Sentiment April 11

Before market topped:

  • ZN strength, now weak and correlating with stocks
  • Copper strength, correlating with stocks
  • Gold and silver strength, weakened and now strong again
  • Yen weakness, now very strong
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SPY dealer greeks - bullishness building

CPC still high

Dow heading back to Dec low

NAAIM more bearish

NDXA20 oversold

NYMO hitting -90 and bouncing, and hitting -60 again

VIX inverted hammer?

Seasonality - April supposed to be very bullish, now major deviation from the script

Conclusion: mixed signals, may take out both bulls and bears if no obvious trend