Total put-call ratio is 1.04 while EMA120 is 0.98 – which means market is bearish. Historically when total put/call ratio EMA120 was 1.0 corrections of 10-20% or more happened.
The momentum in ZIV is going a bit down meaning more volatility. I will probably reduce my holding in ZIV and go for HACK instead.
Both SPY and QQQ are ranging and the action is happening in the sectors instead.