Today was a massive mover in GEX readings across the board. Let's explore some in a thread:
1/ $SPY $QQQ $IWM $DIA
All indexes erased some of the most bullish dealer positioning of the year (as of yesterday) completely off the board and all are now negative or neutral! 🤯
1/ $SPY $QQQ $IWM $DIA
All indexes erased some of the most bullish dealer positioning of the year (as of yesterday) completely off the board and all are now negative or neutral! 🤯
2/ $GDX $SLV $GLD
$GDX is in real trouble - GEX is very negative and selling into weakness will persist
$SLV is holding onto the positive reading by a thread here
$GLD is also holding onto the positive reading by a thread here
$GDX is in real trouble - GEX is very negative and selling into weakness will persist
$SLV is holding onto the positive reading by a thread here
$GLD is also holding onto the positive reading by a thread here
3/ $TLT
20 year bonds are on the rally - pretty close to busting up and over to a positive GEX and definitely neutral now
@hereforthefin
20 year bonds are on the rally - pretty close to busting up and over to a positive GEX and definitely neutral now
@hereforthefin
4/ $UUP
$USD bullish ETF is looking like $25.50 will turn it into a positive GEX situation and $26.50 is the major resistance (tallest bar)
$USD bullish ETF is looking like $25.50 will turn it into a positive GEX situation and $26.50 is the major resistance (tallest bar)
5/ $XLF $BKLN $LQD
$XLF - banks still holding positive but want to hold $26.50 and must hold $25.50 @hereforthefin @CryptikCo
$BKLN - Sr. Loans already negative @FadingRallies
$LQD - High yield looking very close to a flip point as well so worth watching.
$XLF - banks still holding positive but want to hold $26.50 and must hold $25.50 @hereforthefin @CryptikCo
$BKLN - Sr. Loans already negative @FadingRallies
$LQD - High yield looking very close to a flip point as well so worth watching.
Last but not least...
Advance Decline was all bearish pacman look today
Absolute Breadth showing volatility readings across the board.
Was this a correction or is there more to unfold in the coming day/weeks?
Stay tuned and grab our app!
@threadreaderapp unroll
Advance Decline was all bearish pacman look today
Absolute Breadth showing volatility readings across the board.
Was this a correction or is there more to unfold in the coming day/weeks?
Stay tuned and grab our app!
@threadreaderapp unroll
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