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Daily Report : TradingEdge Weekly for Jan 3 - Poor participation, post-election seasonality, energy snapback

Jason Goepfert
2025-01-03
This week, we saw that the S&P 500 has been holding well above its 200-day moving average, but fewer of its member stocks are holding above their average than should be. Perhaps in recognition of the poor participation, investors have sent stocks to back-to-back losses, rare for this time of year. To start the New Year, the dollar and metals have tended to see strength. Energy stocks are trying to mount a come-back.
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TradingEdge Weekly for Jan 3 - Poor participation, post-election seasonality, energy snapback: This week, we saw that the S&P 500 has been holding well above its 200-day moving average, but fewer of its member stocks are holding above their average than should be. Perhaps in recognition of the poor participation, investors have sent stocks to back-to-back losses, rare for this time of year. To start the New Year, the dollar and metals have tended to see strength. Energy stocks are trying to mount a come-back.

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Research

TradingEdge Weekly for Jan 3 - Poor participation, post-election seasonality, energy snapback

By Jason Goepfert

BOTTOM LINE
This week, we saw that the S&P 500 has been holding well above its 200-day moving average, but fewer of its member stocks are holding above their average than should be. Perhaps in recognition of the poor participation, investors have sent stocks to back-to-back losses, rare for this time of year. To start the New Year, the dollar and metals have tended to see strength. Energy stocks are trying to mount a come-back.

FORECAST / TIMEFRAME
None

Sentiment Risk On / Risk Off Overview

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% Showing Pessimism: 14%
Bullish for Stocks
Inverse ETF Volume
SPY Liquidity Premium
Rydex Sector Breadth
Equity Put/Call Ratio
S&P 500 Down Pressure
OEX Put/Call Ratio
Mutual Fund Flow (no ETFs)
CSFB Fear Barometer
% Showing Optimism: 28%
Bearish for Stocks
ISE Equity Call/Put Ratio
Rydex Ratio
Rydex Money Market %
ISE Call/Put Ratio
% Showing Excess Optimism
SKEW Index
AAII Allocation - Stocks
Retail Money Market Ratio
Options Speculation Index
LOBO Put/Call Ratio
ROBO Put/Call Ratio
Equity Hedging Index
NYSE Available Cash
Mutual Fund Cash Level
Equity / Money Market Asset Ratio

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Sector ETF's - 10-Day Moving Average
Country ETF's - 10-Day Moving Average
Bond ETF's - 10-Day Moving Average
Currency ETF's - 5-Day Moving Average
Commodity ETF's - 5-Day Moving Average
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