Quick Sentiment Update
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.
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.
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.
luck, unbiased trading,