Today we had 10,570,367 calls traded. Very close to the same amount as yesterday. We had some more puts to the tune of 6,738,838. About 500,000 more than yesterday. The VIX closed at 20.7.
Something very interesting happened today in that the Advance Decline ratio closed at 1.87. This is interesting because the market was showing so much strength. Every dip is being bought. There was 16 new lows meaning that the New Low MA has begun to flatten or even tick low. We had a put call ratio of .63.
Goldman Sachs had a bond offering today and i believe that a lot of the strength today fed off that. In addition, we have an anticipated POMO day tommorrow.
I am looking for weakness tommorrow to see if gets bought. Not gonna play it.
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