Jason Goepfert
Jason Goepfert
clear continue edge either measures neutral
Our shortest-term measures continue to wallow around in neutral territory, and they still show no clear edge in either direction.
excessive odd optimism seemingly traders
Seemingly excessive optimism from wrong-way odd lot traders suggests we need a breather here.
broader days extremes face higher historic inability lent likelihood market next past prices rally saw troubled true week
The true historic extremes we saw over the past week or so lent a lot of credence to the likelihood of higher prices over the next 60 to 90 days and beyond. But I am very troubled by the inability of the broader market to rally in the face of these readings.