Intermediate-term Rollover of the Market# Stock
e*7
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S&P over 1400, DJIA finally closed over 13,000. Nasdaq is leading the way.
VIX fell to 18, a rising bank index, the SOX over 400. GOOG now the datling
and POT the loser. Market looks very bullish recently.
What concerns me here is low equity put/call ratio with the reading of 58%,
which is lower than 59% reading of April 18. Following 59% reading, S&P
loses 15 points in two days. All other readings lower than 58% early this
year and late last year all happen to be relative high of the market.Thi
VIX fell to 18, a rising bank index, the SOX over 400. GOOG now the datling
and POT the loser. Market looks very bullish recently.
What concerns me here is low equity put/call ratio with the reading of 58%,
which is lower than 59% reading of April 18. Following 59% reading, S&P
loses 15 points in two days. All other readings lower than 58% early this
year and late last year all happen to be relative high of the market.Thi