That theory does have a merit. IIRC Dave Portnoy got into stocks because of that. Now that’s a singular case but I think there was stats somewhere showing the increased interest to stock market since the lockdowns started.

I can’t really tell if they are directly correlated beyond oil price

I just noticed the correlation myself (didn’t know Larry McMillan existed), so I built this one.
I wonder what [types] and [periods] you use for the two averages that allowed it to avoid a false alarm on Apr 1st through Apr 3rd. That was pretty neat –at least this time around…
Thanks

I guess it does. Crude down 8% in first two hours. /ES and /NQ gap down 1% and now are down 1.5%.

Seems Buffett was selling his stock to all the new retail traders. There is a growing theory that goes something like – with all of the casinos shut-down ($B’s of revenue), many gamblers were opening new trading accounts & throwing their money on the SPY, QQQ, etc. & airlines, hotels, car rental, etc. horses (basically, the companies that got hit the hardest during the drop).

All the best.

Cheers!

Could you give me the exact studies (or possibly thinkscript sources) you’re using in that TOS Chart so I can replicate it?
Thanks in advance

Buffy the Airline Slayer

Do the Saudi markets usually affect the US markets?