TRADING TIM ORD

[TREND1]

3/3/16 The bottom window is the CBOE index put/call/ CBOE equity put/call ratio. This ratio is a bearish sign for the market when it rises above 1.75. This ratio closed at 1.90 yesterday and we don’t have the numbers for today as of this writing, but most likely it pushed into a more bearish level. This ratio suggests upside is limited here for the SPY. Previously we had an upside target near 2000 range on the SPX which could still get there but in our opinion will be about the limit. We drew a trend line on the SPY which comes in near 198 and we are in that area now. Sold long SPX for gain of 3.12%


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Http://stockcharts.com/articles/tac/2016/03/tim-ord-the-ord-oracle---march-3-2016.html