Had to Post This…

Well sometimes one gets too see cool crap (aka Silver/HO sentiment), so you are getting way to many Volar posts this week. Even if we are in a bear market, for commodities for the medium term, this should make one think twice. Or this morning I sent out 50 bearish commodity charts… well everyone is bearish… so in the short-run take those trend lines with a grain of salt!

First lets start with silver… wow

Everyone is bearish. Dont be. Even if you want to sell the rally.

Now on to HO (heating oil)…. wow

Everyone is bearish. Dont be. Even if you want to sell the rally.

And for the heck of it… since I have nothing better to do right now… more charts.
[amprotect=nonmember] More of Volar’s charts and commentary below for anyone donning a secret decoder ring. If you are interested in becoming a Gold member then don’t waste time and sign up here. And if you are a Zero subscriber it includes access to all Gold posts, so you actually get double the bang for your buck.
[/amprotect] [amprotect=1,9,5,2] Bullish % index (this is not the number of traders bullish, this is based on point and figure charts).

Divergence.

Copper/Gold vs. SPX

Divergence.

And Copper/30 yr.

Divergence.

Also here is the net spec position in the NQ (nas futures)

Not expecting a short squeeze….. Moreover, to quote sentiment trader’s tweet: “As of Tuesday, small speculators were holding approx $17 B in SPX, NDX, and DJIA futures, largest since DEC, 07”

Also Seasonality seems to be weak this time of year for selected bull market years.

Seasonality has worked so far, but I could be wrong.

And of course the summation index. Something is going to happen, I promise.

Have a great evening,

-Volar
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