SPY continues to lull traders to sleep. The price action is expected, yet still mind-numbing.
Only Russell 2000 (IWM) is showing any real leadership under current market conditions. Everything else is simply circling the S&P 500 (SPY).
This fade on SPY is not a good look technically.
SPYÂ filled the gap in a most unusual sort of way.
Never before have we see this many stocks go down when the S&P 500 traded higher. It's the NVDA effect.
This stock market bounce hasn't shown incredible follow through And the fact everyone is expecting a bounce in the stock market just after a two-day sell-off in the S&P 500 (SPY) goes to show just how ridiculous the expectations have become for this stock market. Sure, it was a huge sell-off on Friday,
Been a long week for the longs, but dip buyers finally showing up on Friday.
Equity sentiment vs returns for the S&P 500 couldn't be further apart than it is right now.
Long-term, buying S&P 500 (SPY) at the 200-week moving average has produced incredible long-term results.
Two standard deviations of S&P 500 (SPY) 50-day moving average, has price moving back inside of it again.