Encouraging Sign

The ISE Equity is showing a lot of put buying today for the first time since this decline started. At the same time the market is holding in fairly well. This market may have some rally in it.

2 comments:

Chaos! said...

Over time I've found the CBOE equity only number to be more reliable. Put buying spiked on Wednesday but has retreated to complacency in the last 2 days. This move down needs more fear for an intermediate retracement to the upside.

Tsachy Mishal said...

I dont think the move lower is over. I am looking at a shorter time frame.