Friday, June 1, 2012
Weekend Thread
Equity markets closed on their lows... and the latest COT report released today is showing commercials are now slightly net long S&P futures. They aren't anywhere near an extreme... but since they're no longer net short, I thought it was worth mentioning. The positions are up to Tuesday of this week.
Rydex Data
Sentimentrader Rydex Bull Flow Indicator |
Sentimentrader Rydex Bear Flow Indicator |
The bears have been laying all over the market this morning. Probably a good time to take a look at the Rydex Data. You can see that we are getting closer to a buy signal.... although we aren't there yet. These charts include data from yesterday... so I'll be curious to see what changes (if any) occur after today's action.
Friday Morning
FIO Daily Chart |
I generally don't like to start positions on Fridays but I'm already in this one and if I see an increase in upside volume I'll be adding. I think the stock can move to 22.50 with little resistance and if it moves above that I would be inclined to add.