Invesco S&P 500 Equal Weight ETF (RSP)

Despite pleas of broadening out, the equity market is teetering on a disbroadening.Here were yesterday’s stats: * $SPY -0.29% * $QQQ +0.27% * $IWM -0.89% * $RSP -1.22% To me, key to the broadening-out thesis would be continued strength in financials, which was nowhere to be found: * $JPM -$8 * $C – $3 …

The observation that I made over the last few days — that the equal-weighted S&P and the Russell were underperforming — has been reversed today: SPY +1.39% QQQ +1.35% IWM +2.66% RSP +1.53% Position: Short SPY common (S), QQQ common (S)

* The market is balancing on a few stilts, hoping nobody notices (the high wire act) * It is Tom Lee's world... This week I sold out the balance of all of my technology (AMZN, META, MSFT, GOOGL) and financial longs (BAC, C, WFC, AXP, MS) on substantial ...

I previously observed the non participation in the Russell IWM and Equal Weight S&P Index RSP. What was flat performance in IWM and RSP is now an outright decline. Coupled with the mediocre market breadth... we are perhaps seeing some signposts of exhaustion at/near an ...

Amazingly, RSP (equal weighted S&P), and IWM are essentially flat today. Machines and algos (not affected by where stocks have been or how stocks are valued) — geared towards momentum — rule the market landscape. This is not my father's market. Position: None