Top 5 Charts of the Day – August 29th 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

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

AAPL just 2% away from surpassing the entire Russell 2000. This is absolute insanity pic.twitter.com/mblZO5TAZv

— zerohedge (@zerohedge) August 28, 2020

Good luck Powell pic.twitter.com/OGeCeg3ZDh

— AndreasStenoLarsen (@AndreasSteno) August 28, 2020

You just came back from Mars:

The just Fed printed $2.8T in 6 months.
Reduced rates to 0%.
Deficits shot up to WW2 levels.

Would you have guessed that policy makers would still be fighting DEFLATION?
⁰
None of us own enough gold.https://t.co/FQJDdw6aBI pic.twitter.com/dByPy8sXZ7

— Otavio (Tavi) Costa (@TaviCosta) August 29, 2020