05/10/2014 Weekend Update

[jademann]

Interesting chart, weakening new highs but no fear (yet)

http://stockcharts.com/h-sc/ui?s=$NYHLR ... 8714051968

[rpccharts]

MID TERM ELECTION YEARS

[fehro]

Looking back at RUT and SPX and their 200 MAs in June 1998: the pattern of both indices looks quite similar to May 2014

The attachment 98.png is no longer available

I'm glad you noticed that slight divergence from your early graph. SPX makes new high as RUT makes new lows on the above chart (1987). Just out of interest.. I though I'd check the AAII survey at that time and see if there's any correlation.. if you really want to stretch it... On Oct 16, 1997 when the report came out assuming prior to morning open, as per usual.. the sentiment was neutralish... which is where we are now! The BULLISH max and BEARISH lows are no where near to the Max's in 1987. And since it AAII was founded in 1978, the data they provide starts in June 1987.. so not sure how large the sample size or how accurate the early data would be. The Max/Mins in 2013 (not surpassed yet in 2014) are in green/red. To download your own spreadsheet, click the link at the bottom of the page: http://www.aaii.com/sentimentsurvey/sent_results

[tsf]

Looking back at RUT and SPX and their 200 MAs in June 1998: the pattern of both indices looks quite similar to May 2014

98.png

I'm glad you noticed that slight divergence from your early graph. SPX makes new high as RUT makes new lows on the above chart (1987). Just out of interest.. I though I'd check the AAII survey at that time and see if there's any correlation.. if you really want to stretch it... On Oct 16, 1997 when the report came out assuming prior to morning open, as per usual.. the sentiment was neutralish... which is where we are now! The BULLISH max and BEARISH lows are no where near to the Max's in 1987. And since it AAII was founded in 1978, the data they provide starts in June 1987.. so not sure how large the sample size or how accurate the early data would be. The Max/Mins in 2013 (not surpassed yet in 2014) are in green/red. To download your own spreadsheet, click the link at the bottom of the page: http://www.aaii.com/sentimentsurvey/sent_results

Thank you, uempel and fehro.
Dr Brett also wrote about Russell 2000 this weekend. In the past, small cap under-performance has meant
superior long-term returns.
http://traderfeed.blogspot.ca/2014/05/u ... small.html

[StudentBill]

http://online.wsj.com/news/articles/SB1 ... 2107278394

Could this spark a rally?

[TWT]

$GOOGL: There is a Double Bottom "project". Worth seeking a long entry