Comments on: Sentiment & Breadth Indicators 6-18-24

By: rsotc

rsotc — Tue, 18 Jun 2024 14:00:21 +0000

In reply to rsotc. Wife still getting ready so I'm going to post an update on WEAT right now. Will look at corn & soybeans later.

By: KevinK

KevinK — Tue, 18 Jun 2024 13:47:08 +0000

Looks to me like the $CPC had a multitude of spikes down to the .65-.70 area from mid 2020 to November 2021 (before the market took it’s final drop). Last Wednesday’s spike down to .66 is only the first in a long time.
From the first spike down in mid 2020 to the last spike and top in November 2021, the market went up about 40% (despite pullbacks along the way)
Question : Will we have to wait a year and a half of low readings again before the market makes the final big drop ?
Only time will tell.

By: rsotc

rsotc — Tue, 18 Jun 2024 13:46:01 +0000

In reply to Beljrc. Thx, awesome trip so far. I haven't had a chance to look at the grains but will asap. We just got to the hotel in Florence & I managed to post the stock index charts I had taken screenshots of on the train but have to run out with the family to grab some lunch so hopefully later tonight or early tmrw if I can.

By: Beljrc

Beljrc — Tue, 18 Jun 2024 11:51:17 +0000

Thanks Randy, hope you are having an amazing time on vacation. If you get a chance I’d love to have an update on the grains.