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Stock Market Pullback that's largely driven by Tech and Growth Stocks :: The Market Oracle :: marketoracle.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketoracle.co.uk Daily Mail and Mail on Sunday newspapers.
Past market bottoms saw a higher Corporate Insider Buy/Sell ratio. More room for stocks to fall before a bottom? pic.twitter.com/4vwkil8lXr $AAPL The selling continues… When Former Leaders can t get a break even when the Market rallies then you know the bubble has popped t.co/9OCt4A45t9 Just to put things into perspective: Nasdaq now in correction territory as Tech index has dropped 10.5% from ATH in February. pic.twitter.com/qDknsr8djI 1,010 views ....
What a week it has been! Various markets saw noticeable declines on news of rising yields. The strong upward trend for stocks is finally taking a long-overdue breather and so is extreme sentiment. Let’s look at some bullish and bearish factors to give us a better idea of what the markets are doing. VIX spike VIX spiked more than 35% on a day when the S&P 500 fell less than 2.5%. This is a nervous market… This is also an unusual occurrence with only 7 other similar cases since 1990. Historically, this was a bullish sign for stocks over the next 9-12 months. ....
This bull market is unique because unlike past bull markets, this one began with extreme speculation. Historically, extreme speculation occurred at the end of multi-year bull markets. This is why the markets are currently exhibiting extremely bullish signs (e.g. breadth today is similar to what you see at the start of multi-year bull markets) and extremely bearish signs (e.g. speculation today is similar to what you see at the end of multi-year bull markets). How do we reconcile these two opposites? Let’s take a look at some bullish & bearish factors: Subsiding volatility VIX closed below 20 for the first time in almost a year. The past year was a nervous one for markets: stocks rallied, but investors and traders were consistently on edge. ....