A diary of the thought process behind my investment decisions
Good News and Bad News
The good news is that the market is now oversold heading into a seasonally strong period. The bad news is that sentiment is not yet in place. The CBOE is showing put activity but the ISE is showing call buying. In other words the oversold readings are lining up, seasonality is lining up but sentiment is iffy. It would be nice if we broke last weeks low. That would likely get sentiment in place for a rally.