The CBOE SKEW index measures the market's perception of tail risk one month out. Wednesday, all of a sudden this indicator dropped to a level not seen in a year. The last time we saw a reading this low: The day of the October 2014 bottom.
Is this a meaningful market low? It could be. I'm on high alert at this point. If you missed it, check out some good reasons to be bullish. We also saw some very interesting gap-ups to trade against across the board Wednesday.
Thanks for reading. Trade 'em well!
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