Trader’s Narrative

If you’ve been reading this blog for the past little while, you’re already familiar with the argument that the stock market has been rising higher on the strength of new 52 week highs. I commented on this earlier this month and not long after, Wayne did an extensive historical study of the ratio of new […]

This is a guest post by Wayne Whaley, CTA:
The ten day new high to new highs and new lows ratio (NH/NH+HL) is once again at historic highs (99-100%) this week. Below is my observation of this indicator and why it is a bullish omen.
Before I present the results, I would like to make the […]

The last time we checked in on Lowry Research was in October when they were continuing to be bullish (after arriving late to the party) but were cautious that the market could see a pull back.
Within a few days we got exactly the sort of correction Lowry predicted. The S&P 500 fell from 1090 to […]

2009 was the year of bonds. At least when it came to fund flows. US investors went wild for fixed income shifting mountains of assets from money markets, where they had sought safe harbor. This trend continued right up to the very end of the year.
Here are the total annual fund flows:

US Equity Mutual Funds: […]

Lowry Research is continuing to side with the longs as their proprietary indicator measuring demand in the stock market increased (slighly) and their selling pressure index fell (even more) into the end of the year and the beginning of the new year.
One of the key variables that Lowry Research is monitoring to measure the health […]