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VIX Tops 15 As Stocks Slide To 2-Week Low
Just 2 days ago everything was awesome (according to stocks). Nasdaq hit 5000 proving it's different this time, despite the total collapse in macro and earnings data. So perhaps - just perhaps - as buybacks slow, US equity markets are exposed to reality underneath them. VIX has snapped back above 15, its highest in 10 days, and the S&P is back at 2-week lows... retracing all the "Greek Deal" gains.
VIX rapidly snapped from under 13 to over 15...
Stocks are back at pre-Greek-Deal levels...
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BTFD!!!!
Jim Rickards has an interesting theory on why gold price is being suppressed. In essence, it’s to help China accumulate enough to have the same percentage of GDP as US, Russia & Europe so that when the big reset happens, China will be on equal footing.
http://dailyreckoning.com/u-s-helping-china-accumulate-gold/
Ask yourself
-who are Rickards' sources, if they are not figments of his imagination?
- why should he be privy to their knowledge?
- why should their information be reliable ?
-why should he share this information with you?
Apparently he's not the first to speculate this idea and he does have some impressive credentials;
http://www.gata.org/node/15155
BTFD
And there is your signal. Buy Buy Buy!!!!!
Thanks Ty.
Vix looks all pretty now that the bruises have faded. But no worries, there will be new ones.
pods
Yeah, but w/ volume on the 1st 15m candle so pathetic, and IWM's 20 DMA almost touched, a post-10 snap-back could be fierce. Big Q of day is, will it be temporary before a more sustained plunge, or melt up slow like a sonofabitch, as it has the past 5 weeks. "Well, that depends, punk, are you feelin' lucky?"
IMO selling to come.
Playing for a sub 80 TNA close by friday but I won't be greedy if I get a chance to roll down my spread and de-risk a bit.
IWM 119-120 ish fills that gap from 2/9
Like everything in this shit market, it has become nothing more than a crap shoot....now where is my dart and blindfold....guess the monkey got it again.
Paradoxically, 'twould be perhaps better for you if we retrace strongly for an hour or so, for when a Russell major DMA is hit early in a session, it normally bounces strongly for days. Unless ... things have changed ...
Waited and built full TZA from 11:30 til noon, hope she rides back to the 20 DMA for a reverse hammer daily bar
bullshit stocks will never be this cheap again
9:51 Tylers....Jinxed it again. Gracias s/
Bottom should be in for today. Next small leg up takes it to a primary 3 position, Elliott Wave squiggle count. Then a decent sell off to a primary 4 which should indicate an ending diagonal for yet one more leg up to a primary 5 / major 5 position. Then the fireworks start. We will see. :)
"Oh the humanity" S&P down 2% from high.
The Dow might lose 18k! Why won't Janet DO SOMETHING!! Asleep at the wheel!!! sob..
I doubt we go up much from here. Maybe bounce around a bit, but I think it's pretty much downhill. They might pull off a sucker rally on a slow day, but I think the bulk of their interventions will only serve to slow the decline.
Anyone who has made serious gains here has GOT to be thinking about taking something off the table...And everyone has to be nervously watching everyone else, see who blinks first.
I've lived through up-moving markets, and this market has none of the confident enthusiasm of those past markets. It seems more like shell-shock.
"I've lived through up-moving markets, and this market has none of the confident enthusiasm of those past markets."
That's because it is not a market.
I think it is cute that you use the word "market". Sort of like "8-track". Or "hope for the future". Concepts now in the historical trash bin.
*sigh*...I guess I AM 'dating' myself...I grew up using a rotary phone...
God I'm old...
Everything IS awesome. Or go to jail. It's the law.