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Are equities decoupling as big divergences continue?
Several markets have shown signs of fatigue over the past weeks, except for the equities market. Is equity decoupling from metals, the 10 year, China etc?
We see several divergences hitting extreme levels short term. Accompanied witht he market having melted up on low volume, and a collapsing vol, things could get interesting soon.
Bullish or bearish, it is certainly worth considering the charts below.
10 year vs SPX. Last time rates were here, SPX was quite a bit lower. Note the 200 day moving average.
SPX vs China lately.
SPX vs metals over the past 30 days.
Spx vs the IWM.
So let us all put our hope oin Apple reaching 1k asap.
For the long term "fair value" of 6000 for the Dow, click here.
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No one can see anything coming.
the comps are leading indicators, imo
Since 2003 when I first started investing (and now trading) the markets I have never, ever witnessed such mental, manipulated and insane markets as we are seeing today.
NOTHING makes any sense anymore i.e melt-up in equities, HFT algos moving the market, bizarre decoupling of metals/equities/commodites/fx correlations, strange price action in USTs etc etc
I am just at a loss as to how one is supposed to trade anything these days?
Been in since 1993, and except for the loony days of 98-2000, when people were going nuts/losing their minds/throwing darts at boards have I seen this much de-coupling. From reality, santiy and rationale.
I trade now by gut......fuck charts......fuck fundamentals......fuck any asshole on here espousing that they are "experts".
The only "expert" you need is YOU.
maybe they just bought up everything in major companies, now they hold on to it and push up prices by flinging it back and forth to eachother, waiting for real buyers to show up
the longer this lasts, the higher prices will be in the new normal level - they will only lose if the first buyers show up below the average level at which they started buying everything (March 2009?)
With the INDU, SPX, SPY, etc all above the upper bollinger and no correction in sight, this sucker is diverging from reality.
Only when the life has been squeezed out of every short, will this fuker roll over.
If I had a dollar for every poster who called for a market collapse here at ZH, I could afford a share of AAPL.
Let me give you a little hint:
BTFD
Yeah, but what about the imminent collapse!
The inevitable is not necessarily imminent.
Hitting highs not seen since the Summer of 2008 as the retail and pension investors sell Treasuries and start buying AAPL and other equities.
Time for a planned "clean the slate" market crash where the HFT machines are first out the door and the elderly and responsible savers get trampled to death in the crush for the exits.
I am tempted to buy some NLY for the quick dividend. Then I realize some action by the Fed or the government could result in a quick 15% drop in the price completely erasing any dividend benefit. I am probably out of the market forever. Afterall we are not in a business cycle we are in a collapse. These are not markets, they are the sum of gambling and manipulation. I am neither well connected nor particularly lucky so I'm keeping my dough in the mattress, some paper some not so soft. Wake me when it is safe to come out again. Don't touch the mattress.
What these central criminals, bloated by their egos, always fail to recognize, is that there are always unintended consequences, and that they can't anticipate or plan everything. It is too complex for even the most intelligent people to anticipate all the ripples from their boulder-throwing hubris. Complexity theory helps to explain why this happens.
They are just setting us up for the next catastrophe, which they will cause, but which they will once again deny. It will only get bigger and more horrific with each calamity they create.
We can not defy the laws of sound economis forever!
I find it hard to believe that at precisely the time that the stock market is exploding in pollyanna jubilation, the crude oil market is suppressed. Correlation is suddenly non-existent!I have wondered for the past week or so if Soros and some of Obama's other billionaire cronies are suppressing crude to try to keep him in office!
I want to see a Congressional investigation into what is clear to me is market manipulation for political purposes!
This is market manipulation. There IS no free market any more.We live in a day of tyranny by elitists!
The market manipulators are doing everything they can to get the Emperor re-elected so that they can finish off the Constitution with a lame duck dictator!
...and unfortunately, many Americans don't recognize the dictator in sheep's clothing. They only see more easy money and "free stuff" at the expense of their own future. Many Germans didn't either when they voted for Hitler!
Calamity is certainty. Plan and prepare accordingly!
the News down the wire today is that the Monopolst Matrix own BOTH candidates ...er, and their Parties
they're doing nothing to get Bumma re-elected except funding both him and his 'competition'
Heads they Win, Tails we Lose
It's called 'democracy' apparently
I think Berstoooooooooooopid is colorblind anyway so these charts mean jack squat to that A-Hole.
Centrally planned economic policy at it finest level of insanity.