27th August 2019 - Positioning update: Getting closer to capitulation

Call to put ratio of US single stock volumes fell below -1.5 SD on Friday, a level associated with a strong contrarian signal. In previously, when the 1.5 SD mark was hit, the S&P averaged gains of 6% and a 80% hit rate in the following two months.

For further information about this research publication contact us at sales@vanda-securities.com.

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