Life after the traumatic squeeze

Imagine the pain...

The NDX now vs 1999 analogy updated. Not likely, but just imagine the pain should this scenario play out.

Source: Refinitiv

Fade gainers for drainers

Top performing stocks tend to underperform the worst performers in the last month of the year according to UBS.

Source: UBS

Chasing crap

Do we see the crowd start chasing crap in order to show desperate year end performance? Most shorted and MEME vs the SPX.

Source: Refinitiv

Source: Refinitiv

The collapse of skew

SDEX index has imploded since around mid October. We have not seen a lower close on the weekly chart...ever.

Source: Refinitiv

Another pic of big panic in small caps

IWM put call skew flat, lowest ever...

Source: GS

Remember the FCI?

Tightening is gone...

Source: GS

Welcome to overbought

We have gone from extremely oversold to overbought in a straight line basically. The question is, do we see extreme overbought kick in before the furious squeeze fades out?

Source: Refinitiv

Not so shitty breadth

Long gone is the shitty breadth on SPX. Percentage of stocks above the 50 day has exploded to the upside during the latest melt up.

Source: Tradingview

Record high mega-cap tech positioning

Hedge fund positioning in mega-cap tech is now back at record highs. Who is left to buy?

Source: GS Prime

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