Corporate Buybacks Set Records. Corporations are repurchasing their own stocks in the open market at record levels. An illuminating chart from a recent research piece by Yardeni Research called “Stock Market Indicators: S & P 500 Buybacks & Dividends” is presented below. (https://www.yardeni.com/pub/buybackdiv.pdf). The figures in these charts indicate a couple of very key takeaways: […]
Cisco Advances As Other Big Cap Techs Slump Cisco Systems (CSCO) is now practically alone among Nasdaq 100 large capitalization technology stocks. Not only does it remain in a strong uptrend, but one that’s accelerating. This raises the question of why now? Technology companies were completing THEIR “Parabolic Uptrends” last summer. Most of those are […]
The Dow Jones Is Price Weighted, Giving Certain Components Disproportionate Influence. The Dow Jones Industrial Average (Dow) is the oldest and most prestigious stock index. It’s methodology of calculation is also one of the strangest. While nearly all indexes are market capitalization weighted, the Dow is “Price” weighted. Price weighting means that a $30 component […]
Megaphone Madness Reverse Waves, (also known as Megaphone Patterns), have been identified in several key, equity indexes. For a brief discussion of “Reverse Waves” see “Tipping Point or Tripping Point? Equities Surge To New Highs (https://markonomics101.com/2018/08/22/tipping-point-or-tripping-point-equities-surge-to-new-highs/)
