Replies to post #379179 on SPDR S&P 500 (SPY)

[imiloa]

from a trading friend who tracks CNBC:
josh brown:
"this isn't a santa clause rally,
this is a keep your hedge fund job rally."

apparently, fund ROIs were down before october.
so they've been pulling out all the stops last couple months
to boost their annual ROI numbers before EOD tmrw.

the NAAIM exposure data i posted before reinforces this notion.
funds are now 102.71% invested, as of yesterday,
up from 97.3% last wednesday.
https://www.naaim.org/programs/naaim-exposure-index/

[[ 200% Leveraged Short
100% Fully Short
0% (100% Cash or Hedged to Market Neutral)
100% Fully Invested
200% Leveraged Long ]]

meaning, fund mgrs are now overleveraged.
which suggests they will want to unload equities to rebalance next week
once the fund 2023 ROI data are booked EOD tmrw.

meaning, next week we could see some heady SPY tumbles
for solid put scalping if we're nimble.
hopefully, i'll have time to trade next week, myself!

this week (as of yesterday):


last week:

[JoeWo]

Tough week so far.