A very large up day today. So I figured the $200 million man must have gone all in on the down side. He was half in on Tuesday. But no, he actually got out of his down position. So things were back to where they were without him, which is extremely negative, relatively speaking. So I can certainly see us going up. But it does surprise me to see such a large up day when he has just gotten out of a down position. So I have to say I am unsure of this rally just because things don't quite make sense. The Nasdaq 100 was at its least positive reading of the year this past Thursday. And there, I'm a little surprised it didn't go negative before we reach a bottom. But overall, things are certainly negative enough to support a strong rally.
The Nasdaq 100 numbers for the last week and half, dividing largest number by smallest number, so they're all positive because there continues to be more money on the positive side in this fund, as usual, oldest to newest:
1.17, 1.29, 1.36, 1.02, 1.09, 1.25, 1.40, 1.41
Seems to be getting more positive again a bit quickly. But we'll see how this rally goes.
The S&P 500 numbers so far this week:
Monday: 71.31/181.30
Tuesday: 73.23/245.91
Wednesday (today): 66.83/168.19
Rob
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