Pre-open Tuesday 12th January
Monday opened higher and met with selling immediately although my criteria doesn’t allow me to mark it as significant. I cannot look for shorts as the most recent imbalance was Buying (green). Wouldn’t want to anyway until I see Effective Selling below 1129.
Short term public sentiment measures:
The Rydex Bull fund assets that I follow were down slightly and Bear fund assets were up slightly to a 10day high. My version of the Rydex Assets Ratio was down slightly to 1.97. This doesn’t give us much.
The ISEE (equity only) Index came in at 208 which lifted the 10dy ma to 192.5, the highest level since 23rd October. This index has registered above 200 on four of the last six days.
