6 Charts The Show Just How Much Money Has Moved Bearish
Chris Kimble, Founder of Kimble Charting Solutions joins me to outline 6 charts outlining how bearish investors got in October. We look at the general global market selloff, the move toward cash, the optimism/pessimism spread, and the Rydex bearish fund as just a couple examples of these moves. Take a look at all the charts below.
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Global Sell Off – $8Trillion in October
Optimism/Pessimism spread
Rydex Bearish Fund Flow
Move Into Cash ETF
VIX and the S&P Uptrend Line
100 Year Dow Chart
Cory,
Great interview and charts from Chris Kimble. He’s good!
I sure would like to hear some thoughts on emerging markets and commodities. Most commodity and EM charts are looking real good right now, as it looks like we have a bottom of strong pullback. And what also looks like a long term bull starting right now.
This copper, zinc and everything industrial metal play is starting to shape up!
Shorting the general markets and gold looks like the deal too. The bond market and stock market are done. The gold market is not looking good either.
I’m done with gold until GLD fills some gaps. There is no long term gold bull until those gaps get filled. IMO
THE MINUTEMEN ARE NOT VERY NERVOUS
Um…
Good interview Cory & Chris, and interesting charts to consider as a possible change in tone with generalist investors. Much appreciated.
On that last chart, to me it looks like if you drew a trendline on the bottom, there could likely be a further correction (perhaps after a bounce bounce and possible a new high. The other thing i would note is that the correction that occured in the late 1990s – early 2000s was after a very rounded top. Comparing that to the top today could only be the start of a very rounded top that might go on for several more months or years. However the pattern could also be similar to the spike high in 1929. Lets hope its the 1990s version.
JP MORGAN. Launches Gold Backed Blockchain.
https://www.youtube.com/watch?v=P3CYhR76onU