Invesco S&P 500 Equal Weight ETF (RSP)

* For emphasis… the market continues to narrow $SPY -0.29% $RSP – 0.19% $QQQ -0.46% $IWM -0.82% Positions: None

Res ipsa loquitor: $SPY -0.27% $QQQ -0.31% $RSP -0.71% $IWM -1.32% Fortunately I have FIN TV turned off and I don’t have to hear about the market’s broadening (not!) — and how healthy the top heavy market is. Position: Short SPY (VS), QQQ (VS)

* There is less that meets the eye in the U.S. stock market * Market breadth has a foul odor, the average stock is falling, crude oil and interest rates are rising and complacency reigns… The quote “there’s not much there there” comes from Gertrude Stein’s book Everybody’s Autobiography written about 90 years ago. The phrase …

It’s been a while since I provided an update on CNN’s (mine) Fear & Greed Index. So, let’s do it! The headline number of 38 is 11 points off the low of 27 set on 9/16. The stock market is up a bit in that time, too, but are we feeling less fearful? The stocks …

For those that celebrated the Jewish holiday I wanted to repost two columns from Monday. The first column is on the deteriorating breadth, updated for yesterday’s performance: Not Broadening * As previously noted (repeatedly by myself and The Divine Ms M), the market is narrowing — with the Russell not crowing and the equal weighted S&P …