The monthly Global Fund Manager Survey from Bank of America has been widely followed for years on Wall Street for its ability to suggest sentiment extremes that often precede sizable market reversals. Indeed, the latest report released Tuesday shows professional investor sentiment is running at its hottest level in years. Among the key data points are fund managers' cash levels — they've dropped to just 3.3%, the lowest in the history of the survey, a clear signal that professional investors are leaning h ...

Group 1 - Bitcoin reached an all-time high of nearly $125,000 last month, but September, historically a weak month for Bitcoin, may see it reclaim dominance from Ethereum [1] - Analysts are predicting a potential reversal in Bitcoin's performance despite its traditional September slump, as Ethereum surged 74% over the past two months while Bitcoin only increased by 1% [2] - In August, Bitcoin fell by 7%, while Ethereum rose by 17%, leading to a decline of over 5% in Bitcoin's market dominance [3] Group 2 - The ETH-BTC ratio has reached levels that raise concerns about Bitcoin's position as the leading cryptocurrency [4] - Historically, September has been a challenging month for Bitcoin, averaging a decline of 3.7% since 2013, with only two positive finishes in over a decade [5] - Matthew Sigel from VanEck suggests that Bitcoin could outperform in September as retail investor interest wanes in newer crypto projects, leading institutional investors to seek refuge in Bitcoin [6]

Market Overview - The current market momentum is characterized by record highs in the NASDAQ and S&P 500, but market internals are weak, with a significant number of stocks underperforming [2][3] - The S&P 100 shows a decisively negative advanced decline, indicating a challenging environment for traders [3] Target Corporation - Target has been under significant pressure, down 34% year-to-date, and is viewed as a bearish opportunity as it approaches a critical support level at $90 [4][5] - A proposed options strategy involves buying 90 puts and selling 85 puts for a $160 debit, anticipating a breakdown below the $90 level [6] Eli Lilly and Company - Eli Lilly is seen as a bullish opportunity despite being an underperformer compared to the S&P 500, with recent news indicating resilience in the pharmaceutical sector [14][15] - An options strategy involves buying 750 calls and selling 760 calls for a $4.80 debit, aiming for a quick upside based on current trends [15][16] Citigroup Inc. - Citigroup has outperformed year-to-date, up 40%, but faces a weakening economic backdrop and flattening yield curve, raising concerns about sustainability [24][25] - A bearish options strategy is proposed, involving buying a 92.5 put and selling an 82.5 put for a $1.95 debit, allowing for a longer duration to assess market conditions [26][33]

Market reversal started, GOD candles comingTHE HUNTER ✴️ (@TrueGemHunter):Dips are for buying, remember how long last dip lasted ‼️ ...