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The Market's "Other" Panic Indicator Just Went Off The Charts
With indicators from macro-fundamentals (e.g. retail sales, core capex, inventory-to-sales) to market-oriented measures (VIX levels and backwardation, HY credit spreads, commodity prices) all flashing various colors of dead canary in the coal-mine red, we thought today's colossal spike in the Arms (TRIN) Index was a notable addition.
An Arms Index value above one is bearish, a value below one is bullish and a value of one indicates a balanced market. Traders look not only at the value of the index, but also at how it changes throughout the day. Traders look for extremes in the index value for signs that the market may soon change directions. The Arm's Index was invented by Richard W. Arms, Jr. in 1967. In essence, a sudden surge in the TRIN indicates a jump in trader lack of confidence, as everyone scrambles to either go long the 2-3 rising stocks, or to sell or short the biggest decliners, ignoring the bulk of the market..
Today's move was far greater than "Black Monday's market-halting crash:
In longer context:
As we noted previously, the Arms index is an indicator of market breadth essentially tracks lemming like momentum-chasing behavior with respect to volume... meaning today saw panic-buying volumes which given that it was dip-buyers at the close, we suspect won't end well...
Trade accordingly....
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don't tell Wile E. Coyote
and what will 'Wobbly Wednesday' show?
In other news Islamic State Destroy Temple of Baal(Bel) in Syria’s, Palmyra...
Didn't someone using numerology or biblical prophecy say three days ago that the banksters or the Cartel et.al would lose control of gold and silver on September the first? Well, here it is, September 1, and I don't see gold price going up any. In fact, i think it just lost a buck or two in the last hour.
Losing control doesn't always mean to the upside. IMHO "if" the powers that be are controlling the metals they do it predominantly to the downside.
IF "powers" exist, then the next move will be 1080 followed by.... yup......the big G, comin' right up in the month's ahead. $999 here we come.
Heap on those down votes, but keep an eye in the rear view mirror.
I gave the down vote because you asked and no one was giving. The price of gold or silver is not relevant since it is priced in any given dying currency. If you live anywhere with hyperinflation and your savings was in that currency (i.e. Venezuela or Greece) or held it in gold or silver; which do you think would have the better result. That is why price doesn't matter; it is a bet against the ultimate result of debt default and the resulting hyper inflation.
Just for you; did you know you have your own website? Great place as well. http://junglejims.com/
If the Russkies have moved into Syria then they have upped the game.Putin's economy might be sucking due to oil collapse but in the diplomacy game he's done well.
Compare the fighting qualities of the west Ukies to the Hezbollah fighting in Syria.With Iranian Sturm troops and Russian aircover Assad may have his ass covered.Now all we need is a Malaysian airliner or an AWACS shot to bits.
About those refugees in the rail station in Budapest,Nigel Farage has to be laughing his ass off about now. "Merkel has her panties in a bunch!".
All good.
Morgan Stanley announces buy alert for global equities.
Morgan Stanley is the next Lehman in the US; just watch and see.
I think it was about two months ago that the Germans pulled Patriot SAM batteries out of Turkey.Now the Russkies have landed in force in Syria.Something must have happened to force Putins hand.Either Assad was having his ass handed to him by Isis,or something else.Syria is not the Hindu Kush.I can't imagine Putin would do this without thinking several steps ahead.I dunno if Maastricht is falling apart (the treaty),but NATO sure is.
Roll the Hind gunships,we live in interesting times...
You Gave Me a Mountain This Time
https://youtu.be/yoH367Dg4YY
sanders still tries to push the climate change scam
I reviewed a premier climate change site and am convinced that the regular person who trys to argue this is based on "science" has NEVER causally looked at a thing. It is speculation at best & flat out intentional deception at worse and the love of money is the driving force. People should be more concerned about the aerosols being sprayed 24/7 and the Fukushima and the 800 plus nuclear detonation (Known US alone) and the HAARP projects as to the gaping hole in the ozone on the Arctic etc. From my worldview; even it global warming were caused by anything unnatural, just wait till Jesus burns up the whole thing with a word.
As America is the Hebrew prophet Isaiah's only "Zion," the New Israel, Godless Zionists like Sanders and Trump, or any other supporter of atheist Herzl's and Vatican banker Rothschilds' False Israel's "Organized Crime Capital of the World," are anti-prophecy, anti-Bible, anti-Judaism, and anti-God: they are traitors against America and against the Creator of the universe, God Almighty, our named Sovereign.
They PPT is having a diminishing effect; it is obvious that this market wants to "cut-loose" in a big way and shown by the persistence. You can use your imagination as to all the band-aids being put onto the wreckage behind the scenes...better we don't know.
I would expect a major false flag event perhaps in South Korea. Hopefully not on the Chinese parade where 50 heads of states will be including Putin. That would cause a world war; I pray not.
I lost count of how many folks are buying this market on the dip...I hope they all get plowed!!
Actually, you can make money with this kind of intervention & intraday volatility. Using calls (i.e SPX NOV 198 as an example) in the morning on sharp declines like today and selling the last 3 minutes as the plunge protection has done its job and hitting the accelerator hard at the end. Trend down on the SPX as the overall trend continues downward. For example, if the SPX shoots down to say 189, the SPX OCT/NOV 195C & sell when the PPT maxes out around 2pm or at end of the day and capture the profit on the calls) That assumes your brokerage site is working during the last 3-4 minutes, which has been a problem. (i.e Scottrade & TD Ameritrade). In the meantime; on the few upward days; good buying opportunity for Nov, Dec & Jan SPX puts in the $3-$5 range. AAPl works in similar manner. Just my opinion and observation, but you are correct; to be buying in hopes for some real upward traction right now; unlikely.
It is obvious this markets wants to bust loose on the downside and the PPT is trying to allow for the more gradual, but the momentum is not letting up on the downside; this gets very ugly within the next 10 days or less. I see some more unusual false flags like some more explosions; maybe South Korea...we will see. Lord help all of us.
The PPT didn't get off the golf course today until 4:30...
Actually, they were out early and often; otherwise the DJIA would likely have been down 1500-2500 points. At 9:48am there was a huge push upward that was not repeated the rest of the day. The same was true with the S&P, & NASDAQ.
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I t looks to me the PPT was working overnight to make sure we come out of the gate upward and end a little up to a little down, which is near flat. If they can get it up more than 1%; it will have to be a very large push during the last 3 minutes of trading. We will have to just watch.
I'll believe it, when I see it.
The big problem with using technical analysis in a manipulated market is that the financial sociopaths have access to how you're betting, then they bet against you and front-run you. Kinda like playing poker on a glass table with video monitors underneath, and we don't get to see the entire picture; they do.
The big problem with using technical analysis in a manipulated market is that the financial sociopaths have access to how you're betting, then they bet against you and front-run you. Kinda like playing poker on a glass table with video monitors underneath, and we don't get to see the entire picture; they do.
Go long on Lapua - 8.60x70mm
Invest only in the highest level of bailed, big bonus and corrupt un-justly un-busted executives.
Jamie Dimon earns you the coveted white feather.
Maybe out west.
In the east, a round like that is much less versatile because of the uneven terrain and short ranges that prevail.
...on a side note.. and totally OT
Jim Cramer advertising on ZH?
Really?
That's like a chicken appearing in a wolf den for dinner.
You will hear a lot of zio hate here, but a shekel advertising is a buck in the pocket
This explains that there is not much new under the sun according to Jesus. This is a history lesson that pertains to today and also an exposition of a very small part of Scripture. Anyone, Christian or otherwise will reap a benefit through knowledge of how it was then and how not much has changed.
Religion and Its Victimshttp://www.gty.org/resources/sermons/41-65/religion-and-its-victims?Term...
Good message. GB, jojojo
Au lower? Good, I shall aquire.
It seems just like yesterday - when Obama was being interviewed by noted journalist Mark Maron where the President could not restrain himself from bragging on his rescuing the stock market as well as the economy.
June 25 2015 from Business Insider
"President Barack Obama says he saved the American economy ... and its stock market. Obama did a victory lap on comedian Marc Maron's podcast, WTF, earlier this week, and he said people's lives are better today than they were four years ago, which is ultimately the goal of any presidency."
In a real market that hight TRIN would signal at least a short term low.... In the " WTF Market " who knows WFT it means.
This all started in spring of 2000 the Jupiter/Saturn conjunction in Taurus, the last in the earth signs and in the sign of money. That is when the dot.com crashed, so also we had the housing bubble peak and crash at the opening square, the crash in 2010 at the opposition, closing square right now and we have stock market bubble and crash. This will finally end in 2020 when Jupiter and Saturn are conjunct again and this time in an air sign of Aquarius. Pluto also enters Aquarius to usher in the global age, the global system, the global economy, the global currency, the global bank.
That is a whole new financial system that is global. Wave bye bye to the FED, it was linked with the original May 2000 conjunction.
But hey, the FED has blown all these bubbles that burst.
Those damn panic switches are always short-circuiting, I'm sure it's nothing, but y'know the alarm company sends the car around anyway and we get charged $100 every time it goes off.
I'm not putting much into this one. I left it off the July sector overviews I did as it hadn't really spiked enough. And the calculations are now being based on almost 100% fiction right now anyway.
I'm confident the LEI leading sectors have pointed to where things were and are headed well enough. One major company in particular I noted earlier was a front runner of all this roughly 18 months ago. And since their particular design to delivery cycle for sales is about 1 year even previous poor business operating decisions causing some of that downturn don't explain the current condition. It is the all is not well economy. They've been able to hold some numbers together even with some major contraction and very big drop in stock price in the same period. I would mostly attribute the good to being a fairly well run and structured large company. But they won't be able to hold the good parts together too long. At best I see they've stabilized them. I'm sure by next spring they'll see the full negative effects taking hold.
This shouldn't give enough away to ID them but I'll be somewhat vague just to be safe. They do a lot of varied currency related activity since they are a globally operating company. This could really nail them if they aren't careful as the currency wars continue. If they took both an economic depression and currency hit simultaneously that would result in a complete disaster.
Well we where at +200 when I got home from work now at +60, still see red everywhere. Interesting days ahead...
I was one of those dip buyers.
OT, or not based on how we obtain our net info:
"Wikipedia has taken action against what it described as the “co-ordinated group” of fraudsters by blocking 381 accounts. An investigation had found that the accounts were controlled by Wikipedia users offering to change articles about companies and private individuals in exchange for payment."