Is A Reversal Starting?

by | Aug 9, 2021 | Daily Note

  • 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
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