chart: SPY vs Hi-Lo 10dma ! MUST SEE !

This chart is self explanatory !
See the negative divergence ?

Keep following JustSignals using Twitter, @StockTwits or Follow By Email. Just submit your email address in the box on the Blog homepage. This has been posted for Educational Purposes Only.   Do your own work and consult with Professionals before making any investment decisions.  Past performance is not indicative of future results

charts: S&P500 with buy & sell signals

Courtesy of Worden Bros.

Courtesy of Worden Bros.

The S&P500 is shown with 1)McClellan Summation Index, and 2)% of stocks above the 40DMA.
Each is self explanatory and each is at a possible Change In Trend as shown as of today's price bar.

Keep following JustSignals using Twitter, @StockTwits or Follow By Email. Just submit your email address in the box on the Blog homepage. This has been posted for Educational Purposes Only.   Do your own work and consult with Professionals before making any investment decisions.  Past performance is not indicative of future results

Picasso Cycle Update

In this update only the date/s will be mentioned with an "H" for high and a "L" for low.
The chart amplitude can and will be misleading at times.
In addition, it is the date/s that is most important rather than if that date is a projected high or low.
One important reason is because in some cases a date may invert and the "H" or "L" may not mean anything.
A low may actually turn out to be a high and visa versa.
Also it is very important that other tools always be used to confirm any potential ST Cycle Date. 

Picasso Dates, always +/- 
Mar 3-14 H - high occurred on Mar 15th
Mar 20-28 L - possible low occurring in this time frame - Low occurred on March 27th
Apr 10-13 H (+/-) - high occurred on April 5th & later on Apr 10th
Apr 4/21-24 L (+/-) - lows occurred on April 13th, 18th, 19th, 21st
Apr 28- May8 H 
May 21 L

Comments
See new comments in blue above and below.

Long term indicators appear positive, so far.  Negative divergence on many indicators were broken very late last year and so they now suggest further upside.  So, if pullbacks develop into the Picasso cycle date lows and daily indicators are OverSold, it may present a good buying opportunity.
In addition, the LT cycles appear to have shifted.  The LT cycles now suggest a high around April-June +/-, a low in August +/- & a high in November +/-. 
Always remember to confirm cycle dates with your or your professional investment advisors analysis.

Keep following JustSignals using Twitter, @StockTwits or Follow By Email. Just submit your email address in the box on the Blog homepage. This has been posted for Educational Purposes Only.   Do your own work and consult with Professionals before making any investment decisions.  Past performance is not indicative of future results

charts: DIA IYT SPY XIV QQQ IWM SLY

Courtesy of ChaikinAnalytics.com

Courtesy of ChaikinAnalytics.com

Courtesy of ChaikinAnalytics.com

Courtesy of ChaikinAnalytics.com

Courtesy of ChaikinAnalytics.com

Courtesy of ChaikinAnalytics.com

Courtesy of ChaikinAnalytics.com

Highlights were made on the charts above in areas where we thought it was necessary.
In all of the above charts there was a breakdown in the Chaikin Money Flow.
In all of the above charts the Overbought/Oversold indicator is closing in on being Overbought.
Price over the Moving Average is stronger than if it were below the Moving Average.
Relative Strength is better when green and positive rather than orange and negative.
Trends is better STRONG than WEAK.

Keep following JustSignals using Twitter, @StockTwits or Follow By Email. Just submit your email address in the box on the Blog homepage. This has been posted for Educational Purposes Only.   Do your own work and consult with Professionals before making any investment decisions.  Past performance is not indicative of future results

chart: Valuations since 1900

Courtesy of dshort.com

Today's stock market valuations are now the second highest in 117 years.
Are we at the top?  There are indicators that say we are close but we are not there yet.  One of those indicators is the Advance Decline Line (ADL) which has been making new highs.  Usually the ADL will form a top about 3-6 months earlier than the stock market.  That has not happened yet.  So keep watching it carefully. 
Another indicator is the Zweig Breadth Thrust (ZBT).  The ZBT last happened in November 2016.  The ZBT has a history of making "average gains" of 24.6% over an "average" of 11 months from the last ZBT.  That would bring us to approximately October 2017.

Keep following JustSignals using Twitter, @StockTwits or Follow By Email. Just submit your email address in the box on the Blog homepage. This has been posted for Educational Purposes Only.   Do your own work and consult with Professionals before making any investment decisions.  Past performance is not indicative of future results

AdvanceDeclineLine, Predictor

"The ADL made a new high.  Our data goes back to 1926.  From 1926 to the present, over 90 years, we've never had a top in the ADL at a price top that was the ATH (all time high) in the market.  It could correct after that, but, the eventual high in the market will come at a lower (high in the ) ADL.  That is the reality of the stock market."  -  Richard Mogey

About Richard Mogey:
Richard Mogey, one of the world’s foremost authorities on cycles, has been studying cyclic activity in disciplines from natural phenomena to financial markets. He is a direct heir to the philosophy of Edward R. Dewey who founded the Foundation for the Study of Cycles.
From 1988 to 1997 Mr. Mogey was the Research Director, Executive Director, Chief Financial Officer, and Chief Economist for the “Foundation for the Study of Cycles, Inc.”, an international nonprofit research organization. He was the chief statistician and economist at the Foundation from 1989 to 1997. He created and co-authored two magazines for investors, Business and Investment Cycles and Cycles Projections, and was responsible for the editorial content of the popular journal, Cycles Magazine. He has co-developed the Foundation’s cycle analysis software, Techsignal.
From 2005 to 2010, Mr. Mogey was the Chief Voluntary Officer and Research Director of the Foundation in helping lead the Foundation into the 21st Century.
From 1997 after his retirement from the Foundation he served as chief economist for Iris Financial Group in Portland, Oregon.
In 2004 he rejoined the Foundation as Director of Research and Chief Economist, and remained in that position until 2010.
He has lectured at the University of Virginia and Temple University’s Business Schools on economics and the business cycle.  He has spoken widely and has presented papers at economic conferences world wide including the Russian Academy of Sciences. He is an experienced computer programmer with an extensive background in statistics.
He has a BA in Philosophy and Classics, Magna cum Laude, from the University of California at Irvine.

For Additional Information Contact: 
Camirand Mogey & Fife Investment Advisors
Westlake, OH  44145
440-471-7905

Keep following JustSignals using Twitter, @StockTwits or Follow By Email. Just submit your email address in the box on the Blog homepage. This has been posted for Educational Purposes Only.   Do your own work and consult with Professionals before making any investment decisions.  Past performance is not indicative of future results

Picasso Cycle Update

In this update only the date/s will be mentioned with an "H" for high and a "L" for low.
The chart amplitude can and will be misleading at times.
In addition, it is the date/s that is most important rather than if that date is a projected high or low.
One important reason is because in some cases a date may invert and the "H" or "L" may not mean anything.
A low may actually turn out to be a high and visa versa.
Also it is very important that other tools always be used to confirm any potential ST Cycle Date. 

Picasso Dates, always +/- 
Mar 3-14 H - high occurred on Mar 15th
Mar 20-28 L - possible low occurring in this time frame - Low occurred on March 27th
Apr 10-13 H (+/-) - high occurred on April 5th & later on Apr 10th
Apr 4/21-24 L (+/-)
Apr 28- May8 H

Comments
See new comments in blue above and below.

Long term indicators appear positive, so far.  Negative divergence on many indicators were broken very late last year and so they now suggest further upside.  So, if pullbacks develop into the Picasso cycle date lows and daily indicators are OverSold, it may present a good buying opportunity.
In addition, the LT cycles appear to have shifted.  The LT cycles now suggest a high around April-June +/-, a low in August +/- & a high in November +/-. 
Always remember to confirm cycle dates with your or your professional investment advisors analysis.

Keep following JustSignals using Twitter, @StockTwits or Follow By Email. Just submit your email address in the box on the Blog homepage. This has been posted for Educational Purposes Only.   Do your own work and consult with Professionals before making any investment decisions.  Past performance is not indicative of future results

Sy Harding's STS

Since Thursday is April 20,2017,  it is timely to post it again.

Excerpts from "Beat the Market the Easy Way" by Sy Harding
"Sell in May and Go Away"
"Ned Davis Research Inc. published numerous studies showing the positive  historical results of being invested in the markets for the seven month period of October 1 to May 1, and being in cash the other five months."
"Thus an investor standing aside during the market's unfavorable seasons not only matched the buy and hold performance of the S&P 500 and did so with only 50% of market risk, but also avoided the emotional stress  of seeing portfolios often plunge precipitously during unfavorable seasons."

  "IT IS NOT A FIXED 6-MONTHS IN, 6-MONTHS OUT!"

It is BEST to read this book.  The book is available at many libraries, either in paper or digital versions or it can be purchased easily online.

In summary, after the research made by Ned Davis Research Inc., Yale Hirsch of the Hirsch Organization and Alan Newman, editor of the Crosscurrents newsletter, Sy Harding's firm, Asset Management Research Corp. conducted more detailed research.  In their research they found that when the Moving Average Convergence Divergence (MACD), developed by Gerald Appel, was applied, the performance was much better.
"It works this way in our (Sy Harding's) seasonal strategy."
"If MACD is on a technical buy signal, indicating a rally is underway, when the October 16 earliest calendar date for seasonal entry arrives, we will enter at that time."
"However, if the MACD indicator is on a sell signal when the October 16 calendar date arrives, indicating a market decline is underway it would not make sense to enter before that decline ends, even though the average best calendar entry date has arrived.  In that event, our (Sy Harding's) Seasonal Timing Strategy simply waits to enter until MACD gives it's next buy signal, indicting that the decline has ended."
Use the same method in reverse when April 20 arrives to better pinpoint the end of the markets favorable period in the Spring.

Please take the time to read Sy Harding's book.  It is relatively short and easy to read and it has many more exciting findings by Sy Harding.

Keep following JustSignals using Twitter, @StockTwits or Follow By Email. 
Just submit your email address in the box on the Blog homepage
This has been posted for Educational Purposes Only.   Do your own work and consult with Professionals before making any investment decisions.  
Past performance is not indicative of future results

Transports telling us someting?

Courtesy of KimbleCharting

Click on this chart to enlarge.
It is self explanatory.

Keep following JustSignals using Twitter, @StockTwits or Follow By Email. Just submit your email address in the box on the Blog homepage. This has been posted for Educational Purposes Only.   Do your own work and consult with Professionals before making any investment decisions.  Past performance is not indicative of future results

Picasso Cycle Update

In this update only the date/s will be mentioned with an "H" for high and a "L" for low.
The chart amplitude can and will be misleading at times.
In addition, it is the date/s that is most important rather than if that date is a projected high or low.
One important reason is because in some cases a date may invert and the "H" or "L" may not mean anything.
A low may actually turn out to be a high and visa versa.
Also it is very important that other tools always be used to confirm any potential ST Cycle Date. 

Picasso Dates, always +/- 
Mar 3-14 H - high occurred on Mar 15th
Mar 20-28 L - possible low occurring in this time frame - Low occurred on March 27th
Apr 10-13 H (+/-)
Apr 4/21-24 L (+/-)

Comments
See new comments in blue above and below.

Long term indicators appear positive, so far.  Negative divergence on many indicators were broken very late last year and so they now suggest further upside.  So, if pullbacks develop into the Picasso cycle date lows and daily indicators are OverSold, it may present a good buying opportunity.
In addition, the LT cycles appear to have shifted.  The LT cycles now suggest a high around April-June +/-, a low in August +/- & a high in November +/-. 
Always remember to confirm cycle dates with your or your professional investment advisors analysis.

Keep following JustSignals using Twitter, @StockTwits or Follow By Email. Just submit your email address in the box on the Blog homepage. This has been posted for Educational Purposes Only.   Do your own work and consult with Professionals before making any investment decisions.  Past performance is not indicative of future results

Picasso Cycle Update

In this update only the date/s will be mentioned with an "H" for high and a "L" for low.
The chart amplitude can and will be misleading at times.
In addition, it is the date/s that is most important rather than if that date is a projected high or low.
One important reason is because in some cases a date may invert and the "H" or "L" may not mean anything.
A low may actually turn out to be a high and visa versa.
Also it is very important that other tools always be used to confirm any potential ST Cycle Date. 

Picasso Dates, always +/- 
Mar 3-14 H - high occurred on Mar 15th
Mar 20-28 L - possible low occurring in this time frame - Low occurred on March 27th
Apr 13 H (+/-)

Comments
See comments in blue above.

Long term indicators appear positive, so far.  Negative divergence on many indicators were broken very late last year and so they now suggest further upside.  So, if pullbacks develop into the Picasso cycle date lows and daily indicators are OverSold, it may present a good buying opportunity.
In addition, LT cycles suggest a high around April +/-, low August +/- & high November +/-.  Always remember to confirm cycle dates with your or your professional investment advisors analysis.

Keep following JustSignals using Twitter, @StockTwits or Follow By Email. Just submit your email address in the box on the Blog homepage. This has been posted for Educational Purposes Only.   Do your own work and consult with Professionals before making any investment decisions.  Past performance is not indicative of future results

Zweig Breadth Thrust

Zweig Breadth Thrust

The Breadth Thrust indicator is a market momentum indicator. It was developed by Dr. Martin Zweig. The Breadth Thrust is calculated by dividing a 10-day exponential moving average of the number of advancing issues, by the number of advancing plus declining issues.

Interpretation

A "Breadth Thrust" occurs when, during a 10-day period, the Breadth Thrust indicator rises from below 40% to above 61.5%. A "Thrust" indicates that the stock market has rapidly changed from an oversold condition to one of strength, but has not yet become overbought.

According to Dr. Zweig, there have only been fourteen Breadth Thrusts since 1945 (as of the date of the original printing of this article ???). The average gain following these fourteen Thrusts was 24.6% in an average time-frame of eleven months. Dr. Zweig also points out that most bull markets begin with a Breadth Thrust.

The last ZBT that we noted, occurred starting Nov 8,2016.
If we apply the the average gain of 24.6% to the average length of 11 months we get:
DJIA         Nov. 20016     18,000 --->22,500 forecast 11 months later in Oct.2017
S&P500    Nov. 20016       2,100 --->  2.625 forecast 11 months later in Oct.2017 

Will the stock market possibly continue straight up until Oct, 2017?  We doubt it.  In fact, the LT Picasso Cycle dates suggest an April high +/-, an August low +/- and then a Nov high +/-.  This last high in Nov is very close to the ZBT average forecast high in Oct. 2017.


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Just submit your email address in the box on the Blog homepage
This has been posted for Educational Purposes Only.   Do your own work and consult with Professionals before making any investment decisions.  
Past performance is not indicative of future results

chart: McClellan SI

Courtesy of StockCharts.com

Take a good look at this chart and you will see a potential repeating pattern.
Let's see if this pattern repeats again this time. 

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Just submit your email address in the box on the Blog homepage 
This has been posted for Educational Purposes Only.   Do your own work and consult with Professionals before making any investment decisions.   
Past performance is not indicative of future results

April 3rd, 1st TD of next month

We are getting close to April 3rd the first trading day of the new month.  

In the following heat map you will see that the first half of April does not have any orange or red days, only yellow and green.  The first TD of April according to the work of Jeffrey Hirsch, see below, produced the 2nd best first TD of the month after May.
This also fits with the potential Picasso Cycle high forecast of April 13th.  See the posting on March 27,2017.
 

Courtesy of @RyanDetrick

The following post was last made on February 1st, so now is a good time for a refresher on this subject.

* Take a look at the 3rd chart below by JEFFREY A. HIRSCH, editor-in-chief of the Stock Trader's Almanac.  
The data shows that the month of May has had the largest total DJIA points gained on the first day of the month from September 1997 to December 2012.   

*** April came in 2nd place !!! 

 





Browsing the Fidelity Customer Service Learning Center can be very useful

Monthly trading patterns: Human behavior shapes market activity
By Jeffrey A. Hirsch
 www.stocktradersalmanac.com

Click on the following link for the full article
http://bit.ly/1HbpM7W

The following is an excerpt from the article

Monthly cash inflows into S&P stocks  

For many years, the last trading day of the month plus the first four of the following month were the best market days of the month. This pattern is shown in Figure 1, where from 1953-1981 the S&P 500 shows these five consecutive trading days posting gains a much larger percentage of the time than the other 16 trading days of the average month. The rationale was that individuals and institutions tended to operate similarly, causing a massive flow of cash into stocks near beginnings of months.

Courtesy of Jeffrey A. Hirsch

“Front-running” traders took advantage of this phenomenon, drastically altering the previous pattern. Figure 2, which follows the S&P 500 from 1982 onward, shows the trading shift caused by these “anticipators” to the last three trading days of the month plus the first two. Another astonishing development shows the ninth, tenth, and eleventh trading days rising strongly as well. One possible explanation is that this mid-month bulge is caused by the enormous growth of 401(k) retirement plans (participants’ salaries are usually paid twice monthly).

 

Courtesy of Jeffrey A. Hirsch

------- > > > DJIA gains more on first day than all other days

Over the last 15 1/4 years the Dow Jones Industrial Average has gained more points on the first trading days of all months than all other days combined. While the Dow has gained 5481.72 points between September 2, 1997 (7622.42) and December 31, 2012 (13104.14), 5323.19 points were gained on the first trading days of these 184 months. The remaining 3674 trading days combined gained just 158.53 points during the period. This averages out to gains of 28.93 points on first days, in contrast to only 0.04 points on all others. See Table 1.
Note that September 1997 through October 2000 racked up a total gain of 2632.39 Dow points on the first trading days of these 38 months (winners except for seven occasions). But between November 2000 and September 2002, when the 2000-2002 bear markets did the bulk of their damage, frightened investors switched from pouring money into the market on that day to pulling it out in fourteen months out of twenty-three. This netted a 404.80 Dow point loss. The 2007-2009 bear market lopped off 964.14 Dow points on first days in 17 months from November 2007 to March 2009. First days had their worst year in 2011, declining seven times for a total loss of 644.45 Dow points.
First days of June have performed worst. Triple digit declines in four of the last five years have resulted in the worst net loss. August is the second net loser. In rising market trends, first days perform much better as institutions are likely anticipating strong performance at each month’s outset. S&P 500 first days track the Dow’s pattern closely but NASDAQ first days are not as strong with weakness in April, August, and October.

Courtesy of Jeffrey A. Hirsch

 For more information contact
 JEFFREY A. HIRSCH, editor-in-chief of the Stock Trader's Almanac and Almanac Investor newsletter, and the author of The Little Book of Stock Market Cycles (Wiley, 2012).
 www.stocktradersalmanac.com

Keep following JustSignals using Twitter, @StockTwits or Follow By Email. 
Just submit your email address in the box on the Blog homepage
This has been posted for Educational Purposes Only.   Do your own work and consult with Professionals before making any investment decisions.  
Past performance is not indicative of future results

Picasso Cycle Update

In this update only the date/s will be mentioned with an "H" for high and a "L" for low.
The chart amplitude can and will be misleading at times.
In addition, it is the date/s that is most important rather than if that date is a projected high or low.
One important reason is because in some cases a date may invert and the "H" or "L" may not mean anything.
A low may actually turn out to be a high and visa versa.
Also it is very important that other tools always be used to confirm any potential ST Cycle Date. 

Picasso Dates, always +/- 
Mar 3-14 H - high occurred on Mar 15th
Mar 20-28 L - possible low occurring in this time frame
Apr 13 H

Comments
See comments in blue above.

Long term indicators appear positive, so far.  Negative divergence on many indicators have been broken very late last year and so they now suggest further upside.  So, if pullbacks develop into the Picasso cycle date Lows and daily indicators are OverSold, it may present a good buying opportunity.
In addition, LT cycles suggest a high around April +/-, low August +/- & high November +/-.  Always remember to confirm cycle dates with your or your professional investment advisors analysis.

Keep following JustSignals using Twitter, @StockTwits or Follow By Email. Just submit your email address in the box on the Blog homepage. This has been posted for Educational Purposes Only.   Do your own work and consult with Professionals before making any investment decisions.  Past performance is not indicative of future results

Weakness could be developing

Bull market; Weakness cracks could be starting

by Chris Kimble | Mar 14, 2017 | Kimble Charting

This past week the bull market in stocks, celebrated its 8-year anniversary, off the March 2009 lows. The bull trends off the lows in 2009 are still solidly in play, as key indices remain inside of long-term rising channels. Make no mistake the series of higher lows and higher highs has NOT been broken.
Speaking of broken, wanted to share a few tools we look at behind the scenes, that reflect a couple of small cracks (cracks of support), could be starting to taking place.

Courtesy of Kimble Charting

The S&P 500 (upper left) and the Russell 2000 (lower middle) reflect that quality rising trends remain in place (higher lows and higher highs). Nothing of late has taken place to change these trends. Each does appear to be testing “challenge points” to the current trend, both are testing breakout levels of short and long-term overhead channels.

The other charts do reflect a little weakness is taking place in Crude Oil (could be breaking bearish rising wedge support). Advance/Decline line could be slipping below support drawn off the lows created a year ago. Equal Weight/Cap Weight S&P ratio (RSP/SPY) is been heading south of late (diverging against broad market). Junk Bonds could be breaking below bearish rising wedge support at a key Fibonacci retracement level.

These potential cracks are very small at this time. If the cracks would grow bigger and more of them start taking place, it could become of concern for the S&P and Russell. The Power of the Pattern continues to believe that what Crude Oil does going forward, could be one of the bigger influences to the future direction of stock prices.

Keep following JustSignals using Twitter, @StockTwits or Follow By Email. 
Just submit your email address in the box on the Blog homepage
This has been posted for Educational Purposes Only.   Do your own work and consult with Professionals before making any investment decisions.  
Past performance is not indicative of future results

RYNVX big change in market cap again

Updates in BLUE - RYNVX market capitalization increased $172Mil today, 3/9/17

RYNVX - Rydex Nova Fund Investor Class (Long Fund)

RYNVX    3-11-09  $22Mil     5-14-15  $177Mil           9-4-15       $53Mil 
                                                                                    9-14-15      $52Mil
                                                                                  10-26-15    $140Mil
                                                                                  11/27/15     $182Mil
                                                                                  12/10/15     $187Mil
                                                                                  12/29/15     $189Mil
                                                                                   1/15/16        $51Mil

                                                                                   1/19/16        $37Mil
                                                                                   2/18/16        $37Mil

                                                                                   3/11/16        $52Mil

                                                                         3/14/16      $159Mil

                                                                                    3/1/17       $316Mil

                                                                                    3/3/17       $148Mil 

                                                                                    3/9/17       $319Mil

 

Note  The RYNVX increased $172Mil today, 3/9/17.  That is a whopping increase of $172Mil in market capitalization.  This could be interpreted as some were fearful of not being long in this Nova Fund. Is that fear bearish for the market?  It is possible that this "could" have come from some stock market newsletter writer advising their clients to buy.

When this Long Fund has big changes in market cap in a very short time frame, as it just did on 3/1/17, 3/3/17 & 3/9/17, not very sure if this will have any influence in the market.  We will keep an eye on this and let you know what happens.

Large & small dollar amounts of market cap in the RYNVX long fund displays Greed & Fear in the market...

Keep following JustSignals using Twitter, @StockTwits or Follow By Email. 
Just submit your email address in the box on the Blog homepage
This has been posted for Educational Purposes Only.   Do your own work and consult with Professionals before making any investment decisions.  
Past performance is not indicative of future results

NYSE McClellan SI

Courtesy of StockCharts.com

In the above chart, there are red vertical lines in recent similar periods in the last 24 months.  Subsequent to these periods the market had bounced up before continuing the trend down.

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This has been posted for Educational Purposes Only.   Do your own work and consult with Professionals before making any investment decisions.  
Past performance is not indicative of future results

More new lows than new highs < 1% from new ATH

Courtesy of Twitter

Above info is just an FYI ...

Keep following JustSignals using Twitter, @StockTwits or Follow By Email. 
Just submit your email address in the box on the Blog homepage
This has been posted for Educational Purposes Only.   Do your own work and consult with Professionals before making any investment decisions.  
Past performance is not indicative of future results

RYNVX Had a Large Change in Market Cap

Updates in BLUE - RYNVX market capitalization dropped $168Mil Friday 3/3/17

RYNVX - Rydex Nova Fund Investor Class (Long Fund)

RYNVX    3-11-09  $22Mil     5-14-15  $177Mil           9-4-15       $53Mil 
                                                                                    9-14-15      $52Mil
                                                                                  10-26-15    $140Mil
                                                                                  11/27/15     $182Mil
                                                                                  12/10/15     $187Mil
                                                                                  12/29/15     $189Mil
                                                                                   1/15/16        $51Mil

                                                                                   1/19/16        $37Mil
                                                                                   2/18/16        $37Mil

                                                                                   3/11/16        $52Mil

                                                                         3/14/16      $159Mil

                                                                                    3/1/17       $316Mil

                                                                                    3/3/17       $148Mil

 

Note  The RYNVX dropped to $148Mil on Friday 3/3/17.  That is a whopping drop of $168Mil in market capitalization.  This could be interpreted as some were fearful of being long in this Nova Fund. Is that fear bullish for the market?  It is possible that this "could" have come from some stock market newsletter writer advising their clients to sell.

When this Long Fund has big changes in market cap in a very short time frame, as it just did on 3/1/17 & 3/3/17, not very sure if this will have any influence in the market.  One scenario is that the market continues to grind up and these investors that just sold their long position in this fund come back and buy again.  We will keep an eye on this and let you know what happens.

Large & small dollar amounts of market cap in the RYNVX long fund displays Greed & Fear in the market...

Keep following JustSignals using Twitter, @StockTwits or Follow By Email. 
Just submit your email address in the box on the Blog homepage
This has been posted for Educational Purposes Only.   Do your own work and consult with Professionals before making any investment decisions.  
Past performance is not indicative of future results

RYNVX had a large change in Market Cap

Updates in BLUE - RYNVX inched closer to another extreme reading

RYNVX - Rydex Nova Fund Investor Class (Long Fund)

RYNVX    3-11-09  $22Mil     5-14-15  $177Mil           9-4-15       $53Mil 
                                                                                    9-14-15      $52Mil
                                                                                  10-26-15    $140Mil
                                                                                  11/27/15     $182Mil
                                                                                  12/10/15     $187Mil
                                                                                  12/29/15     $189Mil
                                                                                   1/15/16        $51Mil

                                                                                   1/19/16        $37Mil
                                                                                   2/18/16        $37Mil

                                                                                   3/11/16        $52Mil

                                                                         3/14/16      $159Mil

                                                                                    3/1/17       $316Mil

Note  The RYNVX is now near another potential extreme.  It is currently at $316Mil.

*This is a hint that a turn in the market "maybe" near.  Looking for more evidence.

This large market cap in the RYNVX long fund displays greed in the market...

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This has been posted for Educational Purposes Only.   Do your own work and consult with Professionals before making any investment decisions.  
Past performance is not indicative of future results