The Sigma Whole Market Index consolidated on Wednesday. The divergence between large cap indexes (s&p100, s&p500, nasdaq 100) and small & mid cap indexes (Russell 2000, S&P Small Cap 600, S&P Mid Cap 400, ...) becomes extreme and we need a catch up from one side or the other one.
Looking at the relative performance of large cap vs other sizes, we can notice that recent outperformance is unsustainable.
Looking at our indicators, the Sigma trend Index continues to climb (at '10'). We are still far from the key '34' level, but this is something we have to monitor.
The ST model computed new stop levels on all our positions:
Short Term Trading Book:
Medium Term Trading Book: