Well December numbers are in at Margin Statistics | FINRA.org For the second month in a row Margin loan are down and Cash balances in accounts are up. Everything I know says this is the start of a major change in Market perception form Optimistic to Pessimistic. The numbers are still are such that it has to be considered Optimistic. But changing quickly to Pessimistic.
The CBOE Put call ratio for equities has now changed to solidly pessimistic ! is neutral and after being way below one for years. is now consistently above one and has gone above 2 multiple times.
Here is a statement
A rising put-call ratio,or a ratio greater than .7 or exceeding 1, means that equity traders are buying more puts than calls. It suggests that bearish sentiment is building in the market. Investors are either speculating that the market will move lower or are hedging their portfolios in case there is a sell-off.
A falling put-call ratio, or below .7 and approaching .5, is considered a bullish indicator. It means more calls are being bought versus puts.
Since no one except Chem has responded and he obviously did not consider any of the data. He might have to learn. I assume most on this board have no interest. I will stop posting here. If stocks in general and Lynas suddenly drop between now and September don't Say "what happened" or "this is unfair" Or "shorters or market makers are doing it" there are ways to know in advance you just chose to ignore them. All major markets are down from 3 Jan lead by Nasdaq 100. -8%. Yes it could bounce in a week as it is doing to day we will see.
LYC Price at posting:
$10.97 Sentiment: Sell Disclosure: Held
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