Stocks Unquestionably Hesitant, But Is That Bearish? [SPDR S&P 500 ETF Trust] - Seeking Alpha

Stocks Unquestionably Hesitant, But Is That Bearish? [SPDR S&P 500 ETF Trust] - Seeking Alpha



Here is another very good article by Chris Ciovacco about why we are not in a 1929 crash situation currently.  Certainly, the stock market cannot seem to go much higher, but Chris made a good point that IWO small caps compared to the S&P 500 are staying strong.  The IWO versus S&P 500 chart of 2008 shows what real trouble looks like.  The 2008 chart shows a clear downtrend while the 2014 chart is positive.  Also, the recent Chicago Federal Reserve National Activity Index (CFNAI) was just -.39 while a really bad economic figure would be -1.00 or greater.