Macro Monday
This chart represents the daily bull / bear ratio for the SPY for the past 5 years. While we are currently off our recent lows, our current ratio of .35 is not a bullish ratio. As a matter of fact, as the chart shows, .35 is in the lower fourth of what this mostly fundamental rating has shown in the previous 5 years.
The bull / bear ratios of these sectors, also off their lows, also forecast less than we may have become accustomed to in recent years, from the bullish perspective. Last week seemed to be a bit of a turning point, at least for now, as "the bugle" has started to widen a bit. Today we discuss our complete Macro-Monday analysis as well as manage a few simulated option trades and continue to get ready for the opportunity to add some short-term bearish trades. Watch our meeting in its entirety HERE
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