Daily Report : As Nasdaq indexes rallied, oddities have risen; Energy stocks show another washout

Even as the Nasdaq 100 (and broader Nasdaq) rallied to record highs, options traders have been pricing in higher volatility going forward, so there has been a positive correlation between the NDX and VXN. Breadth momentum has slowed, too, so the McClellan Oscillator was negative. Combined with Monday's price reversal, it suggests caution.; By late last week, every energy stock was trading below its 10-, 50-, and 200-day moving average. Other times the sector saw a complete lack of uptrends, it typically rallied in the months ahead. Same for when there were very quick changes in medium-term trends like we've seen over the past 30 days, as insiders keep buying.

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