Friends – Activity – Edward Cordoba

Seth Golden posted an update 12 months ago

Las time we saw $SPX Bullish Percent Index this high, a tumble did we witness as SPX corrected 10%…

But for seasonality? And McClellan Oscillator was much higher in July than today?

Nonetheless, sentiment is in overbought territory at 80%

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Seth Golden posted an update 12 months ago

J.P. Morgan on Wednesday’s late day sell-off:

“market volumes are light and it does not take much to get this market moving… especially considering that SPX flirted with ATHs today.” As such, once market makers and traders realize that today was nothing more than a successful attempt to take advantage of a massively overbought market, and let…[Read more]

Seth Golden posted an update 12 months ago

Welcome to Finom Group, new members! Please be sure to check your “onsite” messages by clicking on your profile. You might have a pending message/alert!

Jack Loftis posted an update 12 months ago

@seth-golden Why would you say $UVXY is climbing in parallel to $SPY moving higher? I had hoped getting past expiry would remedy that.

Seth Golden replied 12 months ago
This is typical end of year “crash up” market ie $SPY UP Vol UP. Happens in strong market regimes at year-end.
- Jack Loftis replied 12 months ago
  Thanks. Hope it resolves at some point. Trust you are having a nice December “off”!
  - Seth Golden replied 12 months ago
    There is just too much Vol supply right now so it probably would resolve with a corrective wave of sorts resulting in a more definitive spike in VIX. Thank you Jack and hope the holidays treat you well!

Seth Golden posted an update 1 year ago

Semiconductor Index vs. S&P 500 since 2002

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Seth Golden posted an update 1 year ago

UBS’ Jonathan Golub 2024 S&P 500 Outlook = 4,850 by year-end

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Seth Golden posted an update 1 year ago

BofA Savita Subramanean

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Seth Golden posted an update 1 year ago

Until an investor accepts that down ⤵️ is opportunity and up ⤴️ is the reward, a perpetual cycle of fear and underperformance is more likely than not ~Seth Golden

Seth Golden posted an update 1 year ago

Secular bearish narratives don’t usually start with, “The S&P 500 $SPX A/D Line closed at All Time High.” Breadth leads price. Pullbacks are part of long-term uptrends.