CBOE Equity Only

I know the CBOE Equity Only is a favorite of many readers of the blog. The chart is shown below.

 

The chart has basically given the same signals as the CBOE Total, except for a huge false/very early signal in early March. That is likely because there was a lot of speculation happening in small bank stocks at the time that were skewing the ratios.  Currently, the CBOE equity only triggered a sell signal at the close yesterday.

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