The New York Stock Exchange may report its data on securities market credit for August as soon as Friday, which means I might be able to bring up-to-date by this time next week my Margin Debt Directional Indicator, or MDDI; Securities Market Credit Risk Rank, or SMC Risk Rank; and comparison of the historical monthly levels of NYSE margin debt and the SPDR S&P 500 ETF (SPY). Meanwhile, our droogies at Seeking Alpha have published the following pieces on the subject this year:
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