Terry Steffen

Statistics geek, retired from career in finance. Former Visicalc and Lotus 1-2-3 user. Blessed to be a grandpa. Tweets are not investment advice.

[Terry Steffen @steff147]

If you're not following @TimmerFidelity you should be. As he points out, equal weight S&P ($RSP) looks much better than $SPY. I like the 21-50 MA's for a trend view. This looks healthy and ready for new highs.

[Jurrien Timmer @TimmerFidelity]

The fundamentals for the SPW remain attractive as well, with the index trading at 16x n12m EPS and the payout (PO) growing faster than earnings (leaving a payout ratio of 74%, which is higher than the cap-weighted index.

[Terry Steffen @steff147]

Our West Michigan sunset a few nights ago. This fall has had the nicest weather that I can remember. Just amazing.

[Terry Steffen @steff147]

Here is the sector breakdown of the 2 major exchange composites. Quite a difference.

[Terry Steffen @steff147]

50bps rate cut? Whoa Nelly.

[Terry Steffen @steff147]

Rotating between $XLV and $QQQ appears to have worked pretty well recently. I'm sure this could be improved with testing.

[Terry Steffen @steff147]

The 2 most important words in this quote "forward projected". Not to take away from the point of the chart but things can change as the future plays out (elections, etc).

[Daily Chartbook @dailychartbook]

"The Nasdaq 100 now trades at a multiple of blended 12-month forward projected earnings that it hasn’t seen since Covid’s worst days"

@johnauthers

[Terry Steffen @steff147]

Good advice for a flood..."GET YOUR WINDOW DOWN before electronics die, you have about 30 seconds".

[Ginger Zee @Ginger_Zee]

That’s me on top of a vehicle in a simulated flash flood — this morning on @GMA you saw important tips— but #1 — GET YOUR WINDOW DOWN before electronics die, you have about 30 seconds. Catch the whole story this morning. Many thanks to the whole crew at the North Carolina Emergency Training Center.

[Terry Steffen @steff147]

A good summary of where we are now.

[Grant Hawkridge @granthawkridge]

The S&P 500 fell 4.36% Thursday, then rallied 2.35% Monday.

Big rallies can happen in bad markets. Look at where the green and red dots cluster.

Is the selling over??

https://t.co/dQGUXFFBKg

[Terry Steffen @steff147]

It was 51 years ago today that a major Michigan historical event took place. (article from 2024)
https://t.co/J3muGspnfC

[Terry Steffen @steff147]

Other than Energy, all sectors are very green.

[Terry Steffen @steff147]

Here's what I show for % change in the 1 and 5 days following the dates.

[Steve Deppe, CMT @SJD10304]

$VIX jumps 7 full percentage points but finishes the session under 30?

All we've got:

11/5/2026*
12/18/2024
11/26/2021
2/25/2021
2/24/2020
10/10/2018
6/24/2016
8/21/2015
2/27/2007

[Terry Steffen @steff147]

Sectors are red across the board.

[Terry Steffen @steff147]

This is why traders hate gaps. Any move that is mostly gap is vulnerable to this kind of action.
$DIA

[Terry Steffen @steff147]

@GretasGotaGun Thanks. I was hoping someone would chime in with an explanation. Hate to say it be yesterday looks like it could be a head-fake. That so often happens with news reaction moves.

[Terry Steffen @steff147]

Index futures trade 24 hours but the sell-off started when the stocks started trading.

[Terry Steffen @steff147]

The biggest question on the table at the moment is whether this AI correction remains contained or whether it drags the entire market into a sell off.

[Terry Steffen @steff147]

It's dangerous to say "it's different this time" when it comes to the stock market but the fact is we are in uncharted waters. Passive cap weighted indexes are really momentum plays at the heart and this latest situation has created an extreme never before seen.

[Terry Steffen @steff147]

@JamesFromAustin I'm clueless as to the future of AI from a profit perspective but thankfully my weekly rotation moved on from these a while back now. RS ranking is self correcting in times like these ( which is good for clueless folks like me).

[Terry Steffen @steff147]

$SPY was up 1.65% yesterday. But here are the 5 most active S&P stocks making up 1/3 of the entire days trading volume.