Wednesday, November 12, 2014

Chop, chop...11.12.14

Another narrow range day as the momentum spring continues to coil in preparation for the next big move.  Some interesting developments in the various put/call ratios, which are often considered a barometer of what the "smart" money is thinking.
Of the indices today IWM was the leader, QQQ was lagging and SPY was in the red.....all with marginal flux.
SLV's p/c ratio looks bullish; XLE looks scary and XLU and XLV look uber bearish.
XIV and NYAD have no p/c ratios.   Why?  They have no option chains.
Here are the current ratios from one of my daily watchlists >>>>>>>