WEEKLY MARKET DIGEST: QUADRUPLE WITCHING BIAS TO THE UPSIDE, MOMO CROWD AGGRESSIVELY BUYING GOLD $GLD $SLV $USO $DIA $SPY $QQQ $TBF $TBT
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers. )
QUADRUPLE WITCHING BIAS TO THE UPSIDE, MOMO CROWD AGGRESSIVELY BUYING GOLD
March 21, 2014
Today is quadruple witching. Stock index futures, stock index options, stock options, and single stock futures expire today. Expect volatility.
Part of yesterday’s up-move is attributable to buy side bias in quadruple witching. It is not uncommon for such gains to reverse on the following Monday.
Momo crowd is aggressively buying gold and silver this morning.
Interest rates are range bound.
Oil is attempting to stage a rally.… Please click here or the title below to read more.
March 21, 2014