Yesterday I shared with you some thoughts on sentiment and much stuff- more today. I still have my same swing trades, but I don’t want to be a pig if you are getting my drift… or I don’t want to be left with a hot potato.
First some thoughts on commodities…. the “wall of worry.”
Exhibit A: POMO cumulative vs. CCI index
Exhibit B: POMO 20day vs. the CCI index
Now some more on the S&P.
This is Cumulative Advances-Declines. The key here is how MANY stocks continue to rise.
Ok here is a shorter term view of that.
Now I ran the ADV-DEC and divided it by the VIX for more fun.
This shows similar picture- new highs.
Here is a little price action for ya:
Here is the SPX/GLD- futures is below magnigot line FWIW.
EUR- Inside day futures-
Lastly SILVER COT:
Could be distribution- but wish I had Wednesday’s data.
Anyways have a great weekend- I will not be around for a bit- will be traveling a little bit.