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Nasdaq Surges To Most Overbought In A Year As 'Greed' Nears 2015 Peak

Tyler Durden's picture




 

The last time The Nasdaq was this overbought, the index peaked and dropped 7% in the next week. With 'Greed' near 2015 highs, perhaps the decoupling of VIX from stocks suggests many have similar ideas of hedging these exuberant gains.

 

The Nasdaq is the most overbought since November 2014...

 

With Greed at 2015 highs...

 

It appears hedging is ramping up...

 

As the correlation algos once again take hold of stocks...

 

Charts: Bloomberg

 

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Tue, 11/03/2015 - 12:08 | 6744063 Hype Alert
Hype Alert's picture

Wait, they just said everybody was bearish!

Tue, 11/03/2015 - 12:15 | 6744070 Hitlery_4_Dictator
Hitlery_4_Dictator's picture

Face it, they got it all figured out, there is no need for these silly articles anymore. BTW, G&S are finished, new lows coming, new highs in stocks....better get on board or you will be poor and angry

Tue, 11/03/2015 - 12:16 | 6744097 Dr. Engali
Dr. Engali's picture

Without these silly articles how would we comment? We need to have something to click and pass our time with.

Tue, 11/03/2015 - 12:41 | 6744206 Kaiser Sousa
Kaiser Sousa's picture

Gold and Silver finished???

how???

oh well, guess im finished....

Tue, 11/03/2015 - 13:15 | 6744382 Never One Roach
Never One Roach's picture

Is this " Liftoff? "

Tue, 11/03/2015 - 12:53 | 6744262 spastic_colon
spastic_colon's picture

this could be a long shot but many local elections going on today......TPTB must keep up appearances, i mean favors.

Tue, 11/03/2015 - 12:08 | 6744064 I am more equal...
I am more equal than others's picture

Greed is good according to Gordon Gecko.

Tue, 11/03/2015 - 12:17 | 6744104 venturen
venturen's picture

Greed is good....lawlessness isn't

Tue, 11/03/2015 - 12:09 | 6744066 Dr. Engali
Dr. Engali's picture

It's not enough! I want moar!

Tue, 11/03/2015 - 13:17 | 6744392 Never One Roach
Never One Roach's picture

E.Coli Outbreak Leads Chipotle to Close 43 Locations

 

http://news.yahoo.com/e-coli-outbreak-leads-chipotle-195401222.html

 

 

Moar green shoots, evidently.

 

Tue, 11/03/2015 - 12:11 | 6744075 CoolidgeLives
CoolidgeLives's picture

Should have bought that dip...

Tue, 11/03/2015 - 12:11 | 6744077 somebody poison...
somebody poisoned the water hole's picture

Its the only game in town

Tue, 11/03/2015 - 12:13 | 6744082 Trips Trading
Trips Trading's picture

I'm short since yesterday, 15 minutes befoe the close a SELL was activated. 15 minutes before the close today I will update the signal, every day, YTD return 41%, no leverage, click here: 

http://tripstrading.com/tradealertsp500/

http://tripstrading.com/active-sp500/

Tue, 11/03/2015 - 12:17 | 6744100 venturen
venturen's picture

Did you get a private talk with Yellen? Did you get an Goldman Insider tip? Otherwise you are toast!

Tue, 11/03/2015 - 13:11 | 6744313 Fish Gone Bad
Fish Gone Bad's picture

Short at 2100 on SP500?  I hate to point this out, but the McClellen jumped straight up yesterday, not a good time to be short the SP500.  As of this writing, the SP500 is at 2108, so you are not headed in the right direction.

Tue, 11/03/2015 - 12:16 | 6744095 venturen
venturen's picture

please I need to hear that the FED is going to raise rates as things are good and the market tanks....I can't live without the theater of the absurd that the crooked FED and Wall Street have become. Bruce Jenner for FED Chairman!

Tue, 11/03/2015 - 12:18 | 6744114 PeeramidIdeologies
PeeramidIdeologies's picture

You guys know all greed don't you? You conniving pieces of shit.

Seriously fuck you zerohedge, I stuck my neck out for you assholes and this is how you return the favour eh?

You guys and all your little cronies are fucking pathetic

Tue, 11/03/2015 - 12:26 | 6744145 Tom Servo
Tom Servo's picture

and who are you again?

 

Tue, 11/03/2015 - 12:51 | 6744249 Bioscale
Bioscale's picture

Lost chance

Tue, 11/03/2015 - 13:06 | 6744335 Fish Gone Bad
Fish Gone Bad's picture

Pure comedy!!!  I can see the coffee table conversation now, "Fucking Cramer killed me by blindly following his advice.  Now the guys at Zero Hedge are fucking me over as well. <<cries a lot, then drinks cheap vodka>>.  I am giving you a +1.

Tue, 11/03/2015 - 13:50 | 6744555 PeeramidIdeologies
PeeramidIdeologies's picture

You ignorant fucks no nothing about this. But run your fucking mouths have a good laugh while hiding behind your key boards. That how is is done around here isn't Tyler's?

Fucking quivering invertebrates I'd be hiding on the internet too if I had pulled some shit like this.

Hope I see ya around

Tue, 11/03/2015 - 12:24 | 6744137 Thisisbullishright
Thisisbullishright's picture

Gread is good!

- Gordon Gekko

Tue, 11/03/2015 - 12:50 | 6744245 NoDebt
NoDebt's picture

I don't want to be "that guy" but.... spelling?

Tue, 11/03/2015 - 12:28 | 6744150 pebblewriter
pebblewriter's picture

Another day of algo-fueled prop jobs...  USDJPY and CL are up huge.  CL's up 3.24% since 3am - the equivalent of 68 SPX points.

http://pebblewriter.com/beware-the-bat/

 

Tue, 11/03/2015 - 14:17 | 6744683 pebblewriter
pebblewriter's picture

Correction.  CL now up 4.7% since 3AM -- the equivalent of 100 SPX points and 841 DJIA points.  Algo madness.

Tue, 11/03/2015 - 12:40 | 6744200 scubapro
scubapro's picture

 

 

check out SC,  santander finance, a subprime auto lender...90 day autolates  have ticked up (july most recent data) near 2009 levels.  SC beat estimates and now lost 25% of its mkt cap in 3 days.     something may be up

Tue, 11/03/2015 - 14:13 | 6744662 PlayMoney
PlayMoney's picture

Santandar american version that failed its stress test this year. Then next day packaged about 70 mil of those subprime auto turds and it sold in hours.

Tue, 11/03/2015 - 12:46 | 6744230 Thisisbullishright
Thisisbullishright's picture

Record-er-er-er-er??

 

Tue, 11/03/2015 - 13:08 | 6744350 Fish Gone Bad
Fish Gone Bad's picture

Its not even done yet, so maybe, Recorder-est?

Tue, 11/03/2015 - 15:00 | 6744890 Johnny Horscaulk
Johnny Horscaulk's picture

Apple Inc.
NASDAQ: AAPL - Nov 3 2:00 PM EST
123.17Price increase1.99 (1.64%)

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