Does anyone know where to find Rydex fund flow data? Do you get it from Rydex itself ? gharghur: do you have a url for your II poll chart? I used to go to VTOreport.com but it is no longer updated unfortunately. Also where do you see commercials have been net buyers ? Which contract are your referring to ? I see they have been net sellers of S&P since after the November rally http://www.freecotcharts.com/charts/SP.htm
Just checked the Rydex Cash Flow indicator. Pretty interesting, but I still am not sure about how it truly measures the amount of cash coming into our going out of the funds by investors. Couldn't the asset value (which is what it's still being based on) be affected by the appreciation or depreciation of the funds' performance themselves? Anyway, I guess all that matters is how effective the indicator is. Appears to have been very misleading in 2003, but has done better since.
At 8:30 AM the government released the payroll report for February, strong numbers. Europe immediately shot up 1% on our news? We reacted with some more volatility. When the stock indices opened a wave of selling hit the futures pits as the bond market was selling off in reaction to the report. The NDX quickly made a new low for the move at exactly EW pivot point 1634, rallied off that point about 8 points, and 15 minutes later came slamming down again. And it held again! The test of the lows in the NDX is in place, the previous low was NDX 1637. I can count a completed zigzag from the recent highs, to coincide with the previous lengthy zigzag, creating a major flat formation. The key to this market right now is not the DOW/SPX that have been showing that they want to go higher. And it's not the NAZ which has been basically following the lead of the NDX. It is the NDX! In the spring rally of last year, the SPX/DOW diverged positively while the NDX/NAZ were making new lows to complete their patterns. It appears it is the situation again. Let's monitor this rally as it unfolds, but it's very possible that the lows are in.
Excellent account of the market pulse! I would add that the market is also behaving logically since 1. Employment numbers were strong but there were no signs of inflationary pressures from wages and aggregate weekly hours. 2. Recent concerns about inflation didn't come from comments from the Fed but internally from the bond market at a time when the bond market was bearish.
Yes that's true. The 2yr might have put in a double top on the news. Long terms are retreating like they should be anyway TA