warrenpies.bsky.social
@warrenpies.bsky.social
WHEN BOTTOM?

I'd really like to see inverse ETF volume (i.e. dumb money indicator) surge to 50% before calling a potential bottom.

After yesterday's update, this number hit 43%.

Not enough retail panic yet imo...
April 4, 2025 at 1:18 PM
S&P 500 - LEADERSHIP

Currently, Utilities and Energy sectors are leading the S&P 500 on a 1-yr and 1-qtr basis respectively.

Historically, this is not healthy leadership for the market.

To get back into "gear," mkt needs Tech, Financials, or Industrials to take leadership.
March 29, 2025 at 6:40 PM
First post here!

NEW HOME SALES - 610k (SAAR)

This is the lowest print since 2022.

Completed new home inventories continue to build. Watch for national homebuilders to hit the brakes on starts going into 2025.

U.S. housing market continues to struggle w/ 7% mortgages.
November 26, 2024 at 3:48 PM