Trk的个人主页 - 老虎社区

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2021-07-26

$Lion-OCBC Sec HSTECH S$(HST.SI)$🥲

2021-05-11

$Lion-OCBC Sec HSTECH S$(HST.SI)$Huhuhu :(

2021-03-26

Good news for banks!

抱歉，原内容已删除

2021-03-26

Yes!

Fed Lifting Limits on Bank Dividends and Share Repurchases<blockquote>美联储取消银行股息和股票回购限制</blockquote>

2021-03-26

Anybody know why singtel is up 3% today?

2021-03-26

$Bank of America(BAC)$continue upwards

2021-03-26

Please like and comment! Will do the same for you.

Stay bullish on the stock market in the face of some fresh sell signals<blockquote>面对一些新的卖出信号，保持看涨股市</blockquote>

2021-03-25

Hang in there! Is this a good opportunity to buy in?

The Hang Seng Index fell 1.04% at the opening. Baidu Group fell more than 9%<blockquote>恒生指数开盘跌1.04%。百度集团跌超9%</blockquote>

2021-03-25

$Lion-OCBC Sec HSTECH S$(HST.SI)$Still holding on! Should I add more units?

2021-03-24

$Lion-OCBC Sec HSTECH S$(HST.SI)$Dropped again today

2021-03-23

$Lion-OCBC Sec HSTECH S$(HST.SI)$Bought on dip

2021-03-23

Is it still a good buy? Like and comment thanks

抱歉，原内容已删除

2021-03-23

$Lion-OCBC Sec HSTECH S$(HST.SI)$Jiayou

2021-03-18

Like please~

抱歉，原内容已删除

2021-03-18

$Bank of America(BAC)$better late than nenever?

2021-03-15

$Lion-OCBC Sec HSTECH S$(HST.SI)$Justbought in !

去老虎APP查看更多动态

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href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>Huhuhu :(","listText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>Huhuhu :(","text":"$Lion-OCBC Sec HSTECH S$(HST.SI)$Huhuhu :(","images":[{"img":"https://static.tigerbbs.com/9e47c7882979c9d6cb86e0f5b9d1b70b","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/199863711","isVote":1,"tweetType":1,"viewCount":1595,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":358772305,"gmtCreate":1616736237707,"gmtModify":1634524280855,"author":{"id":"3575601035249258","authorId":"3575601035249258","name":"Trk","avatar":"https://static.tigerbbs.com/6c696f57ad24f93a635678126f3d58bb","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575601035249258","authorIdStr":"3575601035249258"},"themes":[],"htmlText":"Good news for 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banks!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/358772305","repostId":"1160028272","repostType":4,"isVote":1,"tweetType":1,"viewCount":1321,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":358776876,"gmtCreate":1616736151295,"gmtModify":1634524281453,"author":{"id":"3575601035249258","authorId":"3575601035249258","name":"Trk","avatar":"https://static.tigerbbs.com/6c696f57ad24f93a635678126f3d58bb","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575601035249258","authorIdStr":"3575601035249258"},"themes":[],"htmlText":"Yes!&nbsp;","listText":"Yes!&nbsp;","text":"Yes!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/358776876","repostId":"1140607641","repostType":4,"repost":{"id":"1140607641","kind":"news","pubTimestamp":1616721140,"share":"https://www.laohu8.com/m/news/1140607641?lang=zh_CN&edition=full","pubTime":"2021-03-26 09:12","market":"us","language":"en","title":"Fed Lifting Limits on Bank Dividends and Share Repurchases<blockquote>美联储取消银行股息和股票回购限制</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1140607641","media":"thestreet","summary":"The Federal Reserve said after the bell Thursday that it plans to lift restrictions on bank dividend","content":"<p>The Federal Reserve said after the bell Thursday that it plans to lift restrictions on bank dividends and share buybacks for most firms after June 30.</p><p><blockquote>美联储周四盘后表示，计划在6月30日之后取消对大多数公司的银行股息和股票回购的限制。</blockquote></p><p> The temporary restrictions, imposed as the coronavirus pandemic forced economic shutdowns, limited banks’ ability to raise their dividends and execute share buyback plans.</p><p><blockquote>由于冠状病毒大流行迫使经济停摆而实施的临时限制限制了银行提高股息和执行股票回购计划的能力。</blockquote></p><p> However, with the economy gathering steam and unemployment claims continuing to fall, the Fed said it would lift the restrictions on banks with capital levels above those required by the stress tests currently underway. The Fed’s stress tests examine major banks’ balance sheets and their ability to withstand unusual financial events, including sharp market drops and abrupt housing price declines.</p><p><blockquote>然而，随着经济势头增强和失业救济人数持续下降，美联储表示，将取消对资本水平高于目前正在进行的压力测试要求的银行的限制。美联储的压力测试考察了主要银行的资产负债表及其抵御异常金融事件的能力，包括市场大幅下跌和房价突然下跌。</blockquote></p><p> \"The banking system continues to be a source of strength and returning to our normal framework after this year's stress test will preserve that strength,\" Vice Chair for Supervision Randal K. Quarles said.</p><p><blockquote>监管副主席兰德尔·K·夸尔斯(Randal K.Quarles)表示：“银行体系仍然是力量的源泉，在今年的压力测试后恢复正常框架将保持这种力量。”</blockquote></p><p> Shares of major banks rose in after-hours trading Thursday after logging gains in the regular session ahead of the Fed’s announcement.</p><p><blockquote>在美联储宣布这一消息之前的常规交易中，主要银行的股价在周四盘后交易中上涨。</blockquote></p><p> In after-hours action Citigroup&nbsp;(<b>C</b>) -Get Report&nbsp;rose 75 cents, or 1%, to $72.47; JPMorgan Chase&nbsp;(<b>JPM</b>) -Get Reportrose $1.09, or 0.7%, to $154.64; Bank of America Corp.&nbsp;(<b>BAC</b>) -Get Reportgained 33 cents, or 0.9%, to $37.99, and Wells Fargo&nbsp;(<b>WFC</b>) -Get Report&nbsp;rose 31 cents, or 0.8%, to $39.61.</p><p><blockquote>在盘后行动中花旗集团（<b>C</b>)-Get Report上涨75美分，即1%，至72.47美元；摩根大通(<b>JPM</b>)-Get Reportrose上涨1.09美元，即0.7%，至154.64美元；美国银行（<b>BAC</b>)-GET Report上涨33美分，即0.9%，至37.99美元，富国银行(<b>WFC</b>)-Get Report上涨31美分，即0.8%，至39.61美元。</blockquote></p><p> Rebounding interest rates have fueled optimism for banks in recent weeks on expectations bank lending businesses can begin to make more money on the differences between long-term and short-term rates. The Financial Select Spider Fund&nbsp;(<b>XLF</b>) -Get Report, is up almost 13% so far this year.</p><p><blockquote>最近几周，利率反弹激发了银行的乐观情绪，因为人们预期银行贷款业务可以开始从长期和短期利率之间的差异中赚更多的钱。金融精选蜘蛛基金（<b>XLF</b>)-Get报告，今年迄今为止上涨了近13%。</blockquote></p><p> Stocksshook off losses and finished higher Thursdayas investors weighed encouraging economic data and assessed progress in the fight against COVID-19.</p><p><blockquote>由于投资者权衡令人鼓舞的经济数据并评估抗击COVID-19的进展，周四股市摆脱跌势并收高。</blockquote></p><p> President Joe Biden said Thursdayhe doubled his vaccination goal to 200 million shots in his first 100 days in office.</p><p><blockquote>美国总统乔·拜登周四表示，在上任的头100天里，他将疫苗接种目标提高了一倍，达到2亿剂。</blockquote></p><p> The Dow Jones Industrial Average finished up 199 points, or 0.62%, at 32,619, the S&amp;P 500 rose 0.52% and the tech-heavy Nasdaq ticked up 0.12%.</p><p><blockquote>道琼斯工业平均指数收盘上涨199点，涨幅0.62%，至32,619点，标普500上涨0.52%，以科技股为主的纳斯达克上涨0.12%。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fed Lifting Limits on Bank Dividends and Share Repurchases<blockquote>美联储取消银行股息和股票回购限制</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed Lifting Limits on Bank Dividends and Share Repurchases<blockquote>美联储取消银行股息和股票回购限制</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">thestreet</strong><span class=\"h-time small\">2021-03-26 09:12</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The Federal Reserve said after the bell Thursday that it plans to lift restrictions on bank dividends and share buybacks for most firms after June 30.</p><p><blockquote>美联储周四盘后表示，计划在6月30日之后取消对大多数公司的银行股息和股票回购的限制。</blockquote></p><p> The temporary restrictions, imposed as the coronavirus pandemic forced economic shutdowns, limited banks’ ability to raise their dividends and execute share buyback plans.</p><p><blockquote>由于冠状病毒大流行迫使经济停摆而实施的临时限制限制了银行提高股息和执行股票回购计划的能力。</blockquote></p><p> However, with the economy gathering steam and unemployment claims continuing to fall, the Fed said it would lift the restrictions on banks with capital levels above those required by the stress tests currently underway. The Fed’s stress tests examine major banks’ balance sheets and their ability to withstand unusual financial events, including sharp market drops and abrupt housing price declines.</p><p><blockquote>然而，随着经济势头增强和失业救济人数持续下降，美联储表示，将取消对资本水平高于目前正在进行的压力测试要求的银行的限制。美联储的压力测试考察了主要银行的资产负债表及其抵御异常金融事件的能力，包括市场大幅下跌和房价突然下跌。</blockquote></p><p> \"The banking system continues to be a source of strength and returning to our normal framework after this year's stress test will preserve that strength,\" Vice Chair for Supervision Randal K. Quarles said.</p><p><blockquote>监管副主席兰德尔·K·夸尔斯(Randal K.Quarles)表示：“银行体系仍然是力量的源泉，在今年的压力测试后恢复正常框架将保持这种力量。”</blockquote></p><p> Shares of major banks rose in after-hours trading Thursday after logging gains in the regular session ahead of the Fed’s announcement.</p><p><blockquote>在美联储宣布这一消息之前的常规交易中，主要银行的股价在周四盘后交易中上涨。</blockquote></p><p> In after-hours action Citigroup&nbsp;(<b>C</b>) -Get Report&nbsp;rose 75 cents, or 1%, to $72.47; JPMorgan Chase&nbsp;(<b>JPM</b>) -Get Reportrose $1.09, or 0.7%, to $154.64; Bank of America Corp.&nbsp;(<b>BAC</b>) -Get Reportgained 33 cents, or 0.9%, to $37.99, and Wells Fargo&nbsp;(<b>WFC</b>) -Get Report&nbsp;rose 31 cents, or 0.8%, to $39.61.</p><p><blockquote>在盘后行动中花旗集团（<b>C</b>)-Get Report上涨75美分，即1%，至72.47美元；摩根大通(<b>JPM</b>)-Get Reportrose上涨1.09美元，即0.7%，至154.64美元；美国银行（<b>BAC</b>)-GET Report上涨33美分，即0.9%，至37.99美元，富国银行(<b>WFC</b>)-Get Report上涨31美分，即0.8%，至39.61美元。</blockquote></p><p> Rebounding interest rates have fueled optimism for banks in recent weeks on expectations bank lending businesses can begin to make more money on the differences between long-term and short-term rates. The Financial Select Spider Fund&nbsp;(<b>XLF</b>) -Get Report, is up almost 13% so far this year.</p><p><blockquote>最近几周，利率反弹激发了银行的乐观情绪，因为人们预期银行贷款业务可以开始从长期和短期利率之间的差异中赚更多的钱。金融精选蜘蛛基金（<b>XLF</b>)-Get报告，今年迄今为止上涨了近13%。</blockquote></p><p> Stocksshook off losses and finished higher Thursdayas investors weighed encouraging economic data and assessed progress in the fight against COVID-19.</p><p><blockquote>由于投资者权衡令人鼓舞的经济数据并评估抗击COVID-19的进展，周四股市摆脱跌势并收高。</blockquote></p><p> President Joe Biden said Thursdayhe doubled his vaccination goal to 200 million shots in his first 100 days in office.</p><p><blockquote>美国总统乔·拜登周四表示，在上任的头100天里，他将疫苗接种目标提高了一倍，达到2亿剂。</blockquote></p><p> The Dow Jones Industrial Average finished up 199 points, or 0.62%, at 32,619, the S&amp;P 500 rose 0.52% and the tech-heavy Nasdaq ticked up 0.12%.</p><p><blockquote>道琼斯工业平均指数收盘上涨199点，涨幅0.62%，至32,619点，标普500上涨0.52%，以科技股为主的纳斯达克上涨0.12%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/investing/fed-lifting-limits-on-bank-dividends-and-share-repurchases\">thestreet</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.thestreet.com/investing/fed-lifting-limits-on-bank-dividends-and-share-repurchases","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140607641","content_text":"The Federal Reserve said after the bell Thursday that it plans to lift restrictions on bank dividends and share buybacks for most firms after June 30.\nThe temporary restrictions, imposed as the coronavirus pandemic forced economic shutdowns, limited banks’ ability to raise their dividends and execute share buyback plans.\nHowever, with the economy gathering steam and unemployment claims continuing to fall, the Fed said it would lift the restrictions on banks with capital levels above those required by the stress tests currently underway. The Fed’s stress tests examine major banks’ balance sheets and their ability to withstand unusual financial events, including sharp market drops and abrupt housing price declines.\n\"The banking system continues to be a source of strength and returning to our normal framework after this year's stress test will preserve that strength,\" Vice Chair for Supervision Randal K. Quarles said.\nShares of major banks rose in after-hours trading Thursday after logging gains in the regular session ahead of the Fed’s announcement.\nIn after-hours action Citigroup (C) -Get Report rose 75 cents, or 1%, to $72.47; JPMorgan Chase (JPM) -Get Reportrose $1.09, or 0.7%, to $154.64; Bank of America Corp. (BAC) -Get Reportgained 33 cents, or 0.9%, to $37.99, and Wells Fargo (WFC) -Get Report rose 31 cents, or 0.8%, to $39.61.\nRebounding interest rates have fueled optimism for banks in recent weeks on expectations bank lending businesses can begin to make more money on the differences between long-term and short-term rates. The Financial Select Spider Fund (XLF) -Get Report, is up almost 13% so far this year.\nStocksshook off losses and finished higher Thursdayas investors weighed encouraging economic data and assessed progress in the fight against COVID-19.\nPresident Joe Biden said Thursdayhe doubled his vaccination goal to 200 million shots in his first 100 days in office.\nThe Dow Jones Industrial Average finished up 199 points, or 0.62%, at 32,619, the S&P 500 rose 0.52% and the tech-heavy Nasdaq ticked up 0.12%.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1686,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":358778769,"gmtCreate":1616736081051,"gmtModify":1634524281913,"author":{"id":"3575601035249258","authorId":"3575601035249258","name":"Trk","avatar":"https://static.tigerbbs.com/6c696f57ad24f93a635678126f3d58bb","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575601035249258","authorIdStr":"3575601035249258"},"themes":[],"htmlText":"Anybody know why&nbsp;singtel is up 3% today?","listText":"Anybody know why&nbsp;singtel is up 3% today?","text":"Anybody know why singtel is up 3% today?","images":[{"img":"https://static.tigerbbs.com/e64a3ec8d863990aa151698812da05f8","width":"1125","height":"2179"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/358778769","isVote":1,"tweetType":1,"viewCount":1821,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":358773375,"gmtCreate":1616735805897,"gmtModify":1631885279838,"author":{"id":"3575601035249258","authorId":"3575601035249258","name":"Trk","avatar":"https://static.tigerbbs.com/6c696f57ad24f93a635678126f3d58bb","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575601035249258","authorIdStr":"3575601035249258"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BAC\">$Bank of America(BAC)$</a>continue upwards&nbsp;","listText":"<a href=\"https://laohu8.com/S/BAC\">$Bank of America(BAC)$</a>continue upwards&nbsp;","text":"$Bank of America(BAC)$continue upwards","images":[{"img":"https://static.tigerbbs.com/a9132eec53ad9346577e7e8a19fb1763","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/358773375","isVote":1,"tweetType":1,"viewCount":1773,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":358779908,"gmtCreate":1616735698304,"gmtModify":1634524283777,"author":{"id":"3575601035249258","authorId":"3575601035249258","name":"Trk","avatar":"https://static.tigerbbs.com/6c696f57ad24f93a635678126f3d58bb","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575601035249258","authorIdStr":"3575601035249258"},"themes":[],"htmlText":"Please like and comment! Will do the same for you.&nbsp;","listText":"Please like and comment! Will do the same for you.&nbsp;","text":"Please like and comment! Will do the same for you.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/358779908","repostId":"1100799979","repostType":4,"repost":{"id":"1100799979","kind":"news","pubTimestamp":1616730844,"share":"https://www.laohu8.com/m/news/1100799979?lang=zh_CN&edition=full","pubTime":"2021-03-26 11:54","market":"us","language":"en","title":"Stay bullish on the stock market in the face of some fresh sell signals<blockquote>面对一些新的卖出信号，保持看涨股市</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1100799979","media":"marketwatch","summary":"The stock market continues to be led by the Dow Jones Industrial Average,with NASDAQ lagging noticea","content":"<p>The stock market continues to be led by the Dow Jones Industrial Average,with NASDAQ&nbsp;lagging noticeably behind, and the S&amp;P 500 indexcaught somewhere in the middle. This is not a good scenario for stocks.</p><p><blockquote>股市继续由道琼斯工业平均指数领涨，纳斯达克明显落后，标普500指数介于两者之间。对于股票来说，这不是一个好的情况。</blockquote></p><p> There is an old adage that it is not good for the market if the Generals are out in front of the Army (the “Generals” being General Motors, General Electric, etc. – i.e., the mainstays of the Dow of days gone by; the “Army” being the main body of stocks). The point is that if the advance is narrow and limited to the largest institutional stocks, then trouble lies ahead.</p><p><blockquote>有一句古老的谚语说，如果将军们在军队前面，对市场没有好处（“将军”是通用汽车、通用电气等。–即过去道琼斯指数的中流砥柱；“军队”是股票的主体）。关键是，如果涨幅狭窄且仅限于最大的机构股，那么麻烦就在前方。</blockquote></p><p> It is a good point, but too vague to implement as a trading system. We would normally see that reflected in breadth (which is now giving a sell signal) and new highs vs. new lows (which is also on a sell signal).</p><p><blockquote>这是一个很好的观点，但太模糊了，无法作为一个交易系统来实施。我们通常会看到这反映在广度（现在给出卖出信号）和新高与新低（也是卖出信号）上。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c46ab28413e089cb3da5f328292ad4e7\" tg-width=\"620\" tg-height=\"465\" referrerpolicy=\"no-referrer\">LAWRENCE MCMILLAN</p><p><blockquote>劳伦斯·麦克米兰</blockquote></p><p> One positive thing is that the SPX chart is still in an uptrend, as the moving averages and “modified Bollinger Bands” are still trending higher. However, if the S&amp;P breaks through support at 3,870, that uptrend would be called into question. As one can see from the accompanying chart, there is further support near 3,725. If that is broken, the bears would clearly be in charge. Meanwhile, the recent all-time highs, at 3,985, represent resistance.</p><p><blockquote>一件积极的事情是，SPX图表仍处于上升趋势，因为移动平均线和“修正布林线”仍呈走高趋势。然而，如果标准普尔指数突破3,870点的支撑位，这一上升趋势将受到质疑。从附图可以看出，3725点附近有进一步的支撑。如果这一点被打破，空头显然会掌权。与此同时，近期历史高点3,985点代表阻力位。</blockquote></p><p> What is different today compared to previous minor pullbacks is that several of our internal indicators have weakened considerably and are on sell signals: breadth, new highs vs. new lows, and equity-only put-call ratios.</p><p><blockquote>与之前的小幅回调相比，今天的不同之处在于，我们的几个内部指标已显着减弱并发出卖出信号：广度、新高与新低以及仅股票的看跌看涨期权比率。</blockquote></p><p> Equity-only put-call ratios remain on sell signals that were first generated in mid-February and that have strengthened by beginning to rise rapidly.&nbsp;They are still relatively low on their charts, meaning that there is a lot of room to move higher before one might say they are “oversold.”</p><p><blockquote>仅股票的看跌-看涨期权比率仍处于2月中旬首次产生的卖出信号，并通过开始快速上涨而加强。它们在图表上仍然相对较低，这意味着在人们可能会说它们“超卖”之前还有很大的走高空间。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bfd689fa18eceb515c752afa1cb024f7\" tg-width=\"620\" tg-height=\"465\" referrerpolicy=\"no-referrer\">LAWRENCE MCMILLAN<img src=\"https://static.tigerbbs.com/9216bd23616405d8464aa44f5baea259\" tg-width=\"620\" tg-height=\"460\" referrerpolicy=\"no-referrer\">LAWRENCE MCMILLAN</p><p><blockquote>劳伦斯·麦克米兰劳伦斯·麦克米兰</blockquote></p><p> Breadth has deteriorated badly over the past two weeks – especially this last week. Sell signals were generated by the breadth oscillators on March 18 and March 19, and those oscillators have plunged since then.&nbsp;The “stocks only” breadth oscillator has already descended into oversold territory, but “oversold doesn’t mean buy.”</p><p><blockquote>广度在过去两周严重恶化，尤其是上周。3月18日和3月19日，广度振荡指标产生了卖出信号，此后这些振荡指标暴跌。“仅限股票”的广度振荡指标已经跌至超卖区域，但“超卖并不意味着买入”。</blockquote></p><p> The NYSE breadth oscillator is also moving lower, but at a much slower pace, since the more positive “Dow-type” stocks have a heavier weight in that oscillator.</p><p><blockquote>纽约证券交易所广度振荡指标也在走低，但速度要慢得多，因为更积极的“道琼斯型”股票在该振荡指标中的权重更大。</blockquote></p><p> Meanwhile, cumulative breadth has fallen sharply as well. That is not a signal, but it is worth noting that the “stocks only” cumulative advance-decline line has fallen almost 10,000 issues since the cumulative A-D line reached an all-time high on March 15 (that is, over that time, summing the daily figures, declines have outnumbered advances by 10,000 issues).</p><p><blockquote>与此同时，累计广度也大幅下降。这不是一个信号，但值得注意的是，自3月15日累计A-D线达到历史新高以来，“仅股票”累计上涨-下跌线已经下跌了近10,000期（也就是说，在此期间，将每日数据相加，下跌数量超过上涨数量10,000期）。</blockquote></p><p> A significant development has also occurred in the case of the “new highs vs. new lows” indicator. On March 23, new 52-week lows outnumbered new 52-week highs andnew 52-week lows numbered more than 100 issues — the first time that has happened since last May.&nbsp;That was the case again on March 24.&nbsp;That places this indicator on a sell signal until new highs take control once again.</p><p><blockquote>“新高对新低”指标也出现了重大发展。3月23日，52周新低数量超过52周新高，52周新低数量超过100期——这是自去年5月以来首次发生。3月24日再次出现这种情况。这使得该指标处于卖出信号，直到新高再次占据主导地位。</blockquote></p><p> Countering the negativity of put-call ratios, breadth, and new highs vs. new lows, is the fact that the volatility indicators still remain generally bullish. VIX has not risen substantially (yet), so the “spike peak” buy signal of March 4 remains in place.</p><p><blockquote>与看跌看涨期权比率、广度以及新高与新低的负面影响相反，波动性指标仍然普遍看涨。VIX尚未大幅上涨，因此3月4日的“峰值”买入信号仍然存在。</blockquote></p><p> Moreover, the trend of VIXVIX,-6.56%continues to be lower, as both VIX and its 20-day moving average are below the declining 200-day moving average. In fact, on March 22, VIX closed at its lowest price (18.88) since February 2020.</p><p><blockquote>此外，VIXVIX,-6.56%的趋势继续走低，因为VIX及其20日移动平均线均低于下降的200日移动平均线。事实上，3月22日，VIX收于2020年2月以来的最低价（18.88）。</blockquote></p><p> If VIX should continue to fall below there, it would be a bullish sign for stocks.</p><p><blockquote>如果VIX继续跌破该水平，这将是股市的看涨信号。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c5d40b1aedd4e9457306d25814439c92\" tg-width=\"620\" tg-height=\"465\" referrerpolicy=\"no-referrer\">LAWRENCE MCMILLAN</p><p><blockquote>劳伦斯·麦克米兰</blockquote></p><p> As we’ve noted previously, the fact that VIX has remained so high all during the huge rally over the past year has been a worrisome sign for many traders. But the traders that were keeping VIX higher were actually correct, because realized volatility of SPX (i.e., its 20-day historical volatility) has been just below 20 since early March. Thus, realized volatility rose to meet implied volatility, rather than the other way around (which is more often the case).</p><p><blockquote>正如我们之前指出的，VIX在过去一年的大幅上涨期间一直保持在如此高的水平，这对许多交易者来说是一个令人担忧的迹象。但维持VIX走高的交易员实际上是正确的，因为自3月初以来，SPX的已实现波动率（即其20天历史波动率）一直略低于20。因此，已实现波动率上升是为了满足隐含波动率，而不是相反（这种情况更常见）。</blockquote></p><p> Now, if one wants to make the case that it is worrisome to see both forms of volatility this high, then so be it. But there is no longer any significant difference between the S&amp;P’s realized and implied volatility.</p><p><blockquote>现在，如果有人想证明看到这两种形式的波动如此之高令人担忧，那就这样吧。但标普的已实现和隐含波动率之间不再存在任何显著差异。</blockquote></p><p></p><p> The construct of volatility derivatives has remained bullish throughout.&nbsp;VIX futures are all trading at premiums to VIX, and the term structure slopes upward through the coming summer. Similarly, the term structure of the CBOE Volatility Indices slopes upward through the next six months as well.</p><p><blockquote>波动性衍生品的结构始终保持看涨。VIX期货的交易价格都高于VIX，期限结构在即将到来的夏季向上倾斜。同样，芝加哥期权交易所波动率指数的期限结构在未来六个月也向上倾斜。</blockquote></p><p> The first sign of a negative reversal here would be if the April VIX futures traded above the price of May VIX futures.</p><p><blockquote>负面逆转的第一个迹象是4月份VIX期货的交易价格高于5月份VIX期货的价格。</blockquote></p><p> Near-term deterioration in some internal indicators is certainly a cause for worry, and small countertrend bearish positions can be taken because of that. However, the S&amp;P’s trend is still higher, and the trend of VIX is still lower – both bullish factors. So we still maintaining a “core” bullish position until those two trends are broken.</p><p><blockquote>一些内部指标的近期恶化无疑令人担忧，因此可以建立小型逆势看跌头寸。然而，标普的趋势仍然更高，VIX的趋势仍然更低——两者都是看涨因素。因此，我们仍然维持“核心”看涨立场，直到这两个趋势被打破。</blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stay bullish on the stock market in the face of some fresh sell signals<blockquote>面对一些新的卖出信号，保持看涨股市</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStay bullish on the stock market in the face of some fresh sell signals<blockquote>面对一些新的卖出信号，保持看涨股市</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">marketwatch</strong><span class=\"h-time small\">2021-03-26 11:54</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The stock market continues to be led by the Dow Jones Industrial Average,with NASDAQ&nbsp;lagging noticeably behind, and the S&amp;P 500 indexcaught somewhere in the middle. This is not a good scenario for stocks.</p><p><blockquote>股市继续由道琼斯工业平均指数领涨，纳斯达克明显落后，标普500指数介于两者之间。对于股票来说，这不是一个好的情况。</blockquote></p><p> There is an old adage that it is not good for the market if the Generals are out in front of the Army (the “Generals” being General Motors, General Electric, etc. – i.e., the mainstays of the Dow of days gone by; the “Army” being the main body of stocks). The point is that if the advance is narrow and limited to the largest institutional stocks, then trouble lies ahead.</p><p><blockquote>有一句古老的谚语说，如果将军们在军队前面，对市场没有好处（“将军”是通用汽车、通用电气等。–即过去道琼斯指数的中流砥柱；“军队”是股票的主体）。关键是，如果涨幅狭窄且仅限于最大的机构股，那么麻烦就在前方。</blockquote></p><p> It is a good point, but too vague to implement as a trading system. We would normally see that reflected in breadth (which is now giving a sell signal) and new highs vs. new lows (which is also on a sell signal).</p><p><blockquote>这是一个很好的观点，但太模糊了，无法作为一个交易系统来实施。我们通常会看到这反映在广度（现在给出卖出信号）和新高与新低（也是卖出信号）上。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c46ab28413e089cb3da5f328292ad4e7\" tg-width=\"620\" tg-height=\"465\" referrerpolicy=\"no-referrer\">LAWRENCE MCMILLAN</p><p><blockquote>劳伦斯·麦克米兰</blockquote></p><p> One positive thing is that the SPX chart is still in an uptrend, as the moving averages and “modified Bollinger Bands” are still trending higher. However, if the S&amp;P breaks through support at 3,870, that uptrend would be called into question. As one can see from the accompanying chart, there is further support near 3,725. If that is broken, the bears would clearly be in charge. Meanwhile, the recent all-time highs, at 3,985, represent resistance.</p><p><blockquote>一件积极的事情是，SPX图表仍处于上升趋势，因为移动平均线和“修正布林线”仍呈走高趋势。然而，如果标准普尔指数突破3,870点的支撑位，这一上升趋势将受到质疑。从附图可以看出，3725点附近有进一步的支撑。如果这一点被打破，空头显然会掌权。与此同时，近期历史高点3,985点代表阻力位。</blockquote></p><p> What is different today compared to previous minor pullbacks is that several of our internal indicators have weakened considerably and are on sell signals: breadth, new highs vs. new lows, and equity-only put-call ratios.</p><p><blockquote>与之前的小幅回调相比，今天的不同之处在于，我们的几个内部指标已显着减弱并发出卖出信号：广度、新高与新低以及仅股票的看跌看涨期权比率。</blockquote></p><p> Equity-only put-call ratios remain on sell signals that were first generated in mid-February and that have strengthened by beginning to rise rapidly.&nbsp;They are still relatively low on their charts, meaning that there is a lot of room to move higher before one might say they are “oversold.”</p><p><blockquote>仅股票的看跌-看涨期权比率仍处于2月中旬首次产生的卖出信号，并通过开始快速上涨而加强。它们在图表上仍然相对较低，这意味着在人们可能会说它们“超卖”之前还有很大的走高空间。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bfd689fa18eceb515c752afa1cb024f7\" tg-width=\"620\" tg-height=\"465\" referrerpolicy=\"no-referrer\">LAWRENCE MCMILLAN<img src=\"https://static.tigerbbs.com/9216bd23616405d8464aa44f5baea259\" tg-width=\"620\" tg-height=\"460\" referrerpolicy=\"no-referrer\">LAWRENCE MCMILLAN</p><p><blockquote>劳伦斯·麦克米兰劳伦斯·麦克米兰</blockquote></p><p> Breadth has deteriorated badly over the past two weeks – especially this last week. Sell signals were generated by the breadth oscillators on March 18 and March 19, and those oscillators have plunged since then.&nbsp;The “stocks only” breadth oscillator has already descended into oversold territory, but “oversold doesn’t mean buy.”</p><p><blockquote>广度在过去两周严重恶化，尤其是上周。3月18日和3月19日，广度振荡指标产生了卖出信号，此后这些振荡指标暴跌。“仅限股票”的广度振荡指标已经跌至超卖区域，但“超卖并不意味着买入”。</blockquote></p><p> The NYSE breadth oscillator is also moving lower, but at a much slower pace, since the more positive “Dow-type” stocks have a heavier weight in that oscillator.</p><p><blockquote>纽约证券交易所广度振荡指标也在走低，但速度要慢得多，因为更积极的“道琼斯型”股票在该振荡指标中的权重更大。</blockquote></p><p> Meanwhile, cumulative breadth has fallen sharply as well. That is not a signal, but it is worth noting that the “stocks only” cumulative advance-decline line has fallen almost 10,000 issues since the cumulative A-D line reached an all-time high on March 15 (that is, over that time, summing the daily figures, declines have outnumbered advances by 10,000 issues).</p><p><blockquote>与此同时，累计广度也大幅下降。这不是一个信号，但值得注意的是，自3月15日累计A-D线达到历史新高以来，“仅股票”累计上涨-下跌线已经下跌了近10,000期（也就是说，在此期间，将每日数据相加，下跌数量超过上涨数量10,000期）。</blockquote></p><p> A significant development has also occurred in the case of the “new highs vs. new lows” indicator. On March 23, new 52-week lows outnumbered new 52-week highs andnew 52-week lows numbered more than 100 issues — the first time that has happened since last May.&nbsp;That was the case again on March 24.&nbsp;That places this indicator on a sell signal until new highs take control once again.</p><p><blockquote>“新高对新低”指标也出现了重大发展。3月23日，52周新低数量超过52周新高，52周新低数量超过100期——这是自去年5月以来首次发生。3月24日再次出现这种情况。这使得该指标处于卖出信号，直到新高再次占据主导地位。</blockquote></p><p> Countering the negativity of put-call ratios, breadth, and new highs vs. new lows, is the fact that the volatility indicators still remain generally bullish. VIX has not risen substantially (yet), so the “spike peak” buy signal of March 4 remains in place.</p><p><blockquote>与看跌看涨期权比率、广度以及新高与新低的负面影响相反，波动性指标仍然普遍看涨。VIX尚未大幅上涨，因此3月4日的“峰值”买入信号仍然存在。</blockquote></p><p> Moreover, the trend of VIXVIX,-6.56%continues to be lower, as both VIX and its 20-day moving average are below the declining 200-day moving average. In fact, on March 22, VIX closed at its lowest price (18.88) since February 2020.</p><p><blockquote>此外，VIXVIX,-6.56%的趋势继续走低，因为VIX及其20日移动平均线均低于下降的200日移动平均线。事实上，3月22日，VIX收于2020年2月以来的最低价（18.88）。</blockquote></p><p> If VIX should continue to fall below there, it would be a bullish sign for stocks.</p><p><blockquote>如果VIX继续跌破该水平，这将是股市的看涨信号。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c5d40b1aedd4e9457306d25814439c92\" tg-width=\"620\" tg-height=\"465\" referrerpolicy=\"no-referrer\">LAWRENCE MCMILLAN</p><p><blockquote>劳伦斯·麦克米兰</blockquote></p><p> As we’ve noted previously, the fact that VIX has remained so high all during the huge rally over the past year has been a worrisome sign for many traders. But the traders that were keeping VIX higher were actually correct, because realized volatility of SPX (i.e., its 20-day historical volatility) has been just below 20 since early March. Thus, realized volatility rose to meet implied volatility, rather than the other way around (which is more often the case).</p><p><blockquote>正如我们之前指出的，VIX在过去一年的大幅上涨期间一直保持在如此高的水平，这对许多交易者来说是一个令人担忧的迹象。但维持VIX走高的交易员实际上是正确的，因为自3月初以来，SPX的已实现波动率（即其20天历史波动率）一直略低于20。因此，已实现波动率上升是为了满足隐含波动率，而不是相反（这种情况更常见）。</blockquote></p><p> Now, if one wants to make the case that it is worrisome to see both forms of volatility this high, then so be it. But there is no longer any significant difference between the S&amp;P’s realized and implied volatility.</p><p><blockquote>现在，如果有人想证明看到这两种形式的波动如此之高令人担忧，那就这样吧。但标普的已实现和隐含波动率之间不再存在任何显著差异。</blockquote></p><p></p><p> The construct of volatility derivatives has remained bullish throughout.&nbsp;VIX futures are all trading at premiums to VIX, and the term structure slopes upward through the coming summer. Similarly, the term structure of the CBOE Volatility Indices slopes upward through the next six months as well.</p><p><blockquote>波动性衍生品的结构始终保持看涨。VIX期货的交易价格都高于VIX，期限结构在即将到来的夏季向上倾斜。同样，芝加哥期权交易所波动率指数的期限结构在未来六个月也向上倾斜。</blockquote></p><p> The first sign of a negative reversal here would be if the April VIX futures traded above the price of May VIX futures.</p><p><blockquote>负面逆转的第一个迹象是4月份VIX期货的交易价格高于5月份VIX期货的价格。</blockquote></p><p> Near-term deterioration in some internal indicators is certainly a cause for worry, and small countertrend bearish positions can be taken because of that. However, the S&amp;P’s trend is still higher, and the trend of VIX is still lower – both bullish factors. So we still maintaining a “core” bullish position until those two trends are broken.</p><p><blockquote>一些内部指标的近期恶化无疑令人担忧，因此可以建立小型逆势看跌头寸。然而，标普的趋势仍然更高，VIX的趋势仍然更低——两者都是看涨因素。因此，我们仍然维持“核心”看涨立场，直到这两个趋势被打破。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/stay-bullish-on-the-stock-market-in-the-face-of-some-fresh-sell-signals-01616682019?mod=home-page\">marketwatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/5d8fb95e65f042f352c6313989391357","relate_stocks":{".SPX":"S&P 500 Index"},"source_url":"https://www.marketwatch.com/story/stay-bullish-on-the-stock-market-in-the-face-of-some-fresh-sell-signals-01616682019?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100799979","content_text":"The stock market continues to be led by the Dow Jones Industrial Average,with NASDAQ lagging noticeably behind, and the S&P 500 indexcaught somewhere in the middle. This is not a good scenario for stocks.\nThere is an old adage that it is not good for the market if the Generals are out in front of the Army (the “Generals” being General Motors, General Electric, etc. – i.e., the mainstays of the Dow of days gone by; the “Army” being the main body of stocks). The point is that if the advance is narrow and limited to the largest institutional stocks, then trouble lies ahead.\nIt is a good point, but too vague to implement as a trading system. We would normally see that reflected in breadth (which is now giving a sell signal) and new highs vs. new lows (which is also on a sell signal).\nLAWRENCE MCMILLAN\nOne positive thing is that the SPX chart is still in an uptrend, as the moving averages and “modified Bollinger Bands” are still trending higher. However, if the S&P breaks through support at 3,870, that uptrend would be called into question. As one can see from the accompanying chart, there is further support near 3,725. If that is broken, the bears would clearly be in charge. Meanwhile, the recent all-time highs, at 3,985, represent resistance.\nWhat is different today compared to previous minor pullbacks is that several of our internal indicators have weakened considerably and are on sell signals: breadth, new highs vs. new lows, and equity-only put-call ratios.\nEquity-only put-call ratios remain on sell signals that were first generated in mid-February and that have strengthened by beginning to rise rapidly. They are still relatively low on their charts, meaning that there is a lot of room to move higher before one might say they are “oversold.”\nLAWRENCE MCMILLANLAWRENCE MCMILLAN\nBreadth has deteriorated badly over the past two weeks – especially this last week. Sell signals were generated by the breadth oscillators on March 18 and March 19, and those oscillators have plunged since then. The “stocks only” breadth oscillator has already descended into oversold territory, but “oversold doesn’t mean buy.”\nThe NYSE breadth oscillator is also moving lower, but at a much slower pace, since the more positive “Dow-type” stocks have a heavier weight in that oscillator.\nMeanwhile, cumulative breadth has fallen sharply as well. That is not a signal, but it is worth noting that the “stocks only” cumulative advance-decline line has fallen almost 10,000 issues since the cumulative A-D line reached an all-time high on March 15 (that is, over that time, summing the daily figures, declines have outnumbered advances by 10,000 issues).\nA significant development has also occurred in the case of the “new highs vs. new lows” indicator. On March 23, new 52-week lows outnumbered new 52-week highs andnew 52-week lows numbered more than 100 issues — the first time that has happened since last May. That was the case again on March 24. That places this indicator on a sell signal until new highs take control once again.\nCountering the negativity of put-call ratios, breadth, and new highs vs. new lows, is the fact that the volatility indicators still remain generally bullish. VIX has not risen substantially (yet), so the “spike peak” buy signal of March 4 remains in place.\nMoreover, the trend of VIXVIX,-6.56%continues to be lower, as both VIX and its 20-day moving average are below the declining 200-day moving average. In fact, on March 22, VIX closed at its lowest price (18.88) since February 2020.\nIf VIX should continue to fall below there, it would be a bullish sign for stocks.\nLAWRENCE MCMILLAN\nAs we’ve noted previously, the fact that VIX has remained so high all during the huge rally over the past year has been a worrisome sign for many traders. But the traders that were keeping VIX higher were actually correct, because realized volatility of SPX (i.e., its 20-day historical volatility) has been just below 20 since early March. Thus, realized volatility rose to meet implied volatility, rather than the other way around (which is more often the case).\nNow, if one wants to make the case that it is worrisome to see both forms of volatility this high, then so be it. But there is no longer any significant difference between the S&P’s realized and implied volatility.\nThe construct of volatility derivatives has remained bullish throughout. VIX futures are all trading at premiums to VIX, and the term structure slopes upward through the coming summer. Similarly, the term structure of the CBOE Volatility Indices slopes upward through the next six months as well.\nThe first sign of a negative reversal here would be if the April VIX futures traded above the price of May VIX futures.\nNear-term deterioration in some internal indicators is certainly a cause for worry, and small countertrend bearish positions can be taken because of that. However, the S&P’s trend is still higher, and the trend of VIX is still lower – both bullish factors. So we still maintaining a “core” bullish position until those two trends are broken.","news_type":1,"symbols_score_info":{".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":1984,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":358038253,"gmtCreate":1616638923672,"gmtModify":1634524789198,"author":{"id":"3575601035249258","authorId":"3575601035249258","name":"Trk","avatar":"https://static.tigerbbs.com/6c696f57ad24f93a635678126f3d58bb","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575601035249258","authorIdStr":"3575601035249258"},"themes":[],"htmlText":"Hang in there! Is this a good opportunity to buy in?","listText":"Hang in there! Is this a good opportunity to buy in?","text":"Hang in there! Is this a good opportunity to buy in?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/358038253","repostId":"1193689570","repostType":4,"repost":{"id":"1193689570","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1616635457,"share":"https://www.laohu8.com/m/news/1193689570?lang=zh_CN&edition=full","pubTime":"2021-03-25 09:24","market":"hk","language":"en","title":"The Hang Seng Index fell 1.04% at the opening. Baidu Group fell more than 9%<blockquote>恒生指数开盘跌1.04%。百度集团跌超9%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1193689570","media":"Tiger Newspress","summary":"Hong Kong stocks opened, and the HSI opened 1.04% lower. Technology stocks and Hong Kong local stock","content":"<p>Hong Kong stocks opened, and the HSI opened 1.04% lower. Technology stocks and Hong Kong local stocks continued to fall under pressure. Tencent Holdings opened nearly 4% lower, hitting the 600 Hong Kong dollar mark.</p><p><blockquote>港股开盘，恒指低开1.04%。科技股和香港本地股继续承压下跌。腾讯控股控股低开近4%，触及600港元关口。</blockquote></p><p><img src=\"https://static.tigerbbs.com/fabd51f049677ea8ecfac90f9b86bb5f\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>Baidu opened 9.09% lower and reported 228 Hong Kong dollars, a record low. The turnover temporarily recorded 77.8 million Hong Kong dollars.</p><p><blockquote>百度低开9.09%，报228港元，创历史新低。营业额暂录7780万港元。</blockquote></p><p><img src=\"https://static.tigerbbs.com/f36b74df301e2a4ac23e0f02f3c971c2\" tg-width=\"840\" tg-height=\"470\"></p><p><blockquote></blockquote></p><p>Xiaomi Group fell 4.6%, and its revenue and net profit performance in 2020 fell short of market expectations.</p><p><blockquote>小米集团跌4.6%，2020年营收和净利润表现不及市场预期。</blockquote></p><p>JD.com and Meituan both fell more than 3%.</p><p><blockquote>京东、美团-W均跌超3%。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Hang Seng Index fell 1.04% at the opening. Baidu Group fell more than 9%<blockquote>恒生指数开盘跌1.04%。百度集团跌超9%</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Hang Seng Index fell 1.04% at the opening. Baidu Group fell more than 9%<blockquote>恒生指数开盘跌1.04%。百度集团跌超9%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-03-25 09:24</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Hong Kong stocks opened, and the HSI opened 1.04% lower. Technology stocks and Hong Kong local stocks continued to fall under pressure. Tencent Holdings opened nearly 4% lower, hitting the 600 Hong Kong dollar mark.</p><p><blockquote>港股开盘，恒指低开1.04%。科技股和香港本地股继续承压下跌。腾讯控股控股低开近4%，触及600港元关口。</blockquote></p><p><img src=\"https://static.tigerbbs.com/fabd51f049677ea8ecfac90f9b86bb5f\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>Baidu opened 9.09% lower and reported 228 Hong Kong dollars, a record low. The turnover temporarily recorded 77.8 million Hong Kong dollars.</p><p><blockquote>百度低开9.09%，报228港元，创历史新低。营业额暂录7780万港元。</blockquote></p><p><img src=\"https://static.tigerbbs.com/f36b74df301e2a4ac23e0f02f3c971c2\" tg-width=\"840\" tg-height=\"470\"></p><p><blockquote></blockquote></p><p>Xiaomi Group fell 4.6%, and its revenue and net profit performance in 2020 fell short of market expectations.</p><p><blockquote>小米集团跌4.6%，2020年营收和净利润表现不及市场预期。</blockquote></p><p>JD.com and Meituan both fell more than 3%.</p><p><blockquote>京东、美团-W均跌超3%。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c1cb237e736a4e03c939622e7b71e8e7","relate_stocks":{"00700":"腾讯控股"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193689570","content_text":"Hong Kong stocks opened, and the HSI opened 1.04% lower. Technology stocks and Hong Kong local stocks continued to fall under pressure. Tencent Holdings opened nearly 4% lower, hitting the 600 Hong Kong dollar mark.Baidu opened 9.09% lower and reported 228 Hong Kong dollars, a record low. The turnover temporarily recorded 77.8 million Hong Kong dollars.Xiaomi Group fell 4.6%, and its revenue and net profit performance in 2020 fell short of market expectations.JD.com and Meituan both fell more than 3%.","news_type":1,"symbols_score_info":{"00700":0.9}},"isVote":1,"tweetType":1,"viewCount":1330,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":358030588,"gmtCreate":1616638675744,"gmtModify":1631883696918,"author":{"id":"3575601035249258","authorId":"3575601035249258","name":"Trk","avatar":"https://static.tigerbbs.com/6c696f57ad24f93a635678126f3d58bb","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575601035249258","authorIdStr":"3575601035249258"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>Still holding on! Should I add more units?","listText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>Still holding on! Should I add more units?","text":"$Lion-OCBC Sec HSTECH S$(HST.SI)$Still holding on! Should I add more units?","images":[{"img":"https://static.tigerbbs.com/931bc55a21b4ec7b427ef698ff51dce3","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/358030588","isVote":1,"tweetType":1,"viewCount":1851,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":351384900,"gmtCreate":1616564468700,"gmtModify":1631883696941,"author":{"id":"3575601035249258","authorId":"3575601035249258","name":"Trk","avatar":"https://static.tigerbbs.com/6c696f57ad24f93a635678126f3d58bb","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575601035249258","authorIdStr":"3575601035249258"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>Dropped again today","listText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>Dropped again today","text":"$Lion-OCBC Sec HSTECH S$(HST.SI)$Dropped again today","images":[{"img":"https://static.tigerbbs.com/30626d2ba4a6ef4f25a4323ca0e50cf1","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/351384900","isVote":1,"tweetType":1,"viewCount":2414,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":353850610,"gmtCreate":1616484132030,"gmtModify":1631883696957,"author":{"id":"3575601035249258","authorId":"3575601035249258","name":"Trk","avatar":"https://static.tigerbbs.com/6c696f57ad24f93a635678126f3d58bb","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575601035249258","authorIdStr":"3575601035249258"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>Bought on dip","listText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>Bought on dip","text":"$Lion-OCBC Sec HSTECH S$(HST.SI)$Bought on dip","images":[{"img":"https://static.tigerbbs.com/d561592454a51e0a0095505fd40527bd","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/353850610","isVote":1,"tweetType":1,"viewCount":340,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":353827896,"gmtCreate":1616483938815,"gmtModify":1634525587504,"author":{"id":"3575601035249258","authorId":"3575601035249258","name":"Trk","avatar":"https://static.tigerbbs.com/6c696f57ad24f93a635678126f3d58bb","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575601035249258","authorIdStr":"3575601035249258"},"themes":[],"htmlText":"Is it still a good buy?&nbsp;Like and comment thanks","listText":"Is it still a good buy?&nbsp;Like and comment thanks","text":"Is it still a good buy? Like and comment thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/353827896","repostId":"1113268864","repostType":4,"isVote":1,"tweetType":1,"viewCount":692,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":353151484,"gmtCreate":1616472976548,"gmtModify":1631883696966,"author":{"id":"3575601035249258","authorId":"3575601035249258","name":"Trk","avatar":"https://static.tigerbbs.com/6c696f57ad24f93a635678126f3d58bb","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575601035249258","authorIdStr":"3575601035249258"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>Jiayou","listText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>Jiayou","text":"$Lion-OCBC Sec HSTECH S$(HST.SI)$Jiayou","images":[{"img":"https://static.tigerbbs.com/d2083d414920369627ccaca1106fe98d","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/353151484","isVote":1,"tweetType":1,"viewCount":413,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":327043619,"gmtCreate":1616042728531,"gmtModify":1703496793540,"author":{"id":"3575601035249258","authorId":"3575601035249258","name":"Trk","avatar":"https://static.tigerbbs.com/6c696f57ad24f93a635678126f3d58bb","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575601035249258","authorIdStr":"3575601035249258"},"themes":[],"htmlText":"Like please~","listText":"Like please~","text":"Like please~","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/327043619","repostId":"1114091354","repostType":4,"isVote":1,"tweetType":1,"viewCount":368,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":324258317,"gmtCreate":1615997183039,"gmtModify":1703496221584,"author":{"id":"3575601035249258","authorId":"3575601035249258","name":"Trk","avatar":"https://static.tigerbbs.com/6c696f57ad24f93a635678126f3d58bb","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575601035249258","authorIdStr":"3575601035249258"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BAC\">$Bank of America(BAC)$</a>better late than nenever?","listText":"<a href=\"https://laohu8.com/S/BAC\">$Bank of America(BAC)$</a>better late than nenever?","text":"$Bank of America(BAC)$better late than nenever?","images":[{"img":"https://static.tigerbbs.com/1470ed93bbe954fe0a4e5181b07cbb4c","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/324258317","isVote":1,"tweetType":1,"viewCount":552,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":322104809,"gmtCreate":1615779475701,"gmtModify":1703492831660,"author":{"id":"3575601035249258","authorId":"3575601035249258","name":"Trk","avatar":"https://static.tigerbbs.com/6c696f57ad24f93a635678126f3d58bb","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575601035249258","authorIdStr":"3575601035249258"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>Justbought in !","listText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>Justbought in !","text":"$Lion-OCBC Sec HSTECH S$(HST.SI)$Justbought in !","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/322104809","isVote":1,"tweetType":1,"viewCount":740,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":358779908,"gmtCreate":1616735698304,"gmtModify":1634524283777,"author":{"id":"3575601035249258","authorId":"3575601035249258","name":"Trk","avatar":"https://static.tigerbbs.com/6c696f57ad24f93a635678126f3d58bb","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575601035249258","authorIdStr":"3575601035249258"},"themes":[],"htmlText":"Please like and comment! Will do the same for you.&nbsp;","listText":"Please like and comment! Will do the same for you.&nbsp;","text":"Please like and comment! Will do the same for you.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/358779908","repostId":"1100799979","repostType":4,"repost":{"id":"1100799979","kind":"news","pubTimestamp":1616730844,"share":"https://www.laohu8.com/m/news/1100799979?lang=zh_CN&edition=full","pubTime":"2021-03-26 11:54","market":"us","language":"en","title":"Stay bullish on the stock market in the face of some fresh sell signals<blockquote>面对一些新的卖出信号，保持看涨股市</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1100799979","media":"marketwatch","summary":"The stock market continues to be led by the Dow Jones Industrial Average,with NASDAQ lagging noticea","content":"<p>The stock market continues to be led by the Dow Jones Industrial Average,with NASDAQ&nbsp;lagging noticeably behind, and the S&amp;P 500 indexcaught somewhere in the middle. This is not a good scenario for stocks.</p><p><blockquote>股市继续由道琼斯工业平均指数领涨，纳斯达克明显落后，标普500指数介于两者之间。对于股票来说，这不是一个好的情况。</blockquote></p><p> There is an old adage that it is not good for the market if the Generals are out in front of the Army (the “Generals” being General Motors, General Electric, etc. – i.e., the mainstays of the Dow of days gone by; the “Army” being the main body of stocks). The point is that if the advance is narrow and limited to the largest institutional stocks, then trouble lies ahead.</p><p><blockquote>有一句古老的谚语说，如果将军们在军队前面，对市场没有好处（“将军”是通用汽车、通用电气等。–即过去道琼斯指数的中流砥柱；“军队”是股票的主体）。关键是，如果涨幅狭窄且仅限于最大的机构股，那么麻烦就在前方。</blockquote></p><p> It is a good point, but too vague to implement as a trading system. We would normally see that reflected in breadth (which is now giving a sell signal) and new highs vs. new lows (which is also on a sell signal).</p><p><blockquote>这是一个很好的观点，但太模糊了，无法作为一个交易系统来实施。我们通常会看到这反映在广度（现在给出卖出信号）和新高与新低（也是卖出信号）上。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c46ab28413e089cb3da5f328292ad4e7\" tg-width=\"620\" tg-height=\"465\" referrerpolicy=\"no-referrer\">LAWRENCE MCMILLAN</p><p><blockquote>劳伦斯·麦克米兰</blockquote></p><p> One positive thing is that the SPX chart is still in an uptrend, as the moving averages and “modified Bollinger Bands” are still trending higher. However, if the S&amp;P breaks through support at 3,870, that uptrend would be called into question. As one can see from the accompanying chart, there is further support near 3,725. If that is broken, the bears would clearly be in charge. Meanwhile, the recent all-time highs, at 3,985, represent resistance.</p><p><blockquote>一件积极的事情是，SPX图表仍处于上升趋势，因为移动平均线和“修正布林线”仍呈走高趋势。然而，如果标准普尔指数突破3,870点的支撑位，这一上升趋势将受到质疑。从附图可以看出，3725点附近有进一步的支撑。如果这一点被打破，空头显然会掌权。与此同时，近期历史高点3,985点代表阻力位。</blockquote></p><p> What is different today compared to previous minor pullbacks is that several of our internal indicators have weakened considerably and are on sell signals: breadth, new highs vs. new lows, and equity-only put-call ratios.</p><p><blockquote>与之前的小幅回调相比，今天的不同之处在于，我们的几个内部指标已显着减弱并发出卖出信号：广度、新高与新低以及仅股票的看跌看涨期权比率。</blockquote></p><p> Equity-only put-call ratios remain on sell signals that were first generated in mid-February and that have strengthened by beginning to rise rapidly.&nbsp;They are still relatively low on their charts, meaning that there is a lot of room to move higher before one might say they are “oversold.”</p><p><blockquote>仅股票的看跌-看涨期权比率仍处于2月中旬首次产生的卖出信号，并通过开始快速上涨而加强。它们在图表上仍然相对较低，这意味着在人们可能会说它们“超卖”之前还有很大的走高空间。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bfd689fa18eceb515c752afa1cb024f7\" tg-width=\"620\" tg-height=\"465\" referrerpolicy=\"no-referrer\">LAWRENCE MCMILLAN<img src=\"https://static.tigerbbs.com/9216bd23616405d8464aa44f5baea259\" tg-width=\"620\" tg-height=\"460\" referrerpolicy=\"no-referrer\">LAWRENCE MCMILLAN</p><p><blockquote>劳伦斯·麦克米兰劳伦斯·麦克米兰</blockquote></p><p> Breadth has deteriorated badly over the past two weeks – especially this last week. Sell signals were generated by the breadth oscillators on March 18 and March 19, and those oscillators have plunged since then.&nbsp;The “stocks only” breadth oscillator has already descended into oversold territory, but “oversold doesn’t mean buy.”</p><p><blockquote>广度在过去两周严重恶化，尤其是上周。3月18日和3月19日，广度振荡指标产生了卖出信号，此后这些振荡指标暴跌。“仅限股票”的广度振荡指标已经跌至超卖区域，但“超卖并不意味着买入”。</blockquote></p><p> The NYSE breadth oscillator is also moving lower, but at a much slower pace, since the more positive “Dow-type” stocks have a heavier weight in that oscillator.</p><p><blockquote>纽约证券交易所广度振荡指标也在走低，但速度要慢得多，因为更积极的“道琼斯型”股票在该振荡指标中的权重更大。</blockquote></p><p> Meanwhile, cumulative breadth has fallen sharply as well. That is not a signal, but it is worth noting that the “stocks only” cumulative advance-decline line has fallen almost 10,000 issues since the cumulative A-D line reached an all-time high on March 15 (that is, over that time, summing the daily figures, declines have outnumbered advances by 10,000 issues).</p><p><blockquote>与此同时，累计广度也大幅下降。这不是一个信号，但值得注意的是，自3月15日累计A-D线达到历史新高以来，“仅股票”累计上涨-下跌线已经下跌了近10,000期（也就是说，在此期间，将每日数据相加，下跌数量超过上涨数量10,000期）。</blockquote></p><p> A significant development has also occurred in the case of the “new highs vs. new lows” indicator. On March 23, new 52-week lows outnumbered new 52-week highs andnew 52-week lows numbered more than 100 issues — the first time that has happened since last May.&nbsp;That was the case again on March 24.&nbsp;That places this indicator on a sell signal until new highs take control once again.</p><p><blockquote>“新高对新低”指标也出现了重大发展。3月23日，52周新低数量超过52周新高，52周新低数量超过100期——这是自去年5月以来首次发生。3月24日再次出现这种情况。这使得该指标处于卖出信号，直到新高再次占据主导地位。</blockquote></p><p> Countering the negativity of put-call ratios, breadth, and new highs vs. new lows, is the fact that the volatility indicators still remain generally bullish. VIX has not risen substantially (yet), so the “spike peak” buy signal of March 4 remains in place.</p><p><blockquote>与看跌看涨期权比率、广度以及新高与新低的负面影响相反，波动性指标仍然普遍看涨。VIX尚未大幅上涨，因此3月4日的“峰值”买入信号仍然存在。</blockquote></p><p> Moreover, the trend of VIXVIX,-6.56%continues to be lower, as both VIX and its 20-day moving average are below the declining 200-day moving average. In fact, on March 22, VIX closed at its lowest price (18.88) since February 2020.</p><p><blockquote>此外，VIXVIX,-6.56%的趋势继续走低，因为VIX及其20日移动平均线均低于下降的200日移动平均线。事实上，3月22日，VIX收于2020年2月以来的最低价（18.88）。</blockquote></p><p> If VIX should continue to fall below there, it would be a bullish sign for stocks.</p><p><blockquote>如果VIX继续跌破该水平，这将是股市的看涨信号。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c5d40b1aedd4e9457306d25814439c92\" tg-width=\"620\" tg-height=\"465\" referrerpolicy=\"no-referrer\">LAWRENCE MCMILLAN</p><p><blockquote>劳伦斯·麦克米兰</blockquote></p><p> As we’ve noted previously, the fact that VIX has remained so high all during the huge rally over the past year has been a worrisome sign for many traders. But the traders that were keeping VIX higher were actually correct, because realized volatility of SPX (i.e., its 20-day historical volatility) has been just below 20 since early March. Thus, realized volatility rose to meet implied volatility, rather than the other way around (which is more often the case).</p><p><blockquote>正如我们之前指出的，VIX在过去一年的大幅上涨期间一直保持在如此高的水平，这对许多交易者来说是一个令人担忧的迹象。但维持VIX走高的交易员实际上是正确的，因为自3月初以来，SPX的已实现波动率（即其20天历史波动率）一直略低于20。因此，已实现波动率上升是为了满足隐含波动率，而不是相反（这种情况更常见）。</blockquote></p><p> Now, if one wants to make the case that it is worrisome to see both forms of volatility this high, then so be it. But there is no longer any significant difference between the S&amp;P’s realized and implied volatility.</p><p><blockquote>现在，如果有人想证明看到这两种形式的波动如此之高令人担忧，那就这样吧。但标普的已实现和隐含波动率之间不再存在任何显著差异。</blockquote></p><p></p><p> The construct of volatility derivatives has remained bullish throughout.&nbsp;VIX futures are all trading at premiums to VIX, and the term structure slopes upward through the coming summer. Similarly, the term structure of the CBOE Volatility Indices slopes upward through the next six months as well.</p><p><blockquote>波动性衍生品的结构始终保持看涨。VIX期货的交易价格都高于VIX，期限结构在即将到来的夏季向上倾斜。同样，芝加哥期权交易所波动率指数的期限结构在未来六个月也向上倾斜。</blockquote></p><p> The first sign of a negative reversal here would be if the April VIX futures traded above the price of May VIX futures.</p><p><blockquote>负面逆转的第一个迹象是4月份VIX期货的交易价格高于5月份VIX期货的价格。</blockquote></p><p> Near-term deterioration in some internal indicators is certainly a cause for worry, and small countertrend bearish positions can be taken because of that. However, the S&amp;P’s trend is still higher, and the trend of VIX is still lower – both bullish factors. So we still maintaining a “core” bullish position until those two trends are broken.</p><p><blockquote>一些内部指标的近期恶化无疑令人担忧，因此可以建立小型逆势看跌头寸。然而，标普的趋势仍然更高，VIX的趋势仍然更低——两者都是看涨因素。因此，我们仍然维持“核心”看涨立场，直到这两个趋势被打破。</blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stay bullish on the stock market in the face of some fresh sell signals<blockquote>面对一些新的卖出信号，保持看涨股市</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStay bullish on the stock market in the face of some fresh sell signals<blockquote>面对一些新的卖出信号，保持看涨股市</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">marketwatch</strong><span class=\"h-time small\">2021-03-26 11:54</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The stock market continues to be led by the Dow Jones Industrial Average,with NASDAQ&nbsp;lagging noticeably behind, and the S&amp;P 500 indexcaught somewhere in the middle. This is not a good scenario for stocks.</p><p><blockquote>股市继续由道琼斯工业平均指数领涨，纳斯达克明显落后，标普500指数介于两者之间。对于股票来说，这不是一个好的情况。</blockquote></p><p> There is an old adage that it is not good for the market if the Generals are out in front of the Army (the “Generals” being General Motors, General Electric, etc. – i.e., the mainstays of the Dow of days gone by; the “Army” being the main body of stocks). The point is that if the advance is narrow and limited to the largest institutional stocks, then trouble lies ahead.</p><p><blockquote>有一句古老的谚语说，如果将军们在军队前面，对市场没有好处（“将军”是通用汽车、通用电气等。–即过去道琼斯指数的中流砥柱；“军队”是股票的主体）。关键是，如果涨幅狭窄且仅限于最大的机构股，那么麻烦就在前方。</blockquote></p><p> It is a good point, but too vague to implement as a trading system. We would normally see that reflected in breadth (which is now giving a sell signal) and new highs vs. new lows (which is also on a sell signal).</p><p><blockquote>这是一个很好的观点，但太模糊了，无法作为一个交易系统来实施。我们通常会看到这反映在广度（现在给出卖出信号）和新高与新低（也是卖出信号）上。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c46ab28413e089cb3da5f328292ad4e7\" tg-width=\"620\" tg-height=\"465\" referrerpolicy=\"no-referrer\">LAWRENCE MCMILLAN</p><p><blockquote>劳伦斯·麦克米兰</blockquote></p><p> One positive thing is that the SPX chart is still in an uptrend, as the moving averages and “modified Bollinger Bands” are still trending higher. However, if the S&amp;P breaks through support at 3,870, that uptrend would be called into question. As one can see from the accompanying chart, there is further support near 3,725. If that is broken, the bears would clearly be in charge. Meanwhile, the recent all-time highs, at 3,985, represent resistance.</p><p><blockquote>一件积极的事情是，SPX图表仍处于上升趋势，因为移动平均线和“修正布林线”仍呈走高趋势。然而，如果标准普尔指数突破3,870点的支撑位，这一上升趋势将受到质疑。从附图可以看出，3725点附近有进一步的支撑。如果这一点被打破，空头显然会掌权。与此同时，近期历史高点3,985点代表阻力位。</blockquote></p><p> What is different today compared to previous minor pullbacks is that several of our internal indicators have weakened considerably and are on sell signals: breadth, new highs vs. new lows, and equity-only put-call ratios.</p><p><blockquote>与之前的小幅回调相比，今天的不同之处在于，我们的几个内部指标已显着减弱并发出卖出信号：广度、新高与新低以及仅股票的看跌看涨期权比率。</blockquote></p><p> Equity-only put-call ratios remain on sell signals that were first generated in mid-February and that have strengthened by beginning to rise rapidly.&nbsp;They are still relatively low on their charts, meaning that there is a lot of room to move higher before one might say they are “oversold.”</p><p><blockquote>仅股票的看跌-看涨期权比率仍处于2月中旬首次产生的卖出信号，并通过开始快速上涨而加强。它们在图表上仍然相对较低，这意味着在人们可能会说它们“超卖”之前还有很大的走高空间。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bfd689fa18eceb515c752afa1cb024f7\" tg-width=\"620\" tg-height=\"465\" referrerpolicy=\"no-referrer\">LAWRENCE MCMILLAN<img src=\"https://static.tigerbbs.com/9216bd23616405d8464aa44f5baea259\" tg-width=\"620\" tg-height=\"460\" referrerpolicy=\"no-referrer\">LAWRENCE MCMILLAN</p><p><blockquote>劳伦斯·麦克米兰劳伦斯·麦克米兰</blockquote></p><p> Breadth has deteriorated badly over the past two weeks – especially this last week. Sell signals were generated by the breadth oscillators on March 18 and March 19, and those oscillators have plunged since then.&nbsp;The “stocks only” breadth oscillator has already descended into oversold territory, but “oversold doesn’t mean buy.”</p><p><blockquote>广度在过去两周严重恶化，尤其是上周。3月18日和3月19日，广度振荡指标产生了卖出信号，此后这些振荡指标暴跌。“仅限股票”的广度振荡指标已经跌至超卖区域，但“超卖并不意味着买入”。</blockquote></p><p> The NYSE breadth oscillator is also moving lower, but at a much slower pace, since the more positive “Dow-type” stocks have a heavier weight in that oscillator.</p><p><blockquote>纽约证券交易所广度振荡指标也在走低，但速度要慢得多，因为更积极的“道琼斯型”股票在该振荡指标中的权重更大。</blockquote></p><p> Meanwhile, cumulative breadth has fallen sharply as well. That is not a signal, but it is worth noting that the “stocks only” cumulative advance-decline line has fallen almost 10,000 issues since the cumulative A-D line reached an all-time high on March 15 (that is, over that time, summing the daily figures, declines have outnumbered advances by 10,000 issues).</p><p><blockquote>与此同时，累计广度也大幅下降。这不是一个信号，但值得注意的是，自3月15日累计A-D线达到历史新高以来，“仅股票”累计上涨-下跌线已经下跌了近10,000期（也就是说，在此期间，将每日数据相加，下跌数量超过上涨数量10,000期）。</blockquote></p><p> A significant development has also occurred in the case of the “new highs vs. new lows” indicator. On March 23, new 52-week lows outnumbered new 52-week highs andnew 52-week lows numbered more than 100 issues — the first time that has happened since last May.&nbsp;That was the case again on March 24.&nbsp;That places this indicator on a sell signal until new highs take control once again.</p><p><blockquote>“新高对新低”指标也出现了重大发展。3月23日，52周新低数量超过52周新高，52周新低数量超过100期——这是自去年5月以来首次发生。3月24日再次出现这种情况。这使得该指标处于卖出信号，直到新高再次占据主导地位。</blockquote></p><p> Countering the negativity of put-call ratios, breadth, and new highs vs. new lows, is the fact that the volatility indicators still remain generally bullish. VIX has not risen substantially (yet), so the “spike peak” buy signal of March 4 remains in place.</p><p><blockquote>与看跌看涨期权比率、广度以及新高与新低的负面影响相反，波动性指标仍然普遍看涨。VIX尚未大幅上涨，因此3月4日的“峰值”买入信号仍然存在。</blockquote></p><p> Moreover, the trend of VIXVIX,-6.56%continues to be lower, as both VIX and its 20-day moving average are below the declining 200-day moving average. In fact, on March 22, VIX closed at its lowest price (18.88) since February 2020.</p><p><blockquote>此外，VIXVIX,-6.56%的趋势继续走低，因为VIX及其20日移动平均线均低于下降的200日移动平均线。事实上，3月22日，VIX收于2020年2月以来的最低价（18.88）。</blockquote></p><p> If VIX should continue to fall below there, it would be a bullish sign for stocks.</p><p><blockquote>如果VIX继续跌破该水平，这将是股市的看涨信号。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c5d40b1aedd4e9457306d25814439c92\" tg-width=\"620\" tg-height=\"465\" referrerpolicy=\"no-referrer\">LAWRENCE MCMILLAN</p><p><blockquote>劳伦斯·麦克米兰</blockquote></p><p> As we’ve noted previously, the fact that VIX has remained so high all during the huge rally over the past year has been a worrisome sign for many traders. But the traders that were keeping VIX higher were actually correct, because realized volatility of SPX (i.e., its 20-day historical volatility) has been just below 20 since early March. Thus, realized volatility rose to meet implied volatility, rather than the other way around (which is more often the case).</p><p><blockquote>正如我们之前指出的，VIX在过去一年的大幅上涨期间一直保持在如此高的水平，这对许多交易者来说是一个令人担忧的迹象。但维持VIX走高的交易员实际上是正确的，因为自3月初以来，SPX的已实现波动率（即其20天历史波动率）一直略低于20。因此，已实现波动率上升是为了满足隐含波动率，而不是相反（这种情况更常见）。</blockquote></p><p> Now, if one wants to make the case that it is worrisome to see both forms of volatility this high, then so be it. But there is no longer any significant difference between the S&amp;P’s realized and implied volatility.</p><p><blockquote>现在，如果有人想证明看到这两种形式的波动如此之高令人担忧，那就这样吧。但标普的已实现和隐含波动率之间不再存在任何显著差异。</blockquote></p><p></p><p> The construct of volatility derivatives has remained bullish throughout.&nbsp;VIX futures are all trading at premiums to VIX, and the term structure slopes upward through the coming summer. Similarly, the term structure of the CBOE Volatility Indices slopes upward through the next six months as well.</p><p><blockquote>波动性衍生品的结构始终保持看涨。VIX期货的交易价格都高于VIX，期限结构在即将到来的夏季向上倾斜。同样，芝加哥期权交易所波动率指数的期限结构在未来六个月也向上倾斜。</blockquote></p><p> The first sign of a negative reversal here would be if the April VIX futures traded above the price of May VIX futures.</p><p><blockquote>负面逆转的第一个迹象是4月份VIX期货的交易价格高于5月份VIX期货的价格。</blockquote></p><p> Near-term deterioration in some internal indicators is certainly a cause for worry, and small countertrend bearish positions can be taken because of that. However, the S&amp;P’s trend is still higher, and the trend of VIX is still lower – both bullish factors. So we still maintaining a “core” bullish position until those two trends are broken.</p><p><blockquote>一些内部指标的近期恶化无疑令人担忧，因此可以建立小型逆势看跌头寸。然而，标普的趋势仍然更高，VIX的趋势仍然更低——两者都是看涨因素。因此，我们仍然维持“核心”看涨立场，直到这两个趋势被打破。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/stay-bullish-on-the-stock-market-in-the-face-of-some-fresh-sell-signals-01616682019?mod=home-page\">marketwatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/5d8fb95e65f042f352c6313989391357","relate_stocks":{".SPX":"S&P 500 Index"},"source_url":"https://www.marketwatch.com/story/stay-bullish-on-the-stock-market-in-the-face-of-some-fresh-sell-signals-01616682019?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100799979","content_text":"The stock market continues to be led by the Dow Jones Industrial Average,with NASDAQ lagging noticeably behind, and the S&P 500 indexcaught somewhere in the middle. This is not a good scenario for stocks.\nThere is an old adage that it is not good for the market if the Generals are out in front of the Army (the “Generals” being General Motors, General Electric, etc. – i.e., the mainstays of the Dow of days gone by; the “Army” being the main body of stocks). The point is that if the advance is narrow and limited to the largest institutional stocks, then trouble lies ahead.\nIt is a good point, but too vague to implement as a trading system. We would normally see that reflected in breadth (which is now giving a sell signal) and new highs vs. new lows (which is also on a sell signal).\nLAWRENCE MCMILLAN\nOne positive thing is that the SPX chart is still in an uptrend, as the moving averages and “modified Bollinger Bands” are still trending higher. However, if the S&P breaks through support at 3,870, that uptrend would be called into question. As one can see from the accompanying chart, there is further support near 3,725. If that is broken, the bears would clearly be in charge. Meanwhile, the recent all-time highs, at 3,985, represent resistance.\nWhat is different today compared to previous minor pullbacks is that several of our internal indicators have weakened considerably and are on sell signals: breadth, new highs vs. new lows, and equity-only put-call ratios.\nEquity-only put-call ratios remain on sell signals that were first generated in mid-February and that have strengthened by beginning to rise rapidly. They are still relatively low on their charts, meaning that there is a lot of room to move higher before one might say they are “oversold.”\nLAWRENCE MCMILLANLAWRENCE MCMILLAN\nBreadth has deteriorated badly over the past two weeks – especially this last week. Sell signals were generated by the breadth oscillators on March 18 and March 19, and those oscillators have plunged since then. The “stocks only” breadth oscillator has already descended into oversold territory, but “oversold doesn’t mean buy.”\nThe NYSE breadth oscillator is also moving lower, but at a much slower pace, since the more positive “Dow-type” stocks have a heavier weight in that oscillator.\nMeanwhile, cumulative breadth has fallen sharply as well. That is not a signal, but it is worth noting that the “stocks only” cumulative advance-decline line has fallen almost 10,000 issues since the cumulative A-D line reached an all-time high on March 15 (that is, over that time, summing the daily figures, declines have outnumbered advances by 10,000 issues).\nA significant development has also occurred in the case of the “new highs vs. new lows” indicator. On March 23, new 52-week lows outnumbered new 52-week highs andnew 52-week lows numbered more than 100 issues — the first time that has happened since last May. That was the case again on March 24. That places this indicator on a sell signal until new highs take control once again.\nCountering the negativity of put-call ratios, breadth, and new highs vs. new lows, is the fact that the volatility indicators still remain generally bullish. VIX has not risen substantially (yet), so the “spike peak” buy signal of March 4 remains in place.\nMoreover, the trend of VIXVIX,-6.56%continues to be lower, as both VIX and its 20-day moving average are below the declining 200-day moving average. In fact, on March 22, VIX closed at its lowest price (18.88) since February 2020.\nIf VIX should continue to fall below there, it would be a bullish sign for stocks.\nLAWRENCE MCMILLAN\nAs we’ve noted previously, the fact that VIX has remained so high all during the huge rally over the past year has been a worrisome sign for many traders. But the traders that were keeping VIX higher were actually correct, because realized volatility of SPX (i.e., its 20-day historical volatility) has been just below 20 since early March. Thus, realized volatility rose to meet implied volatility, rather than the other way around (which is more often the case).\nNow, if one wants to make the case that it is worrisome to see both forms of volatility this high, then so be it. But there is no longer any significant difference between the S&P’s realized and implied volatility.\nThe construct of volatility derivatives has remained bullish throughout. VIX futures are all trading at premiums to VIX, and the term structure slopes upward through the coming summer. Similarly, the term structure of the CBOE Volatility Indices slopes upward through the next six months as well.\nThe first sign of a negative reversal here would be if the April VIX futures traded above the price of May VIX futures.\nNear-term deterioration in some internal indicators is certainly a cause for worry, and small countertrend bearish positions can be taken because of that. However, the S&P’s trend is still higher, and the trend of VIX is still lower – both bullish factors. So we still maintaining a “core” bullish position until those two trends are broken.","news_type":1,"symbols_score_info":{".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":1984,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":322104809,"gmtCreate":1615779475701,"gmtModify":1703492831660,"author":{"id":"3575601035249258","authorId":"3575601035249258","name":"Trk","avatar":"https://static.tigerbbs.com/6c696f57ad24f93a635678126f3d58bb","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575601035249258","authorIdStr":"3575601035249258"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>Justbought in !","listText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>Justbought in !","text":"$Lion-OCBC Sec HSTECH S$(HST.SI)$Justbought in !","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/322104809","isVote":1,"tweetType":1,"viewCount":740,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":358030588,"gmtCreate":1616638675744,"gmtModify":1631883696918,"author":{"id":"3575601035249258","authorId":"3575601035249258","name":"Trk","avatar":"https://static.tigerbbs.com/6c696f57ad24f93a635678126f3d58bb","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575601035249258","authorIdStr":"3575601035249258"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>Still holding on! Should I add more units?","listText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>Still holding on! Should I add more units?","text":"$Lion-OCBC Sec HSTECH S$(HST.SI)$Still holding on! Should I add more units?","images":[{"img":"https://static.tigerbbs.com/931bc55a21b4ec7b427ef698ff51dce3","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/358030588","isVote":1,"tweetType":1,"viewCount":1851,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":327043619,"gmtCreate":1616042728531,"gmtModify":1703496793540,"author":{"id":"3575601035249258","authorId":"3575601035249258","name":"Trk","avatar":"https://static.tigerbbs.com/6c696f57ad24f93a635678126f3d58bb","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575601035249258","authorIdStr":"3575601035249258"},"themes":[],"htmlText":"Like please~","listText":"Like please~","text":"Like please~","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/327043619","repostId":"1114091354","repostType":4,"isVote":1,"tweetType":1,"viewCount":368,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":800906899,"gmtCreate":1627269340811,"gmtModify":1631883693061,"author":{"id":"3575601035249258","authorId":"3575601035249258","name":"Trk","avatar":"https://static.tigerbbs.com/6c696f57ad24f93a635678126f3d58bb","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575601035249258","authorIdStr":"3575601035249258"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>🥲","listText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>🥲","text":"$Lion-OCBC Sec HSTECH S$(HST.SI)$🥲","images":[{"img":"https://static.tigerbbs.com/9c295064a90b39dfdaf27d56c20dd3ef","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/800906899","isVote":1,"tweetType":1,"viewCount":1324,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":358038253,"gmtCreate":1616638923672,"gmtModify":1634524789198,"author":{"id":"3575601035249258","authorId":"3575601035249258","name":"Trk","avatar":"https://static.tigerbbs.com/6c696f57ad24f93a635678126f3d58bb","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575601035249258","authorIdStr":"3575601035249258"},"themes":[],"htmlText":"Hang in there! Is this a good opportunity to buy in?","listText":"Hang in there! Is this a good opportunity to buy in?","text":"Hang in there! Is this a good opportunity to buy in?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/358038253","repostId":"1193689570","repostType":4,"repost":{"id":"1193689570","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1616635457,"share":"https://www.laohu8.com/m/news/1193689570?lang=zh_CN&edition=full","pubTime":"2021-03-25 09:24","market":"hk","language":"en","title":"The Hang Seng Index fell 1.04% at the opening. Baidu Group fell more than 9%<blockquote>恒生指数开盘跌1.04%。百度集团跌超9%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1193689570","media":"Tiger Newspress","summary":"Hong Kong stocks opened, and the HSI opened 1.04% lower. Technology stocks and Hong Kong local stock","content":"<p>Hong Kong stocks opened, and the HSI opened 1.04% lower. Technology stocks and Hong Kong local stocks continued to fall under pressure. Tencent Holdings opened nearly 4% lower, hitting the 600 Hong Kong dollar mark.</p><p><blockquote>港股开盘，恒指低开1.04%。科技股和香港本地股继续承压下跌。腾讯控股控股低开近4%，触及600港元关口。</blockquote></p><p><img src=\"https://static.tigerbbs.com/fabd51f049677ea8ecfac90f9b86bb5f\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>Baidu opened 9.09% lower and reported 228 Hong Kong dollars, a record low. The turnover temporarily recorded 77.8 million Hong Kong dollars.</p><p><blockquote>百度低开9.09%，报228港元，创历史新低。营业额暂录7780万港元。</blockquote></p><p><img src=\"https://static.tigerbbs.com/f36b74df301e2a4ac23e0f02f3c971c2\" tg-width=\"840\" tg-height=\"470\"></p><p><blockquote></blockquote></p><p>Xiaomi Group fell 4.6%, and its revenue and net profit performance in 2020 fell short of market expectations.</p><p><blockquote>小米集团跌4.6%，2020年营收和净利润表现不及市场预期。</blockquote></p><p>JD.com and Meituan both fell more than 3%.</p><p><blockquote>京东、美团-W均跌超3%。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Hang Seng Index fell 1.04% at the opening. Baidu Group fell more than 9%<blockquote>恒生指数开盘跌1.04%。百度集团跌超9%</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Hang Seng Index fell 1.04% at the opening. Baidu Group fell more than 9%<blockquote>恒生指数开盘跌1.04%。百度集团跌超9%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-03-25 09:24</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Hong Kong stocks opened, and the HSI opened 1.04% lower. Technology stocks and Hong Kong local stocks continued to fall under pressure. Tencent Holdings opened nearly 4% lower, hitting the 600 Hong Kong dollar mark.</p><p><blockquote>港股开盘，恒指低开1.04%。科技股和香港本地股继续承压下跌。腾讯控股控股低开近4%，触及600港元关口。</blockquote></p><p><img src=\"https://static.tigerbbs.com/fabd51f049677ea8ecfac90f9b86bb5f\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>Baidu opened 9.09% lower and reported 228 Hong Kong dollars, a record low. The turnover temporarily recorded 77.8 million Hong Kong dollars.</p><p><blockquote>百度低开9.09%，报228港元，创历史新低。营业额暂录7780万港元。</blockquote></p><p><img src=\"https://static.tigerbbs.com/f36b74df301e2a4ac23e0f02f3c971c2\" tg-width=\"840\" tg-height=\"470\"></p><p><blockquote></blockquote></p><p>Xiaomi Group fell 4.6%, and its revenue and net profit performance in 2020 fell short of market expectations.</p><p><blockquote>小米集团跌4.6%，2020年营收和净利润表现不及市场预期。</blockquote></p><p>JD.com and Meituan both fell more than 3%.</p><p><blockquote>京东、美团-W均跌超3%。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c1cb237e736a4e03c939622e7b71e8e7","relate_stocks":{"00700":"腾讯控股"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193689570","content_text":"Hong Kong stocks opened, and the HSI opened 1.04% lower. Technology stocks and Hong Kong local stocks continued to fall under pressure. Tencent Holdings opened nearly 4% lower, hitting the 600 Hong Kong dollar mark.Baidu opened 9.09% lower and reported 228 Hong Kong dollars, a record low. The turnover temporarily recorded 77.8 million Hong Kong dollars.Xiaomi Group fell 4.6%, and its revenue and net profit performance in 2020 fell short of market expectations.JD.com and Meituan both fell more than 3%.","news_type":1,"symbols_score_info":{"00700":0.9}},"isVote":1,"tweetType":1,"viewCount":1330,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":353850610,"gmtCreate":1616484132030,"gmtModify":1631883696957,"author":{"id":"3575601035249258","authorId":"3575601035249258","name":"Trk","avatar":"https://static.tigerbbs.com/6c696f57ad24f93a635678126f3d58bb","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575601035249258","authorIdStr":"3575601035249258"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>Bought on dip","listText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>Bought on dip","text":"$Lion-OCBC Sec HSTECH S$(HST.SI)$Bought on dip","images":[{"img":"https://static.tigerbbs.com/d561592454a51e0a0095505fd40527bd","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/353850610","isVote":1,"tweetType":1,"viewCount":340,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":351384900,"gmtCreate":1616564468700,"gmtModify":1631883696941,"author":{"id":"3575601035249258","authorId":"3575601035249258","name":"Trk","avatar":"https://static.tigerbbs.com/6c696f57ad24f93a635678126f3d58bb","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575601035249258","authorIdStr":"3575601035249258"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>Dropped again today","listText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>Dropped again today","text":"$Lion-OCBC Sec HSTECH S$(HST.SI)$Dropped again today","images":[{"img":"https://static.tigerbbs.com/30626d2ba4a6ef4f25a4323ca0e50cf1","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/351384900","isVote":1,"tweetType":1,"viewCount":2414,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":324258317,"gmtCreate":1615997183039,"gmtModify":1703496221584,"author":{"id":"3575601035249258","authorId":"3575601035249258","name":"Trk","avatar":"https://static.tigerbbs.com/6c696f57ad24f93a635678126f3d58bb","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575601035249258","authorIdStr":"3575601035249258"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BAC\">$Bank of America(BAC)$</a>better late than nenever?","listText":"<a href=\"https://laohu8.com/S/BAC\">$Bank of America(BAC)$</a>better late than nenever?","text":"$Bank of America(BAC)$better late than nenever?","images":[{"img":"https://static.tigerbbs.com/1470ed93bbe954fe0a4e5181b07cbb4c","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/324258317","isVote":1,"tweetType":1,"viewCount":552,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":358776876,"gmtCreate":1616736151295,"gmtModify":1634524281453,"author":{"id":"3575601035249258","authorId":"3575601035249258","name":"Trk","avatar":"https://static.tigerbbs.com/6c696f57ad24f93a635678126f3d58bb","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575601035249258","authorIdStr":"3575601035249258"},"themes":[],"htmlText":"Yes!&nbsp;","listText":"Yes!&nbsp;","text":"Yes!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/358776876","repostId":"1140607641","repostType":4,"repost":{"id":"1140607641","kind":"news","pubTimestamp":1616721140,"share":"https://www.laohu8.com/m/news/1140607641?lang=zh_CN&edition=full","pubTime":"2021-03-26 09:12","market":"us","language":"en","title":"Fed Lifting Limits on Bank Dividends and Share Repurchases<blockquote>美联储取消银行股息和股票回购限制</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1140607641","media":"thestreet","summary":"The Federal Reserve said after the bell Thursday that it plans to lift restrictions on bank dividend","content":"<p>The Federal Reserve said after the bell Thursday that it plans to lift restrictions on bank dividends and share buybacks for most firms after June 30.</p><p><blockquote>美联储周四盘后表示，计划在6月30日之后取消对大多数公司的银行股息和股票回购的限制。</blockquote></p><p> The temporary restrictions, imposed as the coronavirus pandemic forced economic shutdowns, limited banks’ ability to raise their dividends and execute share buyback plans.</p><p><blockquote>由于冠状病毒大流行迫使经济停摆而实施的临时限制限制了银行提高股息和执行股票回购计划的能力。</blockquote></p><p> However, with the economy gathering steam and unemployment claims continuing to fall, the Fed said it would lift the restrictions on banks with capital levels above those required by the stress tests currently underway. The Fed’s stress tests examine major banks’ balance sheets and their ability to withstand unusual financial events, including sharp market drops and abrupt housing price declines.</p><p><blockquote>然而，随着经济势头增强和失业救济人数持续下降，美联储表示，将取消对资本水平高于目前正在进行的压力测试要求的银行的限制。美联储的压力测试考察了主要银行的资产负债表及其抵御异常金融事件的能力，包括市场大幅下跌和房价突然下跌。</blockquote></p><p> \"The banking system continues to be a source of strength and returning to our normal framework after this year's stress test will preserve that strength,\" Vice Chair for Supervision Randal K. Quarles said.</p><p><blockquote>监管副主席兰德尔·K·夸尔斯(Randal K.Quarles)表示：“银行体系仍然是力量的源泉，在今年的压力测试后恢复正常框架将保持这种力量。”</blockquote></p><p> Shares of major banks rose in after-hours trading Thursday after logging gains in the regular session ahead of the Fed’s announcement.</p><p><blockquote>在美联储宣布这一消息之前的常规交易中，主要银行的股价在周四盘后交易中上涨。</blockquote></p><p> In after-hours action Citigroup&nbsp;(<b>C</b>) -Get Report&nbsp;rose 75 cents, or 1%, to $72.47; JPMorgan Chase&nbsp;(<b>JPM</b>) -Get Reportrose $1.09, or 0.7%, to $154.64; Bank of America Corp.&nbsp;(<b>BAC</b>) -Get Reportgained 33 cents, or 0.9%, to $37.99, and Wells Fargo&nbsp;(<b>WFC</b>) -Get Report&nbsp;rose 31 cents, or 0.8%, to $39.61.</p><p><blockquote>在盘后行动中花旗集团（<b>C</b>)-Get Report上涨75美分，即1%，至72.47美元；摩根大通(<b>JPM</b>)-Get Reportrose上涨1.09美元，即0.7%，至154.64美元；美国银行（<b>BAC</b>)-GET Report上涨33美分，即0.9%，至37.99美元，富国银行(<b>WFC</b>)-Get Report上涨31美分，即0.8%，至39.61美元。</blockquote></p><p> Rebounding interest rates have fueled optimism for banks in recent weeks on expectations bank lending businesses can begin to make more money on the differences between long-term and short-term rates. The Financial Select Spider Fund&nbsp;(<b>XLF</b>) -Get Report, is up almost 13% so far this year.</p><p><blockquote>最近几周，利率反弹激发了银行的乐观情绪，因为人们预期银行贷款业务可以开始从长期和短期利率之间的差异中赚更多的钱。金融精选蜘蛛基金（<b>XLF</b>)-Get报告，今年迄今为止上涨了近13%。</blockquote></p><p> Stocksshook off losses and finished higher Thursdayas investors weighed encouraging economic data and assessed progress in the fight against COVID-19.</p><p><blockquote>由于投资者权衡令人鼓舞的经济数据并评估抗击COVID-19的进展，周四股市摆脱跌势并收高。</blockquote></p><p> President Joe Biden said Thursdayhe doubled his vaccination goal to 200 million shots in his first 100 days in office.</p><p><blockquote>美国总统乔·拜登周四表示，在上任的头100天里，他将疫苗接种目标提高了一倍，达到2亿剂。</blockquote></p><p> The Dow Jones Industrial Average finished up 199 points, or 0.62%, at 32,619, the S&amp;P 500 rose 0.52% and the tech-heavy Nasdaq ticked up 0.12%.</p><p><blockquote>道琼斯工业平均指数收盘上涨199点，涨幅0.62%，至32,619点，标普500上涨0.52%，以科技股为主的纳斯达克上涨0.12%。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fed Lifting Limits on Bank Dividends and Share Repurchases<blockquote>美联储取消银行股息和股票回购限制</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed Lifting Limits on Bank Dividends and Share Repurchases<blockquote>美联储取消银行股息和股票回购限制</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">thestreet</strong><span class=\"h-time small\">2021-03-26 09:12</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The Federal Reserve said after the bell Thursday that it plans to lift restrictions on bank dividends and share buybacks for most firms after June 30.</p><p><blockquote>美联储周四盘后表示，计划在6月30日之后取消对大多数公司的银行股息和股票回购的限制。</blockquote></p><p> The temporary restrictions, imposed as the coronavirus pandemic forced economic shutdowns, limited banks’ ability to raise their dividends and execute share buyback plans.</p><p><blockquote>由于冠状病毒大流行迫使经济停摆而实施的临时限制限制了银行提高股息和执行股票回购计划的能力。</blockquote></p><p> However, with the economy gathering steam and unemployment claims continuing to fall, the Fed said it would lift the restrictions on banks with capital levels above those required by the stress tests currently underway. The Fed’s stress tests examine major banks’ balance sheets and their ability to withstand unusual financial events, including sharp market drops and abrupt housing price declines.</p><p><blockquote>然而，随着经济势头增强和失业救济人数持续下降，美联储表示，将取消对资本水平高于目前正在进行的压力测试要求的银行的限制。美联储的压力测试考察了主要银行的资产负债表及其抵御异常金融事件的能力，包括市场大幅下跌和房价突然下跌。</blockquote></p><p> \"The banking system continues to be a source of strength and returning to our normal framework after this year's stress test will preserve that strength,\" Vice Chair for Supervision Randal K. Quarles said.</p><p><blockquote>监管副主席兰德尔·K·夸尔斯(Randal K.Quarles)表示：“银行体系仍然是力量的源泉，在今年的压力测试后恢复正常框架将保持这种力量。”</blockquote></p><p> Shares of major banks rose in after-hours trading Thursday after logging gains in the regular session ahead of the Fed’s announcement.</p><p><blockquote>在美联储宣布这一消息之前的常规交易中，主要银行的股价在周四盘后交易中上涨。</blockquote></p><p> In after-hours action Citigroup&nbsp;(<b>C</b>) -Get Report&nbsp;rose 75 cents, or 1%, to $72.47; JPMorgan Chase&nbsp;(<b>JPM</b>) -Get Reportrose $1.09, or 0.7%, to $154.64; Bank of America Corp.&nbsp;(<b>BAC</b>) -Get Reportgained 33 cents, or 0.9%, to $37.99, and Wells Fargo&nbsp;(<b>WFC</b>) -Get Report&nbsp;rose 31 cents, or 0.8%, to $39.61.</p><p><blockquote>在盘后行动中花旗集团（<b>C</b>)-Get Report上涨75美分，即1%，至72.47美元；摩根大通(<b>JPM</b>)-Get Reportrose上涨1.09美元，即0.7%，至154.64美元；美国银行（<b>BAC</b>)-GET Report上涨33美分，即0.9%，至37.99美元，富国银行(<b>WFC</b>)-Get Report上涨31美分，即0.8%，至39.61美元。</blockquote></p><p> Rebounding interest rates have fueled optimism for banks in recent weeks on expectations bank lending businesses can begin to make more money on the differences between long-term and short-term rates. The Financial Select Spider Fund&nbsp;(<b>XLF</b>) -Get Report, is up almost 13% so far this year.</p><p><blockquote>最近几周，利率反弹激发了银行的乐观情绪，因为人们预期银行贷款业务可以开始从长期和短期利率之间的差异中赚更多的钱。金融精选蜘蛛基金（<b>XLF</b>)-Get报告，今年迄今为止上涨了近13%。</blockquote></p><p> Stocksshook off losses and finished higher Thursdayas investors weighed encouraging economic data and assessed progress in the fight against COVID-19.</p><p><blockquote>由于投资者权衡令人鼓舞的经济数据并评估抗击COVID-19的进展，周四股市摆脱跌势并收高。</blockquote></p><p> President Joe Biden said Thursdayhe doubled his vaccination goal to 200 million shots in his first 100 days in office.</p><p><blockquote>美国总统乔·拜登周四表示，在上任的头100天里，他将疫苗接种目标提高了一倍，达到2亿剂。</blockquote></p><p> The Dow Jones Industrial Average finished up 199 points, or 0.62%, at 32,619, the S&amp;P 500 rose 0.52% and the tech-heavy Nasdaq ticked up 0.12%.</p><p><blockquote>道琼斯工业平均指数收盘上涨199点，涨幅0.62%，至32,619点，标普500上涨0.52%，以科技股为主的纳斯达克上涨0.12%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/investing/fed-lifting-limits-on-bank-dividends-and-share-repurchases\">thestreet</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.thestreet.com/investing/fed-lifting-limits-on-bank-dividends-and-share-repurchases","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140607641","content_text":"The Federal Reserve said after the bell Thursday that it plans to lift restrictions on bank dividends and share buybacks for most firms after June 30.\nThe temporary restrictions, imposed as the coronavirus pandemic forced economic shutdowns, limited banks’ ability to raise their dividends and execute share buyback plans.\nHowever, with the economy gathering steam and unemployment claims continuing to fall, the Fed said it would lift the restrictions on banks with capital levels above those required by the stress tests currently underway. The Fed’s stress tests examine major banks’ balance sheets and their ability to withstand unusual financial events, including sharp market drops and abrupt housing price declines.\n\"The banking system continues to be a source of strength and returning to our normal framework after this year's stress test will preserve that strength,\" Vice Chair for Supervision Randal K. Quarles said.\nShares of major banks rose in after-hours trading Thursday after logging gains in the regular session ahead of the Fed’s announcement.\nIn after-hours action Citigroup (C) -Get Report rose 75 cents, or 1%, to $72.47; JPMorgan Chase (JPM) -Get Reportrose $1.09, or 0.7%, to $154.64; Bank of America Corp. (BAC) -Get Reportgained 33 cents, or 0.9%, to $37.99, and Wells Fargo (WFC) -Get Report rose 31 cents, or 0.8%, to $39.61.\nRebounding interest rates have fueled optimism for banks in recent weeks on expectations bank lending businesses can begin to make more money on the differences between long-term and short-term rates. The Financial Select Spider Fund (XLF) -Get Report, is up almost 13% so far this year.\nStocksshook off losses and finished higher Thursdayas investors weighed encouraging economic data and assessed progress in the fight against COVID-19.\nPresident Joe Biden said Thursdayhe doubled his vaccination goal to 200 million shots in his first 100 days in office.\nThe Dow Jones Industrial Average finished up 199 points, or 0.62%, at 32,619, the S&P 500 rose 0.52% and the tech-heavy Nasdaq ticked up 0.12%.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1686,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":353151484,"gmtCreate":1616472976548,"gmtModify":1631883696966,"author":{"id":"3575601035249258","authorId":"3575601035249258","name":"Trk","avatar":"https://static.tigerbbs.com/6c696f57ad24f93a635678126f3d58bb","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575601035249258","authorIdStr":"3575601035249258"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>Jiayou","listText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>Jiayou","text":"$Lion-OCBC Sec HSTECH S$(HST.SI)$Jiayou","images":[{"img":"https://static.tigerbbs.com/d2083d414920369627ccaca1106fe98d","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/353151484","isVote":1,"tweetType":1,"viewCount":413,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":199863711,"gmtCreate":1620695315733,"gmtModify":1631883695733,"author":{"id":"3575601035249258","authorId":"3575601035249258","name":"Trk","avatar":"https://static.tigerbbs.com/6c696f57ad24f93a635678126f3d58bb","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575601035249258","authorIdStr":"3575601035249258"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>Huhuhu :(","listText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>Huhuhu :(","text":"$Lion-OCBC Sec HSTECH 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