The April 2015 NYSE margin level is a concern, not for its level, but its effect on NYSE prices - it looks like it's broken.

The last 3 months has seen a handsome increase in NYSE margin  yet prices have not moved an equal amount. This new buying power has been met with equal selling power. This is simple distribution, or more likely the informed selling to the uniformed. Or the smart money selling to the dumb money, those that are last to this party. This is also another reason why the NYSE Summation Index has struggled to get past the +500 level as per previous post.

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Investing Quotes

"If we wish to avert failure in speculation we must deal with causes. Everything in existence is based on exact proportion and perfect relationship. There is no chance in nature, because mathematical principles of the highest order lie at the foundation of all things. Faraday said: `There is nothing in the Universe but mathematical points of force." - William D Gann


"The minute you get away from the fundamentals – whether it’s proper technique, work ethic, or mental preparation – the bottom can fall out of your game." - Basketball legend Michael Jordan.