Yesterday we informed you that according to our algorithms massive short squeeze was occurring in gold and miners especially GDXJ.
WEEKLY MARKET DIGEST: MARKETS PARTY POST FED BUT DO NOT IGNORE ANOMALIES, GOLD SHORT SQUEEZE $GLD, $SLV, $SPY, $QQQ, $TBT, $USO
(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, MASSIVE SHORT SQUEEZE IN GOLD AND MINERS
Today is quadruple witching. Stock index futures, stock index options, stock options, and single stock futures expire today. Expect volatility.Part of this week’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.
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