Thrasher Analytics

Thrasher Analytics

Benzinga Contributor

Small Cap Breadth Begins To Improve With Bullish Divergences Emerge On The S&P 600 Chart
Below is one of the many charts from this week’s Thrasher Analytics letter that was sent to subscribers on Sunday.
A Declining Number Of Stocks Are Outperforming The S&P 500
Below is one of the many charts from this week’s Thrasher Analytics letter that was sent to subscribers on Sunday.
Traders Keep Piling Into Natural Gas Futures
Energy has been a large topic in several of the recent Thrasher Analytics letters, both from a sector and commodity standpoint. One of the energy-related charts shared in Sunday’s letter to subscribers looked at the Commitment of Traders (COT) data for Natural Gas futures.
Pre-Election Seasonality Suggests August Could Be Bumpy For Equity Markets
Looking now at the seasonal patterns for equities, we'll start with an update on the pre-election data. Below are the prior pre-election years since 1995 along with the current year (shown in black). So far, this year has tracked well with most previous pre-election years and for the last three months, it has been the best performing pre-election year of the periods shown.
Low Sentiment But Improving Internals For The Energy Sector
In the sector sentiment section of the weekly Thrasher Analytics letter, I noted that XLE (ARCA: XLE) has seen a rise in breadth thrusts. This is a result of improving performance of individual energy stocks. However, sentiment remaining extremely low. Together, internals for the energy sector are improving but sentiment is ignoring it.
A Major Shake Up Is Coming For The Nasdaq 100
Something that's only happened one other time will be occurring again last this month. Nasdaq announced that on July 24th, they will be doing a special rebalance of the Nasdaq 100.
The Door Is Open For A Spike In Volatility
In 2017, I won the Charles H. Dow Award for my paper, “Forecasting a Volatility Tsunami.” In the paper, I discussed the relevance of dispersion in evaluating the Volatility Index (VIX). I found that nearly each spike in the VIX was led by a contraction in the dispersion of volatility.
Could The Energy Sector Get A Relief Rally After $2.35 Billion Head For The Exits?
Last week’s Chart of the Week looked at Large Traders getting long natural gas, and the commodity has continued to move higher - rising 6.9% on yesterday (Monday). This week’s chart looks at the other side of the coin, showing a heavy degree of selling in the energy sector, specifically energy ETFs.
Traders Continue To Get Long Natural Gas
This is an update on the natural gas chart I've been talking about in several Thrasher Analytics’ letters. I initially began discussing Natural Gas COT positioning when Large Traders went short. Historically, the price of nat gas has tracked with whether Large Traders were buying or selling in the futures market.
Sentiment Towards The Volatility Index Plummets To Single Digits
I discussed this week’s chart on Stock Market TV and again with Charles Payne on Fox Business on Monday afternoon. Equities have shown strength with the recent break above 4220 on the S&P 500 but sentiment towards the Volatility Index is reaching extreme levels.
Growing List Of Lagging Large Cap Stocks
Last week the list of new 6-month relative performance lows expanded from 49 to 56 while the new high list dropped from 18 to 7.