Hi all,
I calc Laundry's VO at +37.6 and a bee's dick away from his cash build up trend line (currently at +50ish but declining every day)*.
Arms ratio/TRIN for SP500 and NASDAQ at 0.43 and 0.64 respectively, i.e. overbought. No surprises there.
This market looks like it's headed to the cash build up trend line, so perhaps just a little more in it (for GS tonight!) but exhaustion is very close.
Trade safe,
tigga
*cash build up trend line calculated with a hand drawn chart
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Last
8,773.5 |
Change
28.300(0.32%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,745.2 | 8,821.0 | 8,745.2 |
| XJO (ASX) Chart |