Dow Theory – DJIA and TRAN moved opposite direction today -- DJIA up, TRAN down. We are still waiting for DJIA to confirm TRAN by breaking its previous high of 10537. I will scoot my little butt to the BULL camp when this happens.
21dma of Put/Call Ratio – At 0.99 today, it is below 1.0 when I first reported it but we still have an eon to wait for this indicator to carve out a meaningful trend.
VIX – 6/10 made a new low (extreme bullishness), erased the low set on May 27. For the short duration, the market remains very complacent. So I am still on the sideline with my money tucked away safely. No need to play superman here.
posted by jason @ 4:21 PM
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