Hey, sorry for the late reply! I’m a Honda guy myself. I feel like Police bikes are kept in good condition and they really know how to ride. 75k is a ton of miles! Dang. You can probably eek out up to 25k more if things are kept in good condition though!

Nothing new to report so far this morning & I won’t be leaving for my appt until at little after 11am ET so will post anything that stands out before then, especially anything new that I might see regarding the stock market.

Most (potentially) significant development I see right now are new divergent lows on the 60m & even the daily charts of QQQ, SPY, IWM, etc.. so if the market can start a reversal here or not too far below (i.e.- with the divergences still intact) that helps support the case for another potential counter-trend rally but remember, divergences are not buy signals… watch those near-term downtrend lines on the index futures & ETFs.

I used to watch the ICI fund flows as well as one or two other services that tracked inflows & outflows of mutual funds & ETF very closely a while back. Even built a pretty detailed spreadsheet to import the data with some buy & sell (or more like extreme outflow/flow levels that typically preceded turns) although I got away from that shortly after the bull market was clearly underway in 2009.

https://www.ici.org/research/stats/combined_flows

I completely agree with the logic in that article you posted so if the data is correct, then that helps make the case that dumb money (Pavlov’s dogs) are still buying the dip & until the finally give up (collectively & clearly), then there is most likely quite a bit more downside to come.

Besides that, I see about literally zero signs of a lasting bottom at this time but always on the lookout for something I missed and/or any changes in the technicals that might indicate a potential bottom. Thx for sharing.

Thinking of a ex-police bike. It’s high miles but beautiful condition a white ST1300. What do you think of that bike? I don’t know if this guy got two at a police auction but he does have two. Ever seen a bike with 75,000 miles? Asking a ridiculous low $1,800.

Hi Randy. I wonder if you can incorporate Retail Inflow charts alongside your breadth indicators? If it is not useful then don’t bother. In theory Retail investors are the not-so-smart money and right now – either there’s enough of them to push the tide back with rip-your-face rallies or they’re picking up pennies in front of a steamroller.

I longed /QG after a breakout. Profits will cover my membership easily. Thanks a lot, @randy !