The number of stocks hitting 52-week highs exceeds the number hitting lows and is at the upper end of its range, indicating extreme greed.
Last changed May 13 from a Greed rating
Updated May 22 at 8:15pm
Safe Haven Demand
Extreme Greed
Stocks have outperformed bonds by 6.61 percentage points during the last 20 trading days. This is close to the strongest performance for stocks relative to bonds in the past two years and indicates investors are rotating into stocks from the relative safety of bonds.
Last changed May 10 from a Greed rating
Updated May 21 at 8:00pm
Market Momentum
Extreme Greed
The S&P 500 is 9.38% above its 125-day average. This is further above the average than has been typical during the last two years and rapid increases like this often indicate extreme greed.
Last changed May 2 from a Greed rating
Updated May 23 at 7:00am
Stock Price Breadth
Extreme Greed
The McClellan Volume Summation Index measures advancing and declining volume on the NYSE. During the last month, approximately 3.85% more of each day's volume has traded in advancing issues than in declining issues, pushing this indicator towards the upper end of its range for the last two years.
Last changed May 9 from a Greed rating
Updated May 22 at 8:15pm
Junk Bond Demand
Extreme Greed
Investors in low quality junk bonds are demanding 2.55 percentage points in additional yield over safer investment grade corporate bonds. This spread is much lower than what has been typical during the last two years and indicates that investors are pursuing higher risk strategies.
Last changed May 1 from a Greed rating
Updated May 21 at 8:00pm
Put and Call Options
Greed
During the last five trading days, volume in put options has lagged volume in call options by 45.15% as investors make bullish bets in their portfolios. However, this among the lowest levels of put buying seen during the last two years, indicating greed on the part of investors.
Last changed May 20 from an Extreme Greed rating
Updated May 22 at 5:27pm
Market Volatility
Neutral
The CBOE Volatility Index (VIX) is at 13.98. This is a neutral reading and indicates that market risks appear low.
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