Some Sentiment, Some Stats, And Some Energy Spreads
This is volar with a quant and sentiment update. That being said, I did something different today- I added some “fundamental” data on the bottom. I did this- not for trading, but bc the news is lame, CNBC is full of retards and koolaid, and frankly its nice to hear sound thoughts- even if its my own voice. I understand most of this may seem like it does not go together (sory in advance per the 20 charts)- but we are talking markets and what else do you have to do this weekend? Beer and free data- sheesh I might read my own post- jk.
For those that are not subs- you get a freebie- heck I bummed 2 charts.
Anyway as for the market, I cannot say I could agree more with Fearless’s last post. Longer-term there is much potential given the panic (VIX and volume for that matter) in August. Yet, some red flags are prevalent. Let us have an unbiased look.
First sentiment, then stats, then spreads.
The CBOE equity put/call ratio is low and my daily sentiment data is off-the-charts. The NASDAQ daily is the highest since 2000- and here is what Jason at ST says “Hulbert Nasdaq Newsletter Sentiment was 75% net long again this week. The 3-week average is now 75%. That’s the highest average over a 3-week period since July 14, 2000.”
As always my hats of to SentimenTrader.
And… unreal. Now on to stats…
A ton more of Volar’s charts and cynical 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.
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Not sure all of that should go in one post – but now you have something to do this weekend besides get off on Ben Bernanke.
Best of luck unbiased trading,