Louis Spector, CMT

Curriculum Director @ CMT Association | Technical Analyst | Portfolio Manager

[Louis Spector, CMT @LouisSpectorCMT]

Another all-time closing high for the Dow Jones Industrial Average. That's the 8th of the year.

[Louis Spector, CMT @LouisSpectorCMT]

@elpidaldo It is terrific that you are studying the material so closely. This is a mistake. I'm working to correct the material over the next few days.

The anchor for the horizontal count should be the lowest O in the pattern (58.76).

Thank you again for pointing this out.

[Louis Spector, CMT @LouisSpectorCMT]

@markcecchini Great list. Thank you. Perhaps place a credit freeze with all three bureaus to prevent identity theft?

[Louis Spector, CMT @LouisSpectorCMT]

Mag7 ETF breaking below key AVWAPs as relative strength deteriorates. Not a good look.

[Louis Spector, CMT @LouisSpectorCMT]

The S&P 500 is <0.5% above its 200-day moving average after 211 days above it.

What happens when runs this long finally break?

Find out here: https://t.co/DaPt8Pqrk8

https://t.co/eS6uLAckbh

[Louis Spector, CMT @LouisSpectorCMT]

@TimmerFidelity Beautiful! Where are you Jurrien? Did you see any trains?

[Louis Spector, CMT @LouisSpectorCMT]

New highs for large-, small-, and micro-caps...

[Louis Spector, CMT @LouisSpectorCMT]

S&P 500 back into the "bullish momentum range."

[Louis Spector, CMT @LouisSpectorCMT]

After 138 trading days, SPX just ended its longest run above the 50-day moving average since the 2009 bottom.

[Louis Spector, CMT @LouisSpectorCMT]

The VIX futures curve flipped into backwardation. Short-term stress priced above long-term calm.

What matters next:
1) Spot VIX retreats, the storm has passed
2) Longer dated futures drop and front stays high, stress is more persistent
3) Inversion lingers, uncertainty remains

[Louis Spector, CMT @LouisSpectorCMT]

@CMTAssociation @BruniCharting @Todd_Sohn @daChartLife @OANDA @Stocktwits

[Louis Spector, CMT @LouisSpectorCMT]

@scottcharts Glad to see high-yield spreads turning lower here, negating that potential divergence.

[Louis Spector, CMT @LouisSpectorCMT]

Our relative sector positioning versus the S&P 500 was unchanged this month. No shifts in overweight, underweight, or zero-weight stances. The model remains overweight XLU, XLK, XLI, XLF, XLC; underweight XLY, XLP, XLB; and out of XLV, XLRE, and XLE.

[Louis Spector, CMT @LouisSpectorCMT]

In the large-cap space, technology closed last month at a 12-month high in price and relative strength. Also, 12-month price highs from XLI and XLU.

My CedarCore sector model is running overweight: XLC, XLI, XLK, XLF, and XLU.
Underweight or out: XLB, XLE, XLP, XLRE, XLV, XLY.

[Louis Spector, CMT @LouisSpectorCMT]

@SamRo Fundamentals!

[Louis Spector, CMT @LouisSpectorCMT]

Strength from small and large caps since the April low.

[Louis Spector, CMT @LouisSpectorCMT]

@jonathanharrier Thank you! And it seems to be a very good sign for them, too. Interestingly, to start this month, one of my ETF momentum models just shifted into a mid-cap growth ETF.

[Louis Spector, CMT @LouisSpectorCMT]

The Value Line Geometric Avg. tracks ~1,700 N. American stocks and uses a geometric mean to better reflect broad participation vs. cap-weighted indexes.

Just closed above its 52-wk avg, historically bullish for the S&P 500 since 1975, and is breaking out of a multi-year base.

[Louis Spector, CMT @LouisSpectorCMT]

With small caps now above their 200-day moving averages alongside mid and large caps, this marks a constructive development across capitalization tiers. The percentage of S&P 1500 stocks trading above their own 200-day averages is also back above 50%.

[Louis Spector, CMT @LouisSpectorCMT]

High yield spreads just slipped below the 200-day. A narrowing spread = rising confidence. Historically, that's a better-than-average bullish backdrop for S&P 500. Worth watching.