Tuesday, March 14, 2017

Weakness could be developing


Thursday, March 9, 2017

RYNVX big change in market cap again

Updates in BLUE - RYNVX market capitalization increased $172Mil today, 3/9/17

RYNVX - Rydex Nova Fund Investor Class (Long Fund)

RYNVX    3-11-09  $22Mil     5-14-15  $177Mil           9-4-15       $53Mil 
                                                                                    9-14-15      $52Mil
                                                                                  10-26-15    $140Mil
                                                                                  11/27/15     $182Mil
                                                                                  12/10/15     $187Mil
                                                                                  12/29/15     $189Mil
                                                                                   1/15/16        $51Mil
                                                                                   1/19/16        $37Mil
                                                                                   2/18/16        $37Mil
                                                                                   3/11/16        $52Mil
                                                                         3/14/16      $159Mil
                                                                                    3/1/17       $316Mil
                                                                                    3/3/17       $148Mil 
                                                                                    3/9/17       $319Mil
 
Note  The RYNVX increased $172Mil today, 3/9/17.  That is a whopping increase of $172Mil in market capitalization.  This could be interpreted as some were fearful of not being long in this Nova Fund. Is that fear bearish for the market?  It is possible that this "could" have come from some stock market newsletter writer advising their clients to buy.

When this Long Fund has big changes in market cap in a very short time frame, as it just did on 3/1/17, 3/3/17 & 3/9/17, not very sure if this will have any influence in the market.  We will keep an eye on this and let you know what happens.

Large & small dollar amounts of market cap in the RYNVX long fund displays Greed & Fear in the market...

Keep following JustSignals using Twitter, @StockTwits or Follow By Email. 
Just submit your email address in the box on the Blog homepage
This has been posted for Educational Purposes Only.   Do your own work and consult with Professionals before making any investment decisions.  
Past performance is not indicative of future results

Wednesday, March 8, 2017

NYSE McClellan SI

Courtesy of StockCharts.com
In the above chart, there are red vertical lines in recent similar periods in the last 24 months.  Subsequent to these periods the market had bounced up before continuing the trend down.

Keep following JustSignals using Twitter, @StockTwits or Follow By Email. 
Just submit your email address in the box on the Blog homepage
This has been posted for Educational Purposes Only.   Do your own work and consult with Professionals before making any investment decisions.  
Past performance is not indicative of future results

Tuesday, March 7, 2017

More new lows than new highs < 1% from new ATH

Courtesy of Twitter
Above info is just an FYI ...

Keep following JustSignals using Twitter, @StockTwits or Follow By Email. 
Just submit your email address in the box on the Blog homepage
This has been posted for Educational Purposes Only.   Do your own work and consult with Professionals before making any investment decisions.  
Past performance is not indicative of future results

Saturday, March 4, 2017

RYNVX Had a Large Change in Market Cap

Updates in BLUE - RYNVX market capitalization dropped $168Mil Friday 3/3/17

RYNVX - Rydex Nova Fund Investor Class (Long Fund)

RYNVX    3-11-09  $22Mil     5-14-15  $177Mil           9-4-15       $53Mil 
                                                                                    9-14-15      $52Mil
                                                                                  10-26-15    $140Mil
                                                                                  11/27/15     $182Mil
                                                                                  12/10/15     $187Mil
                                                                                  12/29/15     $189Mil
                                                                                   1/15/16        $51Mil
                                                                                   1/19/16        $37Mil
                                                                                   2/18/16        $37Mil
                                                                                   3/11/16        $52Mil
                                                                         3/14/16      $159Mil
                                                                                    3/1/17       $316Mil
                                                                                    3/3/17       $148Mil
 
Note  The RYNVX dropped to $148Mil on Friday 3/3/17.  That is a whopping drop of $168Mil in market capitalization.  This could be interpreted as some were fearful of being long in this Nova Fund. Is that fear bullish for the market?  It is possible that this "could" have come from some stock market newsletter writer advising their clients to sell.

When this Long Fund has big changes in market cap in a very short time frame, as it just did on 3/1/17 & 3/3/17, not very sure if this will have any influence in the market.  One scenario is that the market continues to grind up and these investors that just sold their long position in this fund come back and buy again.  We will keep an eye on this and let you know what happens.

Large & small dollar amounts of market cap in the RYNVX long fund displays Greed & Fear in the market...

Keep following JustSignals using Twitter, @StockTwits or Follow By Email. 
Just submit your email address in the box on the Blog homepage
This has been posted for Educational Purposes Only.   Do your own work and consult with Professionals before making any investment decisions.  
Past performance is not indicative of future results

Friday, March 3, 2017

RYNVX had a large change in Market Cap

Updates in BLUE - RYNVX inched closer to another extreme reading

RYNVX - Rydex Nova Fund Investor Class (Long Fund)

RYNVX    3-11-09  $22Mil     5-14-15  $177Mil           9-4-15       $53Mil 
                                                                                    9-14-15      $52Mil
                                                                                  10-26-15    $140Mil
                                                                                  11/27/15     $182Mil
                                                                                  12/10/15     $187Mil
                                                                                  12/29/15     $189Mil
                                                                                   1/15/16        $51Mil
                                                                                   1/19/16        $37Mil
                                                                                   2/18/16        $37Mil
                                                                                   3/11/16        $52Mil
                                                                         3/14/16      $159Mil
                                                                                    3/1/17       $316Mil

Note  The RYNVX is now near another potential extreme.  It is currently at $316Mil.

*This is a hint that a turn in the market "maybe" near.  Looking for more evidence.

This large market cap in the RYNVX long fund displays greed in the market...

Keep following JustSignals using Twitter, @StockTwits or Follow By Email. 
Just submit your email address in the box on the Blog homepage
This has been posted for Educational Purposes Only.   Do your own work and consult with Professionals before making any investment decisions.  
Past performance is not indicative of future results

Tuesday, February 28, 2017

chart: Three White Soldiers on DJIA weekly

Courtesy of StockCharts.com
By Investopedia

BREAKING DOWN 'Three White Soldiers'

These long-bodied candlesticks are a sign of the change in investor sentiment and are used by traders to confirm a shift in momentum. This pattern may form after a period of consolidation, which is still a valid sign of a move higher, but it is not as desirable as it would be if it were found at the end of a prolonged downtrend.

Comment by JustSignals
In the chart above the three white soldiers formed after a muti week consolidation period from the beginning of Dec 20016 to mid Jan 2017.

Keep following JustSignals using Twitter, @StockTwits or Follow By Email. 
Just submit your email address in the box on the Blog homepage
This has been posted for Educational Purposes Only.   Do your own work and consult with Professionals before making any investment decisions.  
Past performance is not indicative of future results