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Quick Sentiment Update

Quick Sentiment Update

by MoleOctober 24, 2011

Well I (volar) have some mixed stuff to share.

First, in regards to equities, I have something interesting to watch- the Rydex levered ETF asset ratio.

This simply suggests that things are “overbought.” However, if we embed (like we did last santa season) this can last for some time. I personally would like to see this ratio near 1.9x or have the SPX greater than 7% above its 100ema (1310ish).

Now for the subs.

[amprotect=nonmember] 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 or Geronimo subscriber it includes access to all Gold posts, so you actually get double the bang for your buck.
[/amprotect] [amprotect=1,13,9,12,5]

First let’s look at FX.

Here is AUDJPY Rydex assets.

Clearly this is bullish longer-term.

Now on to the COT data.

Same as Rydex. Bullish longer-term.

Hard to believe, but the data is what it is….

And copper, like sentiment data, shows some potential.

[/amprotect]

Best of luck, unbiased trading,

-Volar

About The Author
Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at various social media waterholes below.