With a p/c ratio of 1.26 the market will likely bounce.
I am watching GNRC for a short term rally. GNRC, the generator maker, usually rises when the US is hit with a hurricane and has shown good relative strength the past 2 days. Look at the volume on Friday and Monday as it rose in a declining market.
3 thoughts on “Blog Post: 1,106 new yearly US lows and 12 new highs; put/call ratio EXTREME at 1.26, $GNRC showing strength in stormy seas, see daily chart”
Are you saying you are interested in buying $GRNC right now, even though nowhere near a GLB?
I agree. Are you mad?
Unfortunately, I made an exception and got burned.