[Charles Payne is having an investing town hall tonight with Dave Portnoy as the honored guest–Bears like Rick Ackerman have thrown in the towel…pretty much…saying that as long as Apple keeps going up the mkt will remain bullish….so a correction should be nigh…bells are ringing all over the financial landscape –“hiding in plain view”…but no one cares]
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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?
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.