BoA Sell Signal About to be Triggered for 1st Time Since 2007
Could be nothing, but mixed with everything else, UVXY/VIX is definitely something to keep an eye on for sure..Was already watching it anyways -- saw the story, thought I'd post the look
Zerohedge: BofA "Sell" Signal Triggered Any Moment... The Last This Happened Time Was June 2007
"the Sell Side Indicator (SSI), which is the average recommended equity allocation by sell-side strategists, rose by nearly 1ppt to 59.2% from 58.4%. This was the second month in a row of an almost 1ppt jump, bringing recommended equity allocation to almost a 10 year high and just 1.1ppt shy of what BofA dubs a “Sell” signal."
Zerohedge: BofA "Sell" Signal Triggered Any Moment... The Last This Happened Time Was June 2007
"the Sell Side Indicator (SSI), which is the average recommended equity allocation by sell-side strategists, rose by nearly 1ppt to 59.2% from 58.4%. This was the second month in a row of an almost 1ppt jump, bringing recommended equity allocation to almost a 10 year high and just 1.1ppt shy of what BofA dubs a “Sell” signal."
Note
That's an alright risk/reward too, (if that even really exists with UVXY lol)...Note
Interesting stats about operation twistZH--"Colas then notes that while there were other things going on at the time (European rates under pressure), 10-year Treasury yields fell from 3.75 percent in February 2011 to that low of 1.44 percent right in the middle of “Operation Twist 2” in July 2012. Then, "once Twist 2 ended at the end of 2012, they rose from 1.78 percent to 3.0 percent at the end of 2013."
Note
"Will Powell Unveil Operation Twist 3.0 Tomorrow?"Note
Wouldn't wanna be holding that right now..
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.