SPY options sentiment could be a warning
Prospero.Ai 02/09/23 Premium Watchlist and Trading Tips
Welcome to the premium trading tips Prospero.Ai newsletter. We are switching this from Tuesday/Thursday to 2X weekly because we were not seeing enough clarity to write it yesterday. We have a special full feature article on a particular trade coming after this edition so stay tuned.
Covered in this letter:
Deeper dive (higher signal frequency) into QQQ and SPY Net Options Sentiment
Biggest movers for Net Options and Net Social Sentiment 02/09 Trading Watchlist
GPS short follow-up and new long feature
Advanced trading strategy recommendation
Confused by any terms? Click our glossary help file.
SPY and QQQ Net Options Sentiment are behaving differently, further feeding into our ongoing “risk-off” recommendation due to a clearly indecisive market
If the market cannot even decide if it is bullish or Bearish tough for anyone else to. After the recent strong jobs data, most who I talk to seem of the opinion that it is only a matter of time before another extended Bear run. But that isn’t necessarily imminent, especially with a good CPI reading next week. (And perhaps a run up into that) Let’s see what the numbers are telling us:
