Friends – Activity – Rick Borax

Seth Golden posted an update 10 months, 3 weeks ago

Las time we saw $SPX Bullish Percent Index this high, a tumble did we witness as SPX corrected 10%…

But for seasonality? And McClellan Oscillator was much higher in July than today?

Nonetheless, sentiment is in overbought territory at 80%

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Seth Golden posted an update 10 months, 4 weeks ago

J.P. Morgan on Wednesday’s late day sell-off:

“market volumes are light and it does not take much to get this market moving… especially considering that SPX flirted with ATHs today.” As such, once market makers and traders realize that today was nothing more than a successful attempt to take advantage of a massively overbought market, and let…[Read more]

Seth Golden posted an update 10 months, 4 weeks ago

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Seth Golden posted an update 11 months ago

Semiconductor Index vs. S&P 500 since 2002

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Seth Golden posted an update 11 months, 1 week ago

UBS’ Jonathan Golub 2024 S&P 500 Outlook = 4,850 by year-end

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Seth Golden posted an update 11 months, 1 week ago

BofA Savita Subramanean

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Seth Golden posted an update 11 months, 2 weeks ago

Until an investor accepts that down ⤵️ is opportunity and up ⤴️ is the reward, a perpetual cycle of fear and underperformance is more likely than not ~Seth Golden

Seth Golden posted an update 11 months, 2 weeks ago

Secular bearish narratives don’t usually start with, “The S&P 500 $SPX A/D Line closed at All Time High.” Breadth leads price. Pullbacks are part of long-term uptrends.