Which is the worse reason for authorities to offer on the catalyst of the Flash Crash - a decent-sized Mutual fund puts in a larger-than-average sell order, a one-man-band in London manages to 'spoof' the US equity market into a crash, or the entire farcical market being driven by machines and nothing more... RIGGED!!!!
If they're arresting people for manipulating the stock market, these 4 need to move somewhere with no US extradition. pic.twitter.com/HbDEsSLZ7V [8]
— Rudolf E. Havenstein (@RudyHavenstein) April 21, 2015 [9]
Yesterday Trannies loved higher oil prices, today they love lower oil prices...
[10]
Thanks to overnight hope, cash indices all opened gap up, Nasdaq spiked on Biotech deal then went nowhere, Dow/S&P dropped...
[11]
Most notable today was the break in Nasdaq vs Dow and S&P that started as the US equity opened...
[12]
Since Friday, Trannies are the big winners and Dow the relative loser...
[13]
Energy stocks now well into the red on the week as Financiala and Materials limp lower...
[14]
Just as an FYI - this whole ramp off the 100DMA was a big stop-run to last week's highs...
[15]
VIX continues its manic-depressive behavior...
[16]
Treasury yields rose from pre-open lows leaving 30Y up 6bps since Friday...
[17]
Rates started to move higher as the USD started to sell off...
[18]
Commodities were mixed with PMs up (gold above $1200) and crude and copper lower...
[19]
Copper continues its post-RRR-Cut slump...
[20]
As Crude dumped into settlement on Yemen headlines, bouncing off yesterday lows...
[21]
Which reminds us... here is the correlation between the market and crude (intraday) this year...
[22]
Charts: Bloomberg