TRIN Arms Index Daily Chart

TRIN continues to print a rare multi-day sub one price set. This reflects the uber bullish euphoria in markets currently. This behavior jives with the complacency shown by the low put/call ratio's and also volatility dropping. There is no wall of worry that markets are climbing. Instead, markets continue higher on a wall of Fed, and other central bankers. The green circles show the market bottoms occurring as the TRIN spiked to the high levels. The red circle show the market top occurring with the low TRIN. The black box shows 6 consecutive days of sub one TRIN's. This begs for relief back to the plus one side which would correspond to market selling. The red box shows that the low TRIN's are actually in place for about 9 days.

Markets are at an interesting juncture right now. With the rally spurt over the last couple days, the bulls are tripping over themselves to buy the market again. Watch the TRIN and VIX moving forward. Projection is for higher TRIN numbers, above one, to begin printing moving forward which corresponds to equities selling off. This information is for educational and entertainment purposes only.  Do not invest based on anything you read or view here.  Consult your financial advisor before making any investment decision.