The CPC and CPCE put/calls are at high readings, the NYMO is at a low reading, the NYAD shows a washout in negativity, the TICK machine prints an uber -1200 low yesterday, the SPX 2-hour chart prints universal possie d and the overnight yuan fixing is not as weak as expected (although the PBOC has now crossed the Rubicon by setting the yuan midpoint above 7.00 (weaker yuan) for the first time since April 2008). All these parameters are bullish for VST (very short term) tactical traders and the intraday lows yesterday provided a great entry opportunity.
It does not mean all is hunky-dory. A tweet from President Trump or a central banker comment can immediately send the stock market wildly in one direction or the other. The NYMO is down to levels consistent where stock market bottoms occur. 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.
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