According to the Wall Street Journal, there was $500MM of buying on weakness on [[SPY]] today (May 27th). Crazy-nuts, somebody’s buying. And here I am,
readInsider buy/sell levels overlaid with SPY over the last year. Building a solid bearish case 🙂 based on both sentiment and technical analysis.
readI’m currently in a waiting mode, and believe the gaps will soon be filled. Commercial hedgers are pessimistic as well, see arrow at the bottom.
readI’m not a perma-bear but I AM short the SPY at the moment. With every confirmation of my position I wonder if I’m biased. I’m
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Small traders are wrong (long at peaks), Commercial hedgers are right (long at bottoms) – most of the time. There’s also a small matter of
readHere’s a 22 year chart of the VIX Volatility Index. I used VIX yesterday to make a decision about a short trade, but I have
readI sold SPY calls yesterday and I’m now short [[SPY]] via Dec 2014 puts. This is based on the overbought levels and a few other
readIf I were short here, I’d be buying. Here’s a few random indicators (my favs of late) that paint the picture. Click images to enlarge
read[[SPY]] 20-year chart, 1-year bars. I was looking for a fitting pattern, and only the triple top seems right. I’m still mostly long the markets,
readThis is a daily chart of the S&P 500 Futures. Look at the lower boxes. In the lowest one it’s obvious that the small traders
readJanuary 1990 through December 2009 (a period of 20 years) a total of 1,003 unique companies have been constituent members of the S&P 500. Isn’t
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