Is Stock Market Rebound Tired?

Top investors are buying this “unlisted” stock

When the team that co-founded Zillow and grew it into a $16B real estate leader starts a new company, investors notice. That’s why top firms like SoftBank invested in Pacaso.

Disrupting the real estate industry once again, Pacaso’s streamlined platform offers co-ownership of premier properties – revamping a $1.3T market.

By handing keys to 2,000+ happy homeowners, Pacaso has already made $110m+ in gross profits.

Now, after 41% gross profit growth last year, they recently reserved the Nasdaq ticker PCSO. But the real opportunity is now, at the unlisted stage.

Until May 29, you can join Pacaso as an investor for just $2.80/share.

Invest before the window closes.

_{This is a paid advertisement for Pacaso’s Regulation A offering. Please read the offering circular at invest.pacaso.com. Reserving a ticker symbol is not a guarantee that the company will go public. Listing on the NASDAQ is subject to approvals. Under Regulation A+, a company has the ability to change its share price by up to 20%, without requalifying the offering with the SEC.}

SPX vs McClellan Summation Index

• We mentioned a few times that the McClellan Summation Index is a good swing trend indicator.

• It has been declining since the last SPX high. This is one indication that the market rebound since April may be over.

Sentiment & Technical Analysis

• The CNN’s Fear & Greed Index slightly declined—a nothing burger.

• The McClellan Volume Summation Index has declined for several days, while the Net New 52 Highs and Lows on the NYSE is still rising.

• The divergence between these indicators represented an advanced warning about a potential SPX trend reversal. 

• When the Net New 52 Highs and Lows starts to decline, it may signal that the SPX trend has reversed.

Notes: 

The McClellan Volume Summation Index - This measure looks at the amount, or volume, of shares on the NYSE that are rising compared to the number of shares that are falling. A low (or even negative) number is a bearish sign. The Fear & Greed Index uses decreasing trading volume as a signal for Fear.

The Net New 52 Highs and Lows on the NYSE - A few big stocks can skew returns for the market. It’s also important to know how many stocks are doing well versus those that are struggling. This shows the number of stocks on the NYSE at 52-week highs compared to those at 52-week lows. When there are many more highs than lows, that’s a bullish sign and signals Greed.

BraVoCycles on X

• Consider following me on X (former Twitter) in addition to the newsletter, as I often post valuable information there in real time between the newsletters.

  • Extremely low spread between BB-rated and BBB-rated bond yields suggests complacency in the bond market. However, it is not a short-term sell signal but something to be aware of and watch for a crack in the bond market. 

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