Backing out all of the information we think we know like persistently over bullish sentiment, over valuation by many metrics, including the Citi Economic Surprise index and Yardeni’s home cooked fundamental stew, margin debt rising to new highs and big picture overbought status… taking all of that out of the equation on the stock market in general, QQQ in particular is at what someone who’s … Continue reading If the Machines Liked Tech on Thursday, Mustn’t They Love It Now?
Some people ride through corrections, others sell everything and still others do some form of mitigating and hedging. Regardless, the water in the pool has a little turd floating around called the Gold/Silver ratio which, if it rises anew, could bring the hurt to financial markets. We’ve also got a negative June seasonal and persistently long-term over bullishness. Here is GLD/SLV popping today. Subscribe to … Continue reading Gold/Silver Ratio: Everyone Out of the Pool?