Tag Archives: SPX

S&P 500 – SPY Divergence Due to Dividend Distribution

On Friday, September 15, 2017, the S&P 500 gained 0.19% but SPY fell 0.4% due to payment of a $1.235 dividend. This divergence does not show on the adjusted SPY chart but if the unadjusted chart is used, there can … Continue reading

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Extremely Low Volatility Is Not A New Phenomenon

In the last three days the S&P 500 has moved less than 0.33% overall but this has also happened a few times in the 60s and 70s. Extremely low volatility in stock market indexes is not a new phenomenon but its … Continue reading

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There Are No Perpetual Trends

The U.S. equity markets are in their ninth year of gains after the bottom of the financial crisis in March 2009. On a quarterly basis, the S&P 500 has been up 80% of the time with only seven losing quarters in … Continue reading

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Indecision Pattern

In the last three days there is indecision in stock market price action with the S&P 500 forming an interesting pattern of inside/outside days. Although this particular pattern indicates a small bullish bias, careful analysis shows that it is actually … Continue reading

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What Ever Happened to Left Tail Events in S&P 500?

The term “tail event” appears frequently in financial literature but in the last 14 years there have only been two such events in S&P 500 during an uptrend with daily returns of -6.6% and -4.4% both during the 2011 correction, while … Continue reading

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VIX And Passive Investing Risk

The CBOE volatility index® VIX® is an instantaneous measure of expected fluctuations in S&P 500 in the next 30-days. This is an instrument for short-term traders. Passive investors should use different measures of risk. I offer an example.

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