Ian Woodward's Investing Blog

Stock Market: In the Monotonous Doldrums!

When the number of hits on my blog are less in the United States than the rest of the world I can tell that investors are taking vacations and given up on this market until there is some exciting news one way or another to wake them up.  I say be patient as you have only ten more days to wait for fresh NEWS to jolt this market one way or another:

Still, my friends in Singapore, United Kingdom, Switzerland and Canada top the list from abroad this morning, so here is a mid week assessment of where we stand:

Here is an updated picture for the last week on %B for the S&P 1500 which shows that we are dwadling around waiting for news from Draghi, Jackson Hole and the Jobs Report:

…And here is the picture for the Accumulation and Distribution statistics, which shows more of the same:

So there you have it…can’t make a silk purse out of a sow’s ear as the saying goes, but an update is always worthwhile.

Best Regards,

Ian.

2 Responses to “Stock Market: In the Monotonous Doldrums!”

  1. Richard B Says:

    Thank you as ever for sharing your observations Ian.

    It’s interesting how tight the bandwidth has become on some indexes. Does this suggest a “squeeze” that might result in quite a fast move in one direction or the other?

  2. ian Says:

    You have hit the nail right on the head, Richard. Good Man. When I looked at the numbers for the last three days I noticed they were very tight…for the S&P 1500 the numbers are 0.04 to 0.03 to 0.02 for bandwidth! As the song goes “Somethings got to give.” We should know within the next six trading days.

    Ian.

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Disclaimer: Commentaries on this Blog are not to be construed as recommendations to buy or sell the market and/or specific securites. The consumer of the information is responsible for their own investment decisions.