Thanks to the miracle of VIX slamming, USDJPY-stop-running, CBOE breaking, US equity market opening, "we're not worried about no stinking Ukraine civil war or Chinese economic collapse", low volume levitation, stocks knee-jerked off early dumping lows to recover comfortably into the green today. Not everything was exuberant though (as Trannies and the Russell 2000 ended red - bouncing once again off its 200DMA). Gold gained almost 1% today (back over $1310) for its best 2-days since January. The USD closed unch (with notable weakness in SEK). USDJPY ranged down below 102 and rammed stops to lead the charge higher in stocks (even with Japan closed for 2 days). Stocks tracked JPY but benefitted from a dead-cat-bounce in Treasury yields. VIX closed higher on the day (unable to regain the late-slam from Friday). AAPL regains $600 and Biotechs bounced 4.5% - so everything's fixed.
Dump-and-Pump... but didn't save Trannies or Russell 2000
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Seems like some TWTR holders wanted out... but the 4.5% bounce in Biotechs is a little hard to swallow...
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Treasuries and stocks hugged it out all day...
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As 102.00 USDJPy was all that mattered for momo ignition...
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HY Credit didn't play along after Europe closed...
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VIX's late day slam on Friday provided the over zealous dump at the open but didn't wholeheartedly support stocks into the close...
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The only thing that mattered today for commodities was the US open and EU Close...
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Gold has had its best 2 days since January...
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Chart: Bloomberg
Bonus Chart: Mission Accomplished for AAPL
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