Carpenter Analytix

Cross-Section Analysis

Tail Skew Profile


Wednesday August 5 had major averages up (a little).  The Russell 2000 gained 0.24% (0.32 sigma on chart) and the S&P was up 0.31% (0.48 sigma on chart).  But 5 of 9 Tail Skew metrics were negative.  All 8 Inner Skews were negative.  This is a profile of near-term weakness.

One-day Tail Skew Profile (above) indicates near-term strength or weakness.

See charts of continuous Skew Paths for broader context inference.