MarketWatch Options Trader: Options market has given new ‘buy’ signals on U.S. stocks

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What had started out looking like an oversold stock market rally has carried farther than expected.

By doing so, it has caused buy signals to be generated from some of our other indicators — including, most importantly, all of the put-call ratios. The typical oversold rally can normally get back to, and slightly above, the declining 20-day moving average before succumbing once again to selling pressure.

That hasn’t happened here, as the S&P 500

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