Sentiment Jul 30

Intermarket correlations:

  • JGB yields new high

DG gamma negative

CPCE flat, CPC up

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Dow above Dec low

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NAAIM 81

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NDXA50 and 20 going sideways

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NYMO -20

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VIX up

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Seasonality - Aug early weakness

Conclusion: watch 5MA, still bullish in two indices