1) Today was EXACT opposite of 1/27/21 (closing $GME and most shorted index high).
$Nasdaq up 1.56% but its $TRIN was 2.04. Adv/dec >> up/down volume = high TRIN.
That's never happened since 1996 before today (just like 1/27).
$SPX $SPY $NDX $QQQ $Gold
$Nasdaq up 1.56% but its $TRIN was 2.04. Adv/dec >> up/down volume = high TRIN.
That's never happened since 1996 before today (just like 1/27).
$SPX $SPY $NDX $QQQ $Gold
https://twitter.com/ResearchQf/status/1354552337713475585
2) When Nasdaq is down big with low TRIN, Nasdaq bounced at least the next day 7/7 times.
How about strong Nasdaq with high TRIN? There aren't precedents close to today.
Let's try SPX. SPX was up 1.39% while NYSE TRIN was also high at 1.74.
That ...
How about strong Nasdaq with high TRIN? There aren't precedents close to today.
Let's try SPX. SPX was up 1.39% while NYSE TRIN was also high at 1.74.
That ...
https://twitter.com/ResearchQf/status/1354959389782847494
3) occurred just 3 times since 1996 before today.
After the 3 cases in 2000, SPX declined 7-9% within 2-5 weeks.
N=only 3. And as crazy as 2000 was, last 6 months have also been historically crazy. With many similarities but also big differences in market dynamics. So just FYI.
After the 3 cases in 2000, SPX declined 7-9% within 2-5 weeks.
N=only 3. And as crazy as 2000 was, last 6 months have also been historically crazy. With many similarities but also big differences in market dynamics. So just FYI.
4) Updated $GVIP/GSCBMSAL ratio.
GS HF VIP index/index of highest short interest names in Russell 3000 has bounced 23% since 1/27.
OTOH the ratio is still down 22% YTD and below the lows of the last 5 years. No wonder HFs are having so much fun.
GS HF VIP index/index of highest short interest names in Russell 3000 has bounced 23% since 1/27.
OTOH the ratio is still down 22% YTD and below the lows of the last 5 years. No wonder HFs are having so much fun.
https://twitter.com/ResearchQf/status/1354552342478262277
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