Sentiment Jul 28

Intermarket correlations:

  • JGB yields new high

DG gamma negative again

CPCE 0.72, some put buying

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Dow above Dec low

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NAAIM 81

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NDXA50 and 20 both bearish

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NYMO -2

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VIX still getting sold

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Seasonality - Aug early weakness

Conclusion: watch 5MA first and decide on bull / bear side