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Strategies & Market Trends : General market lab and commentary
SPY 679.68+0.7%Nov 26 4:00 PM EST
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From: Robohogs2/27/2016 9:34:04 PM
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Well Fat Pitch has some of same concerns and positives but is not seemingly focused on being overbought intermediate term he does make good points on fund flows - very negative, worse than 2008/09 in length of selling. He also has good point on 192 needing to hold on downside. His main key point and one that has me concerned too that mkt can stop here and say it had done enough and go down in bear mkt. He does make similar caveats on economy being strong. His commentary on volume is interesting, that it is high on this recovery. I saw a point Friday elsewhere that August selloff was capitulatory. I will post if can later.

Overall, I am in camp wanting to believe bear is over now that everyone knows it is there but concerned mkt needs to get moving up a bit to prove it, but also understanding mkt wasted what should have been rally weeks going nowhere. Economy is not supportive of deeper bear at this time in my mind.

Last point: skew of professional option mkt is again at extreme readings which historically have been highly suggestive of upthrusts. Yen supportive - was not last week. Low vix may go lower. This point is SO important that I wish I had looked before earlier post. I forgot after being locked out all evening last night for broker server stuff.

Jon
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