Below, a look at some contrary plays. Sure, the bearish stuff has been working awesomely, but irrational exuberance isn't limited to the bulls when going long is The Way. Gold has slowed down even though a whole lotta people seem 100% bullish about it. (I think it's consolidating.)
For what it's worth, the candlestick reads are interesting: SPY was rated a sell (American Bulls) today, as if it has more room to bottom. FXE (euro) is close to a sell. AB is also listing AAPL and SLV as possible buys soon. Same with TMF. FAZ and VXX are listed as holds. Note that AB doesn't have much of a track record with FAZ and VXX. Just interesting to get another point of view.
FXE (Euro) vs.
TMF (30-year Treasury Bonds 3x), FXI (Xinhua-China 25), S&P 500
2 day (5-minute bars)
10 day (hourly)
SPY (S&P 500 Index) vs.
EUO (short Euro), FXP (short FXI), FAZ (short fin), VXX, GLD
1 day (1-minute bars)
2 day (5-minute bars)
5 day (hourly)
SPY (S&P 500 Index) vs.
TMF (30-year treasury bonds 3x), GLD (Gold), XOI (Oil & Gas)
2 day (1-minute bars)
10 day (hourly)
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