- Is a reversal starting? I'm watching bond market closer than other markets
- If the bond market breaks the macro chain other markets will follow
- It's too early to tell since the trend has been so persistent and some confirmation will be needed
- The backdrop for a reversal for the equity markets is very clear with extreme sentiment and every DeMark exhaustion indicator triggered
- On today's note: Our sentiment charts are back (sort of), COT positioning, 5, 10, 30 year, and TLT charts.
- Charts of GLD and SLV which look horrible
- The new site is going beta in 10 days