DESCRIPTION: In the chart above I have included an overlapping analysis of PCC which is a PUT TO CALL RATIO INDICATOR & QQQ a LEADING INDEX in the OVERALL MARKET. POINTS: 1. A PUT TO CALL RATIO LEVEL OF 2:1 HAS ALWAYS BEEN INDICATIVE THAT A MARKET BOTTOM IS NEARING OR IN. 2. MACD is has officially shown a complete flip in buying to selling pressure by touching...
The Macromarket is telling the same story overlapping on the same chart. More puts to calls, higher DXY, and Higher VIX. Likely a near-term top given the number of amateur investors seeing this same reality, but the trend will likely continue until something big breaks and the system bottoms and a new market cycle starts.
Liquidity within Leveraged products was used to provide a bid for the Underlying on Gamma/Delta. With the overall decline in participation, we are seeing Micro Range Squeezes develop when it is "Time". Friday's trade was a run to Square, and with the Retail Options players levered up in 420 Spy Calls... there was no chance they would be paid. The PCC remains...
Should this fail... Look out below for the Indicies. They would challenge lows. This would quickly to an Inverse Gamma Squeeze on all Calls...
Observe VIX today, it will provide the indications. Globex squeeze for ES arrives on time again. Make or break Week. Only 1 time in market history did we see 7 weeks of down. _________________________________________ Bulls need a bunch today. It's FUF.
Wednesday's have become notorious for Options Whipsaw. The Proles cannot be permitted to win. Attempt to lever up, you'll be taken out of the trade.
Works every time. Looking for an RT. Use the PCC. Quit guessing. Don't be a chump.
Again, the PCC @ 1.33 works to provide the Globex Index Squeeze. Ahead of tomorrow's CPI we'll see where the ALgo's can stretch the CT. Happ Cloud for the Win ;)
Never underestimate the lunacy of former JPM Alumni Tom Lee. The Cathy Wood of C N B C - Tom simply needs to STFU. In January, Tom was concerned about the Markets after Mid-Year... ________________________________________________ Market Liquidity is evaporating. Volatility is expanding. The Algos have been very careful to press the Sellers on spikes in the...
Call buying is needed for the Gamma Squeeze. Same junk, different month, same trade. Kick em when they're up, kick when they're down. _____________________________________________ Laundromat Thursday.
PCC can become more extreme, will it... The one to watch for a Countertrend. Many Sectors have broken or are @ 200 EMMs. ________________________________________ Many Weekly candles shower an acceleration of Momentum last week. Eventually, the squeeze arrives... from where... TBD.
NQ at potential support. Looks like NDX will open lower Thursday . . . and it was somewhat expected that futures would gravitate lower considering VXN closed in no-mans-land today. . . anticipating a tap of VXN at the 36 level resistance and then NDX to the upside. PCC is within normal levels indicating to me that there is little panic and/or bearish sentiment...
NDX looks like it could find support at ~11,000 for the following reasons. 1) Potential Trend Line Forming; Break toward the top 2) I have the 2 Stdev Bollinger bands plotted: Price action is at the lower limit at this moment and could present buying pressure from the many who use this metric for entry points. 3) Fib levels show a retracement level at about...
working on correlations with Price and the PCC
Updating these charts for this week as the market character continues to change. If the NASDAQ is going to return to the regression mid-point lines for 1yr, 2yr, 5yr and 35yr, there is still significant drawdown to happen in the next couple months. Over the past two weeks, the index has gone up and down, but has consistently followed bearish trend lines, even on...
SP 500 reaches a new all-time high Comparison