Sentiment Jul 15
Intermarket correlations:
- Middle East conflict is over
- Now watch yields, trade war is back
- Copper spike 10%, good for stocks?
DG gamma negative again
CPCE very complacent -> liquidity breaks
Dow above Dec low
NAAIM 99 -> 86
NDXA20 dipping below 80
NYMO 60 -> 40 -> 8
VIX getting sold again
Seasonality - July best month in Q3
Conclusion: wait for a break before selling again