Followers | 689 |
Posts | 143817 |
Boards Moderated | 35 |
Alias Born | 03/10/2004 |
Tuesday, October 01, 2019 12:49:06 PM
By: SentimenTrader | October 1, 2019
Heavy hedging
The smallest of options traders continue to protect themselves against a market decline to an unusually heavy degree. Last week, they spent nearly a billion dollars on hedges, the most ever for a week when the S&P 500 was within 2.5% of a 52-week high.
This kind of apprehension from this group of traders has been a consistently good sign for stocks over the medium- to long-term.
Gold streak
For the first time in more than four months, gold fell below its 50-day moving average, ending its 8th-longest streak above that average. Since 1975, few other time periods were able to match this kind of medium-term momentum.
It also comes relatively soon after gold had reached a 52-week high. Similar action led to further short-term selling, but long-term gains. It also managed to rise for 4 quarters in a row.
Read Full Story »»»
• DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
• DiscoverGold
Recent GDX News
- YieldMax GDXY Name Change • GlobeNewswire Inc. • 01/25/2024 04:22:00 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM