As a supplement to this morning’s commentary on this week’s AAII Sentiment Survey results:
I pulled together this chart (above) that shows its recent efficacy as a barometer for short term turning points. Continue reading “AAII Sentiment Supplement (85.7% recent accuracy)”
On March 6, 2019, Jeffrey Storey – President & CEO of CenturyLink, Inc. (CTL) – purchased 83,000 shares of CTL at ~$11.94. His out of pocket cost was $991,261. On the same day, the CFO bought $587,500 of stock.
If you found this post helpful, please consider visiting a few of our sponsors who have offers that may be relevant to you.
Last week we warned that AAII sentiment was getting extreme with Bullishness above 40% and Bearishness collapsing to 20%. This week we are seeing the Bullishness start to come down and Bearishness start to rise as Continue reading “AAII Sentiment Coming Down (Update): What’s Next?”
If you found this post helpful, please consider visiting a few of our sponsors who have offers that may be relevant to you.
On March 2 (this past weekend), we posted about the NYSI Oscillator + Parabolic SAR. We said that while the black line had turned to red, we were still waiting on the Parabolic SAR dots to flip for confirmation. Today they Continue reading “NYSI FINALLY FLIPS – What’s Next?”
Today some institution/fund purchased 33,332 contracts of April $20 strike puts (or the right to sell short 3,333,200 shares of Sea Limited (SE) at $20). The open interest was just 945 prior to this purchase. Continue reading “Unusual Options Activity – (SE) Sea Limited”
On January 31 we put out a post on “Unusual Options Activity” in GE (General Electric). While there are many possible reasons for a fund putting on this size (sometimes just to hedge a long book), this was abnormal – which is why we flagged it. Someone was worried about GE’s short term prospects and they were correct. GE is down ~19.57% since Feb 25. Here is the initial post:
