Top 5 Charts of the Day – August 30th 2020

30 August, 2020

#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

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

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

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

Time for an update.
One single company is now worth 3.5x the entire precious metals industry.
A reminder:
Miners are the only industry to directly benefit from ultra-dovish monetary policies to fight “deflation”. https://t.co/FQJDdw6aBI pic.twitter.com/LVwDgminvV
— Otavio (Tavi) Costa (@TaviCosta) August 30, 2020