Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

U.S. Indices Update: Money Flow, Moving Averages And Risk Appetite

Published 09/04/2017, 12:24 AM
Updated 07/09/2023, 06:31 AM

Further to my post of August 20, the Russell 2000 Index gained the most, in terms of percent, during the past two weeks, as shown on the following graph of the Major Indices for that time period.

Major US Indices Performance 21 August-1 September 2017

It also rallied and closed above its 50 and 200-day moving averages, as shown on the following Daily chart.

RUT Daily Chart

The following 1-Year Daily charts of the Major Indices show the RUT, TRAN, TRANQ have been lagging behind the other indices, so far, this year.

Major Indices 1-Y Charts

Compared to where the percentages of stocks in those Major Indices were trading above various moving averages two weeks ago (and two weeks prior to that), you can see on the following tables (Source: barchart.com) where buyers put their money and propped up stocks above their 50-day moving averages, for example.

The only two indices whose percentages are now higher than their 50 MA from where they were one month ago (pre-erosion experienced two weeks ago), are the Dow Jones Utilities and the Nasdaq 100 — suggesting these may be the two areas to watch for potential strength during the coming days/weeks, along with the Russell 2000 — in order to hedge against risk-on with less riskier stocks.

More S&P Indexes

Russell Indexes
Other Indexes

We'll see how much risk buyers are willing to add in light of Sunday's hydrogen bomb test by North Korea, and resultant major (6.3) and smaller (4.1) earthquakes that occurred there...and whether any future larger-scale nuclear activity in NOKO triggers a series of potentially devastating major earthquakes in other countries in the Pacific Rim...and, what about radiation fallout?

At the time of writing, U.S. E-mini Futures Indices are down. Gold Futures are up and may be taking another run up to, and breakout above, its reverse Head & Shoulders neckline around 1376, as I described in this article.

Earthquake Map

Top News

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.