Invesco S&P 500 Equal Weight ETF (RSP)

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

* The market's top-heavy condition is nearly unprecedented * The S&P Index should be renamed 'The Nvidia and Friends Index' * In yesterday's session, 80% of the S&P Index closed lower (398 issues ended red, only 102 issu…