General Market commentary

The S&P 500 index experienced choppy action on the quad-witching day as expected. We are seeing some stocks breaking out of bases but also some reversals. The overall tape is mixed.

Quantative market model signal

1. Midterm trend: bullish
2. Midterm risk: neutral(upgraded from high)

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GEX

GEX has came down quiet a bit as expected. This de-leverages option market maker’s exposure, and therefore we upgraded Midterm risk in Quantative market model signal from high to neutral.