Look at these stunning images of panic from this week’s brutal selloff.
Selling on Thursday generated at least a couple readings of panic
October 12 (King World News) – Here is a portion of today’s note from Jason Goepfert at SentimenTrader: Inverse ETF volume exploded, as program selling reached multi-year highs. When the indexes broke their early morning lows and selling pressure picked up, it reached a crescendo that hasn’t often been matched. Never, in some cases…
IMPORTANT:
To learn which junior gold explorer may have just drilled some of the best holes in the world CLICK HERE OR ON THE IMAGE BELOW
Sponsored
Jason Goepfert continues: For the first time in history, volume in inverse ETFs neared 2% of total NYSE volume, almost double the prior record from February. That’s remarkable.
If we include volatility ETFs in the equation, then it exceeded 6% of NYSE volume, also a record, but just barely eclipsing February when the volatility products were a much bigger deal. (see chart below).
First Panic Reading…
At the worst point on Thursday, nearly 60% of the NYSE was ticking lower, the worst since 2011 (see chart below).
Second Panic Reading…
The CNN Fear & Greed proxy model fell even further, now below 8. We don’t see that very often, even during bear markets (see below).
EXTREME FEAR: Fear & Greed Index Hit 5 Yesterday!
There is much more to this special report from SentimenTrader but it is only available to subscribers. To subscribe or try a free two week trial to the internationally acclaimed work that Jason Goepfert produces at SentimenTrader CLICK HERE.
ALSO JUST RELEASED: Gerald Celente Just Issued This Major Trend Alert After Dow Plunges Another 545 Points And Gold Spikes CLICK HERE TO READ.
© 2018 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. However, linking directly to the articles is permitted and encouraged.