With yet another Fed day arriving there are a number of non conformations in the market which have not matched recent highs in the stock market. Charts are courtesy nasdaq.com:
1) No new highs in the Transports in over 1.5 years:
2) The same holds for the Russel 2000 small cap Index:
3) Financial stocks are lagging way behind:
4) Oil stocks are nowhere near their yearly highs:
5) Base metals like copper and related stocks are lagging way behind as well:
6) Last but not the least the CBOE Volatility Index the Vix (Chart from marketwatch.com) is yet to take out its yearly lows:
1) No new highs in the Transports in over 1.5 years:
2) The same holds for the Russel 2000 small cap Index:
3) Financial stocks are lagging way behind:
4) Oil stocks are nowhere near their yearly highs:
5) Base metals like copper and related stocks are lagging way behind as well:
6) Last but not the least the CBOE Volatility Index the Vix (Chart from marketwatch.com) is yet to take out its yearly lows:
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