- The assets in Rydex bear funds as compared to Rydex bull funds reached their highest level since June. This applies to the leveraged funds as well.
- The CBOE put/call ratio has been above 1.10 for three days in a row. That is extreme put activity.
- The volume in SDS, the Ultra short S&P 500, was the highest in over a year on Friday, per sentimenTrader.com.
We have often seen follow through selling on Monday's after a nasty week followed by a Turnaround Tuesday. I am already positioned long but if we do see a decline on Monday I plan to expand my long position. I believe a rally is in the cards.