Thursday, July 12, 2012

Quick and Dirty Risk Asset Look

First, here's CONTEXT, which has some odd readings....

CONTEXT went positive yesterday morning vs ES and has stayed positive, even overnight. This is some partial evidence that supports my early theory that the risk off in ES overnight was not the result of news or a sudden and dramatic shift in sentiment based on things that occurred days ago, but more likely a Smart Money move, first I'd like to se if that can be confirmed, if so, then the next question is what is the play? A simple shakeout? Accumulation of shares at a better price point?


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