We are still climbing the wall of worry that is Greece, or working off last Friday's big move, or something. Depends on who you listen to. Nevertheless, the fact remains that the Q's are above 2011 closing high and have been for 2 weeks, the DJIA managed that same level last week, and the SP500 is getting much closer. I believe the closing high on the SP500 in 2011 was 1363.61, and we closed today at 1346.99. 
Tuesday, February 7, 2012
Evening Thread
We are still climbing the wall of worry that is Greece, or working off last Friday's big move, or something. Depends on who you listen to. Nevertheless, the fact remains that the Q's are above 2011 closing high and have been for 2 weeks, the DJIA managed that same level last week, and the SP500 is getting much closer. I believe the closing high on the SP500 in 2011 was 1363.61, and we closed today at 1346.99. Rydex Data
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| Sentimentrader Rydex Bull Flow Indicator |
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| Sentimentrader Rydex Bear Flow Indicator |
With the S&P500 pushing towards the 1350 zone this morning, it seems like a good time to check on the Rydex indicators and see what traders are doing in that arena. Despite the bullish activity this year in stocks, it appears Rydex bull and bear flows are not gathering the extreme readings that you'd expect to see. You can see from the charts that the bulls are not embracing this move (yet) like they did in October of last year.
Morning Thread
Grab your coffee and get into your trading turret. You can see from his tail that the market will be at it's morning lows when we open. After trading up in the morning it will coast until just before the close. We get a little buying into the close.
It seems like a lot of charts have gone just like the squirrels tail lately.