Let's start this month off with a some comparisons of how the US markets and other vehicles have fared against each other.Once a month, at the beginning, we'll report and see how the markets fared in previous time frames.
Including the monster gains of last year this market is still up on a "365 day" basis. The worst performer was the US Dollar and the best were the precious metals.
YTD the precious metals have done well but surprisingly so has the US Dollar. Interesting that these two have done well considering that they normally have an inverse relationship.
Over the last month everything has been beaten up. Best performer, and the only one posting a positive return, is the Amex followed by gold. The biggest loser, and only one in double digits, is the Russel 2k. Interesting to note that precious metals as well as the US Dollar are still trading very close.
Now let's take a peek on how they look on a chart with a 2 month time frame.
The Amex is the only US index that has a higher low! It also seems like their 20 day simple moving average is the only one that wants to crossover. Interesting. The precious metals and the Dollar are the only ones where the 20 SMA is trading above the 50 SMA.
Let's dissect the Dow.
Daily
DIA Dow Diamond ETF Short Interest
Shares (millions): 11.80
Short Interest Ratio: 0.80
Percent Change: 4.8%
Short Interest/Float: 14.7%
DIA Dow Diamond ETF Put call Ratio
P/C ratio 1.41
Percentile Rank: 73 %
High (1 year): 2.87
Low (1 year): 0.78
Low (1 year): 0.78
Enjoy your trading!!!
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