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I have something to share today that is just too weird to leave in a comment. I was going over my EOD checks Monday evening and I saw the Equity PCR pretty much at its upper weekly bollinger band while the VIX hasn’t really jumped at all.
This does not serve my own selfish purposes of wanting people to hang out on the site all day long, but I must say, this market remains godawful boring. All the same, I feel some commentary is warranted, so below I present what I consider some important U.S. equity indexes, with the most bullish-behaving at the top and the most bearish at the bottom. I’ve put some remarks in the caption of each:
(more…)Hangin’ on, hangin’ out
There’s a place for me & you
Hangin’ round, hangin’ free
We got nothin’ else to do
Turn it up, fade it down
Yeah, that song it saved my life
Perfect teeth a perfect smile
Oh, she was a friend of mine
Let’s go out to the place
Where the hands of time are slowed
No one walks, no one dies
No more hassles anymore
I realize that – – as usual – – the NQ has taken a big loss and magically turned it into a gain for No Particular Reason, but I am still seeing stocks left, right, and sideways breaking down, piece by piece. Not everything is the SPY, ya know.
