Global equities vs bonds (new high), Small cap breadth, S&P 200d avg deviation, European Value/Growth and banks, MSCI China exposed stocks, MSCI USA v World ex USA, Baltic Freight and Economic Surprise, Soybeans

US yields, Stoxx Value, Value/Growth, Copper/Gold, Sweden’s OMX, NDX and Russell 2000, 4×1% up days.

Russell 2000 (8m high today), China’s A50 (12 year high today), Emerging markets with Dollar, Russell Growth/Value, Junk ETF (all time total return high today), UK electricity prices, cryptocurrencies (Bitcoin breakout)

S&P RSI (divergence), FANG (uptrend intact), DAX with Fibo, IBEX long term pattern, tech earnings rel, WTI Crude, Emerging Markets rel to Europe, Stoxx Insurance (rel lows), dividend aristocrats, Bitcoin, value and mome

US bonds, industrial metals relative to precious metals, US-bund spread with DXY, Bitcoin, FTSE 100 and 250, emerging markets relative with commodities, carbon credits.

Nasdaq Equal Weight (all time high), FANG, S&P Banks (near a new rel low), Copper/Gold, Clean Energy index and oils, QQQ flows, value and momentum, growth and momentum (v high correlation currently), US capital good

S&P with ADL, Russell 2000 (1600 key resistance), European value and US bond yield, Value & Momentum, mid cap and microcap growth (new all time price highs), US IPO rel, Europe rel to USA, European seasonality, DXY, US

Midweek Charts – Nasdaq breadth, FAAM, SOX and SXNP, European Banks Index, US yields, over 55s consumer confidence, Cheese spread, SHCOMP. And some tweets of note. Nasdaq 100 – the 5 day average of risers minus decliners is showing a bullish divergence. We usually watch this for the S&P rather than the NDX but this […]