Are DOGE layoffs set to resume?
The ARCA:SPY put-call ratio returned to its 20 dma on Monday, which means that the ratio is no help as an indicator for tomorrow.
The rise in the ratio happened on a large drop in open interest, which is now roughly in the middle of the normal range.
SPY put volume fell by 22%. SPY call volume fell by 37%.
One thing to keep in mind is that the ratio will usually fall to its lower Bollinger Band by the close on Thursday of triple witching weeks. That often happens on a Thursday price rise.
Which stock should you buy in your very next trade?
With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Unsure where to invest next? Get access to our proven portfolios and discover high-potential opportunities.
In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record.
With portfolios tailored for Dow stocks, S&P stocks, Tech stocks, and Mid Cap stocks, you can explore various wealth-building strategies.