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Rydex Ratio

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The Rydex Assets Ratio is a market sentiment indicator based on the flow of money in and out of bullish and bearish mutual funds. I believe the original indicator was based on just two funds in the Rydex family, the Nova fund which was bullish, and the Ursa fund which was bearish. By dividing the […]

emini SP500 16th April 2021

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As noted on 6th April “the distribution patterns suggest a move above 4150”, and that has now been achieved. I also wrote “rejection above that level would be likely”. The distribution pattern I’m basing that on is long-term so rejection may not be immediate but this interpretation wouldn’t allow price to print much higher here […]

emini SP500 15th April 2021

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Significant Buyers (green) have been very active, but effective. First sign of weakness in this trend is now a RTH close below 4115.50 (dashed line), the low of the most recent Buying Day which Tuesday. Sentiment: My version of the Rydex Assets Ratio reached 29.12 on 04/13 (Tuesday). This is the highest reading ever and […]

emini 13th April 2021

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Significant Buying (green) was marked on Friday. The low of that Buying day is 4086.75. A RTH close below that level would be first sign of weakness in this trend. A move above 4150 is likely, see previous, highlighted comments on chart. Stocks>50dymaNyse 76% (from 78%), Nasdaq 63% (from 64%), R2000 68% (from 70%). Numbers […]

e-mini 12th April 2021

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Significant Buyers (green) have been marked three times in last six days. A move above 4150 is likely, see previous, highlighted comments on chart. The low of Friday’s Buying day is 4086.75. A RTH close below that level would be first sign of weakness in this trend. Stocks>50dymaNyse 78%, Nasdaq 64%, R2000 70%. Numbers >50 […]

ES_F 9th April 2021

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The distribution patterns suggest a move above 4150 but rejection above that level would be likely. Price back below 3897, the 7-month Support, would indicate a change in trend in the longer time-frame. Stocks>50dymaNyse 79% (unch), Nasdaq 65% (from 61%), R2000 71% (from 68%). Numbers >50 are supportive. Sentiment: My version of the Rydex Assets […]

e-mini 8th April 2021

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On 03/26 a Value Area was generated back above 3897. This represented a rejected test of that controlling price in the longer time-frame which is often a bullish pattern. As long as 3897 holds the distribution patterns suggest a move above 4150 but rejection above that level would be likely. Note also Sentiment, below. Stocks>50dymaNyse […]

e-mini 7th April 2021

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On 03/26 a Value Area was generated back above 3897. This represented a rejected test of that controlling price in the longer time-frame which is often a bullish pattern. As long as 3897 holds the distribution patterns suggest a move above 4150 but rejection above that level would be likely. Stocks>50dymaNyse 82% (from 80%), Nasdaq […]

e-mini 6th April 2021

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On 03/26 a Value Area was generated back above 3897. This represented a rejected test of that controlling price in the longer time-frame which is often a bullish pattern. As long as 3897 holds the distribution patterns suggest a move above 4150 but rejection above that level would be likely. Stocks>50dymaNyse 80% (from 71%), Nasdaq […]