Volatility Remains As Bank Analyst Predicts Selling Over Today

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Mark Melin
Published on
Updated on
Volatility

Credit Suisse’s David Sneddon says selling will end today, but that in order for any stock market rally to be taken seriously, it needs to move past the 1967/71 level on the S&P 500. Such bold statements come as UBS’s Joe LaVerde from the equity derivatives desk dismissed talk that yesterday’s volatility might have resulted from a short index gamma play. As we noted earlier Largest volume in futures in the 3:45 to 4pm time frame going back to 2010 pic.twitter.com/fRUbkmHHUB— ValueWalk (@valuewalk) August 26, 2015 Trading volumes divert from mean in volatility-laden session as Sneddon says selling ends today Amid Credit…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.