Commentary

6/29/20 Probable x30

It wasn’t too bad to buy the x03 on the Friday close. The Close to Open numbers for the second quarter were favorable, but the YTD numbers were not.

x30 is quite negative if the market is dropping, so that is a big loser YTD. However it is playing OK in the second quarter.

In any case, going long close to open doesn’t seem exciting. x30 happened 8 times in the first quarter and 3 times so far in the second.

Things might be buyable if there is a sharp move lower into the close and x00 becomes the signal. Probably I’ll sit tight.

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