Market breadth indicators have been giving very different messages from price analysis for quite some time. FGIC has been declining since the beginning of May, even though the S&P has rallied over 8% since then.
The two pullbacks of the S&P in July and August pushed FGIC below the –8 level, the upper border of extreme fear readings. It was peculiar that those minor pullbacks from the historic highs of the S&P created levels of concern equal to the worst corrections of the past six years.
Typically, a FGIC lunge from extreme fear readings is accompanied by a wave of Spike Bounce signals.
As the S&P reached new all-time highs at the end of the week, FGIC finally shook off its extreme fear readings.
While the S&P’s has been surging to new highs, it saw only one "fearless" day in the last five weeks. The rest of the time FGIC has remained in its extreme fear zone, which it entered 40 days ago. The average stay there during the past five years was 63 days.
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Our Password course focuses on key trading techniques. Each session lasts about an hour, including a carefully prepared presentation and Q&A. Alex and Kerry take turns teaching Password classes for Members. Our latest class was – Trading False Breakouts – taught by Alex – details below.Access to the class cost $50 for non-members, but now until August 22, 2021 you can view its recording and its PDF free with a deeply discounted membership.
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We’re happy to announce that the recording of our latest Password class taught by Alex “Trading False breakouts” is now in Video Vault.To view this recording and its PDF please click on the Education tab – click on Video Vault – click on Password folder. Free access for all Members (including Trials) until August 22, 2021. Please see details below…
FGIC in its extreme fear zone, with the markets at all-time highs is something that never happened in the past: a signal of how the current markets are to be handled with great care.
Our Password course focuses on key trading techniques. Each session lasts about an hour, including a carefully prepared presentation and Q&A. Alex and Kerry take turns teaching Password classes for Members. Our latest class was – Trading False Breakouts – taught by Alex – details below.Access to the class cost $50 for non-members, but now until August 22, 2021 you can view its recording and its PDF free with a deeply discounted membership.
We’re happy to announce that the recording of our latest Password class taught by Alex “Trading False breakouts” is now in Video Vault.To view this recording and its PDF please click on the Education tab – click on Video Vault – click on Password folder. Free access for all Members (including Trials) until August 22, 2021. Please see details below…