Market Overview
Aggregated Leveraged ETFs Short Sale Volume (Proprietary)
Data as of 2025-04-02
This indicator, developed by Zhengyang Yao, is designed to effectively predict bull and bear markets. It identifies a bull market when the moving average (MA) of QQQ trends upward while the MA of short-sale volume declines. Conversely, a bear market is indicated when QQQ’s MA trends downward and short-sale volume’s MA increases. This correlation is logical, as investors typically increase short selling of risky assets, such as leveraged ETFs, during bearish periods.
Leveraged ETFs: TQQQ, SOXL, QLD, SSO, FNGU, SPXL, TECL, UPRO, TNA, FAS.
QQQ 21 Days MA: Trending Up
Short Sale Volume 21 Days MA: Trending Down
Short Sale Volume Ratio (NewValue / 21 Days Avg):
Sentiment: Bullish
QQQ Volatility
Data as of 2025-03-27
Tracking QQQ volatility helps investors gauge market sentiment and manage risk. The grey line series represents the realized 30-day volatility, while the colored line series represents the 30-day implied volatility of QQQ—red when implied volatility rank or percentile exceeds 75%, indicating heightened uncertainty and potential opportunities, and green otherwise, signaling calmer market conditions.
QQQ ATM Put/Call Ratio (Proprietary)
Data as of 2025-03-27
The QQQ ATM Put/Call Ratio is a proprietary indicator developed by Zhengyang Yao that helps investors gauge market sentiment by comparing the cost of at‑the‑money put options to call options. When the ratio is below 1, it means calls are more expensive than puts—a bullish signal that actually indicates T+1 sentiment (expectations for the next trading day) rather than today's outlook. Conversely, when the ratio is above 1, puts are pricier than calls, signaling bearish sentiment. This unique metric, not found on any online sources, offers a forward-looking perspective on market dynamics.
QQQ Straddle Breakeven
Data as of 2025-03-27
The QQQ Straddle Breakeven reflects expected volatility—when it rises, straddle costs increase, signaling the market anticipates bigger moves.
Unusual Options Trades
Data as of 2025-03-27
This indicator tracks all unusual options trades with amount over $10M.
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