Don't Ignore This Chart!

RYDEX Bears Stay In Hibernation


Technical Analysis includes a wide range of indicators. Finding the final peak or valley on a chart is always difficult. When something seems extreme, it can always be more extreme. A good example of unanimous extremes is a mid year look is the Rydex sentiment. In March it was ringing the bell as being extreme. Some have gotten more extreme. My comments are unchanged since March. 

The Top ratio is near the euphoria of Spring 2000 and making new 13 year highs. The bear index is slightly above the 2014 lows on the chart. We can see the Moneymarket has broken to new lows since March.  Lastly, the Total assets ratio is wobbling in a tight range that seems similar to the 2007 period.

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Good trading,

Greg Schnell, CMT




Greg Schnell
About the author: , CMT, is a Senior Technical Analyst at specializing in intermarket and commodities analysis. He is also the co-author of Stock Charts For Dummies (Wiley, 2018). Based in Calgary, Greg is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter. He is an active member of both the CMT Association and the International Federation of Technical Analysts (IFTA). Learn More
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