Froddy
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TRIN is now at 0.25 and, by my reckoning, that is the lowest level since 2016 (anything below 0.6 is a red flag).Chaps,
The TRIN (an internal market indicator) has closed tonight well below 0.6, at 0.48.
Under normal circumstances (and this is obviously not normal), I'd take this as a high probability indicator that the markets might fall tomorrow.
If you're long any stocks which are directionally correlated to the markets, please be careful. I'm not saying it will happen - just watch out.
No doubt we'll rally tomorrow and you'll wonder what on earth I was on about!!
Put:call ratio 10 SMA (simple moving average) is at 0.67 (anything below 0.8 is a red flag).
I'm closing all long positions and going flat …