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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.


Best of luck, unbiased trading,


About The Author
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.