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Institutional actions from StockTiming.Yesterday we touched on the jump in the put/call ratio. There have been 6 other times we've seen that since the 2009 bottom, and the S&P fell at least -0.5% the next day (today). During the next four days the S&P rebounded at least 1% each time but once (a loss of -0.3%).
There have also now been 3 daily lower highs on the S&P, each on consecutively lower volume (using the S&P 500 SPDR, SPY). In that fund's history, this has occurred 20 times, 17 of which led to a rebound over the next two sessions averaging +1.1%.
Since the 2009 bottom, there have been 9 times the VIX index jumped at least 6% two days in a row, as it has now. Over the next two days, the S&P was positive 7 times, with an average of +0.7%. The last 6 occurrences, dating back to January 2010, were all positive and only one had a drawdown more than -0.2%.