Volatility Remains As Bank Analyst Predicts Selling Over Today

Mark Melin

Published onAugust 26, 2015

Updated on May 13, 2021

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.

Table of Contents

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

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Mark Melin

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.

Volatility Remains As Bank Analyst Predicts Selling Over Today

Trading volumes divert from mean in volatility-laden session as Sneddon says selling ends today

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