The New CS Board

[Oddlot]

$TRIN overbought and implications.
Thanks espirit for posting this chart. Cant do it from my phone. Historically, a reasonable use of trin is to assume that heavy buys/sells that put CCI into extremes would also put price into extremes, substantially different from the "equilibrium" level. When trin CCI leaves extreme, in this case falls below +100, a buy from SPY CCI with same parameter should have built in value because of being depressed.

Holding bearish position in SDS but will probably go long against trend support if setup is there. Also, OBV is within striking range of a trend reversal into a downtrend. GDP may create several flip-flops before the day is over.
Oddlot