House of Pain

Click charts to ENLARGE.

Where are we today?

Stochastics weekly sort.
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Asset allocation pivots
_________________________________________________________Tom DeMark has the TD Absolute, percentage values of absolute highs. For example, if your absolute high is 100, then TD absolute Fib levels would be 61.8, 50, and 38.2. If your price is 61.8, this chart puts your Absolute delta at zero. You can see MOST of these ETFs are far above even the .382 retrace.
_________________________________________________Same approach, different data. The Dow Industrials.
_________________________________________________________The volatility index (VIX)...buy the first pullback?
_______________________________________________________Recent closes below the 150 period exponential moving average.
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So where are we now?The rack? Hardly.
______________________________________________________________Thumbscrew? Nope.
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Cilice. Uh-unh.
______________________________________________________With the VIX in the 20s, this is getting closer.
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Good trading and great risk management to all.

Educational use only. Never intended as investment advice.