Charlie McElligott, cross-asset strategist at Nomura Securities,
warns that if history is any guide, investors may need to get ready
for a market pullback or a wider trading range. Since 1994, the
options expiration in June has seen stocks falling 88% of the time
over the following week, with the S&P 500 sliding 1.2% on
average, the firm’s data showed.
Market stats after Quad Witch
Posted by matt on 19th of Jun 2020 at 11:30 am
Charlie McElligott, cross-asset strategist at Nomura Securities, warns that if history is any guide, investors may need to get ready for a market pullback or a wider trading range. Since 1994, the options expiration in June has seen stocks falling 88% of the time over the following week, with the S&P 500 sliding 1.2% on average, the firm’s data showed.
MATT, Thanks for the 120
Posted by mdgfain on 19th of Jun 2020 at 01:36 pm
MATT, Thanks for the 120 and 240 charts on the Zoom call. Big help!
matt , i couldn't make
Posted by imelhoe on 19th of Jun 2020 at 01:43 pm
matt , i couldn't make the zoom call, can you pls post charts up here so we see what you are seeing pls. tks
Wave structures also look more
Posted by kevindeng0727 on 19th of Jun 2020 at 01:10 pm
Wave structures also look more like a B bounce. Maybe we will make a complex bottom into July.
Market makers make more money
Posted by francisq on 19th of Jun 2020 at 12:18 pm
Market makers make more money with the downside during op-ex...
Good information, thanks. I am
Posted by frtaylor on 19th of Jun 2020 at 11:56 am
Good information, thanks. I am surprised by the -1.2% average. Heck, SPX moved ~1% down from its high just this morning.