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27 May 2024

$RSP (S&P Equal-weight) vs. $SPX (S&P 500) just broke key support level

Source: Ian McMillan

24 May 2024

Divergence between DJ Transports and S&P500 is something to watch.

The former is seen as a reliable indicator of domestic activity Source: Lawrence McDonald, Bloomberg

23 May 2024

S&P 500 is up 11.6% in the first 98 trading days of 2024, the 19th best start to a year going back to 1928.

$SPX Source: Charlie Bilello

21 May 2024

Not all new highs are the same.

Awesome chart from @sonusvarghese thru Ryan Detrick here. End of March, SPX up 10.2% YTD. Only 3.1% from EPS growth and the rest (7.1%) was from multiple expansion. On 5/15, SPX up 11.1% YTD. Now 5.3% from EPS growth and 6.0% from multiple expansion.

16 May 2024

BREAKING: The S&P 500 has just hit its 23rd all time high this year and is now up 29% since October 2023

This means that the S&P 500 has officially added $10 TRILLION in market cap since its October 2023 low. The index is now up 11.5% in 2024 even as a total of four interest rate cuts have been priced-out since January. We are on track to see the most all time highs in a year since 2021. Over the last 12 years, the S&P 500 has hit 370 all-time highs, which is more than any 12-year period in history. $SPX Source: Charlie Bilello, The Kobeissi Letter

16 May 2024

S&P 500 $SPX hits all-time high

Source: Barchart

15 May 2024

Positive market breadth ALERT

77% of S&P 500 stocks are now trading above their 200-day moving average, one of the highest levels in the last 2 years Source: Barchart

14 May 2024

Positive market breadth ALERT >>>

77% of S&P 500 stocks are now trading above their 200-day moving average, one of the highest levels in the last 2 years Source: Barchart

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