S&P 500 Keeps Eking Out Gains but Market Internals Are Flashing a Warning Sign

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 43 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 31%
  • Publisher: 53%

USD/JPY News

S&P 500,US Small Cap 2000,NVIDIA Corporation

Stocks Analysis by Michael Kramer covering: USD/JPY, S&P 500, US Small Cap 2000, NVIDIA Corporation. Read Michael Kramer's latest article on Investing.com

, and the RSP is not quite wide, with the S&P 500 up 14.8%, the RSP up 3.9%, and the IWM up just 0.3% year to date.

Data from GammaLab shows a collapse in gamma levels, which normally leads to a great deal of volatility in the market. When gamma levels are very high, we tend to see very tight trading ranges, which really makes the price action the first three days of this week beyond strange.Additionally, the last few days have seen a huge drop in reserve balance, as noted by the rising reverse repo facility.

We will see if Micron’s only slightly better 3Q results and in-line 4Q guidance, along with a conference call that seemed to hold promise but was lacking in the details, will lead to the lower bound of the trend line in the SMH breaking.) is trading down by around 7% after hours. As that nearly 170% IV for the options expiring on Friday comes crashing down, and all the calls above $140 burn premium today, that $130 level is very important.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 450. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Volatility Suppression Leads Stocks Higher: Gamma Squeeze Ahead?Stocks Analysis by Michael Kramer covering: S&P 500, SPDR® S&P 500, S&P 500 Futures, CBOE Volatility Index. Read Michael Kramer's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »

Market Indicators You Need to Watch to Spot a Potential Rally Post CPI, FedStocks Analysis by Michael Kramer covering: S&P 500, Dow Jones Industrial Average, US Small Cap 2000, Apple Inc. Read Michael Kramer's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »

Stocks Week Ahead: Volatility to Spike Amid High-Stakes Data Releases This WeekStocks Analysis by Michael Kramer covering: USD/CAD, S&P 500, CBOE Volatility Index. Read Michael Kramer's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »