed picture. SPY is neutral, QQQ is bullish and IWM is bearish… Explain that Mr Dow!

Only 39% of Russell3000 stocks are trading above their 200 day MA. This is 6% less than one week ago.

The most over-bought ETF which also has a negative volume profile is IBB.

The most over-sold ETF which also has a positive volume profile is XLY.

The strongest equity market sector during the past Qtr is Technology (+3%). The weakest sector is Utilities (-7%).

18-11-2015 13-20-06

The following stocks each belong to the technology sector, have a positive volume profile, and are showing relative strength against the market.

18-11-2015 13-25-08

The following stocks each belong to the Utilities sector, have a negative volume profile, and are showing relative weakness against the market.

18-11-2015 13-45-51

 

Disclosure: I am currently long FB, GOOGL and MSFT.

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