Wednesday, January 4, 2012

Evening Thread

Sentimentrader.com
The bulls did a good job of keeping a bid under the market after the morning dip. The Naz Hundo was the leader today... and the seasonality charts above are suggesting we might see that relationship continue.

Afternoon Thread

Sentimentrader.com
The bulls have been actively buying the dip this morning and are attempting to fill the overnight gap in S&P futures here at 1272. The image above is an intraday snapshot of the OEX P/C ratio... sometimes considered the "smart money". Usually, the bulls will struggle a bit when it is above 2 and CBOE P/C is under 1 (last read was .88).

Morning Thread




"wherever you go, there you are." We can't escape ourselves. Or the charts. Alot like the Jews who wandered around in the wilderness for 40 years after leaving Egypt.


At some point we will escape this trading range, probably for another one.