See those 3 crows on the $VIX?
$NYMO is in topping area again. If we actually get a decline one of these days, it could be a bit heavier than many are expecting.
It is interesting that we are making new highs with less participation, as evidenced by the net new highs on the NYSE and the COMPX. However, until the liquidity taps are turned off, or at least down a bit, what's gonna push us lower. Our damned good looks?
Have you looked at the open interest in the QQQ options chains. I doubt we drop in the next couple weeks.
Does anyone know of a source to determine MZM on a daily or weekly basis. If liquidity built this rally, it will tear it down.
See you around soon.
GT