Top 10 Macro/Financial Charts of the Week – w35
#SPX | Bets against stocks drop to 15-year low as market rallies – FT
*Link: https://t.co/ROlBApYIJq pic.twitter.com/bp7x3U6syu— Christophe Barraud (@C_Barraud) August 30, 2020
$SPX Gamma Exposure (updated).
21DMA in the Top 20 days in data history (0.85%), just passed the JAN 2018 peak value – still climbing, with JAN 2020 now in sight.
Watching closely how this develops and IF/when it turns down.
Will revisit in the coming weeks – stay tuned. pic.twitter.com/Y8b9F1r3rg
— Macro Charts (@MacroCharts) August 28, 2020
Speculative options trading reached the equivalent of 12% of NYSE volume last week.
Like some combustible combo of musical chairs, Russian roulette, and five finger fillet.
How many traders can dance upon the head of a pin? pic.twitter.com/nsCeyKH093
— SentimenTrader (@sentimentrader) August 29, 2020
Put Call Ratio Weekly – Scotty says "All in Baby" – the markets are showing 2 Kings – the problem is Scotty has 2 Aces hidden 🙂 So many things depend on the FAAMNGs going higher. pic.twitter.com/y3Qv656nSf
— David Larew (@ThinkTankCharts) August 30, 2020
The S&P 500 set a 52-week high for a week straight.
Every one of the sessions had a negative McClellan Oscillator.
This has never happened before, using S&P stock data to 1998 or all NYSE securities back to 1962. pic.twitter.com/b5lpEl6XVt
— SentimenTrader (@sentimentrader) August 28, 2020
The NAAIM Exposure Index hit 106.56 this week, which is the second highest reading in the history of this indicator (the highest being in December 2017, a few weeks before the January 2018 market top). Notice the long term trend line… Top soon pic.twitter.com/AYFpspaDD9
— David Larew (@ThinkTankCharts) August 29, 2020
Dark Pool buying activity has plunged while $SPX sentiment has reached an extreme. Typically a deadly combination. pic.twitter.com/3YOiN2XexS
— Comped Capital (@CapitalComped) August 29, 2020
You can’t make this up…
Nasdaq vs. US banks.
Just wild.
This can’t go on forever. pic.twitter.com/4hzLplMaVq— Otavio (Tavi) Costa (@TaviCosta) August 27, 2020
$AAPL speculative options activity is spiking into the stratosphere.
Will be fascinating to see how far this mania goes – maybe new records? I'll revisit this soon.
Remember: the blow-offs in '07/'12 led to collapses of 45-60% next 12M. Enjoy the ride, but don't forget gravity. pic.twitter.com/qZAYX317pS
— Macro Charts (@MacroCharts) August 25, 2020
AAPL just 2% away from surpassing the entire Russell 2000. This is absolute insanity pic.twitter.com/mblZO5TAZv
— zerohedge (@zerohedge) August 28, 2020