I said earlier today that >>My version of the Rydex Assets Ratio was up from 3.4 to 3.6<< that was incorrect.  Those numbers actually belong to my version of the Rydex ND100 assets ratio. My Version of the Rydex Assets Ratio actually fell from 2.7 to 2.4 Apologies.

posted 9.29 a.m. est Pre-open Tuesday 23rd March Significant Responsive Buying (green-at-bottom) and Aggressive Buying (green-at-top) were marked yesterday.  The Responsive Selling marked on Friday may have been the first since early February but possibly misleading (it was quadruple witching day).  Either way the Buyers responded immediately after the open and there is no doubt […]

posted 9.27 a.m. est Pre-open Monday 22nd March Friday marked the first time since 4th February that Significant Sellers appeared. Last Friday was also quadruple witching and these expiration dates are often highly volatile and market movements are not always to be “trusted”.   However, Responsive Selling (red-at-top) and a lower, wider Value Area that generated […]

posted 9.25 a.m. est Pre-open Friday 19th March Thursday’s session generated a narrower “inside” Value Area.  Two days of  consolidation centred around ES1161.50 has seen that level attract more time than any other over the last three weeks.  It therefore becomes an important reference price (poc) and means the highlighted comments below from yesterday (see […]

posted 9.28 a.m. est Pre-open Thursday 18th March Note: now following ES June contract. Wednesday’s session gapped higher and consolidated with a narrower Value Area generating slightly less volume but still greater than 10dyma.  The market extended its “overboughtness” which it will do in an acceleration move (often into a top) – SP500 index RSI(14) […]

posted 9.27 a.m. est Pre-open Wednesday 17th March Note:  I stated previously that data was now based on the June contract.  That was incorrect.  I am still using the March contract data.  This will change soon. Significant Buyers were active again on Tuesday, Aggressively auctioning ES higher (green-at-top).  First Level S/R moves up to the […]

posted 9.25 a.m. est Pre-open Tuesday 16th March Monday’s Value Area was lower and wider (first for a while) but in the minor timeframe this was Buyers Resting rather than Significant Selling – Buyers stepped back in just above Monday’s First level S/R and ES rallied strongly to the close.  First Level S/R stays at […]

posted 9.08 a.m. est Pre-open Monday 15th March Note that I now follow the ES June contract. Last Week I marked three instances of Significant Buying and no Significant Selling.  I have marked no Significant Selling since since Thursday 4th February. Last week the Significant Buyers were active.  On Tuesday and Thursday they responded to […]

posted 9.03 a.m. est Pre-open Friday 11th March A brief probe below yesterday’s First Level S/R at 1139.5 found Responsive Buyers active again (green-at-bottom).  Later in the day Aggressive Buyers (green-at-top) auctioned ES to a strong close – a new high since March 09 low.  Pre-open today (08.45) ES prints 1155.5 – higher again seeking […]

poested 5.15 a.m. est Pre-open Thursday 10th March ES valiantly pushing slowly higher on Wednesday with still no Response from the Sellers.  Wednesday found support at Tuesday’s poc (dotted) which keeps the minor uptrend intact for this week.  That level, 1139.5, is today’s First Level S/R. ST sentiment:  My version of the Rydex Assets ratio […]