On The Grind

Despite yesterday's rise investors continued to purchase puts and Rydex traders became more bearish. While on a few occasions these indicators became more stretched, I believe this argues for a continued grind higher over the next few days.

If the market rises or goes sideways through the end of the week we might actually become slightly overbought. If we see a sentiment shift during that time as well that would set us up for a possible move lower next week.

No comments: