Atrocious Charts Aside, We Should Still Rally
Let me explain the reasons again why we should still enjoy some more oversold bounces.
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Let me explain the reasons again why we should still enjoy some more oversold bounces.
Stay on your toes, as we check the near extremes in the ISE ratios, the Daily Sentiment Index for the world's currencies, and, the good old Volatility Index.
Let's look at how the gloom was lifted a bit as tech rallied -- and then let's look at the sentiment readings.
It's not quite clear yet -- but here's the forecast so far. Also, let's check on new lows, a sentiment surprise and how far the oversold rally can go.
Early this week few believed Santa would make it from the North Pole. Look where we are now....IWM