EMOTION MOVING MARKETS NOW: 11/100 EXTREME FEAR
PREVIOUS CLOSE: 14/100 EXTREME FEAR
ONE WEEK AGO: 10/100 EXTREME FEAR
ONE MONTH AGO: 36/100 FEAR
ONE YEAR AGO: 32/100 FEAR
Put and Call Options: EXTREME FEAR During the last five trading days, volume in put options has lagged volume in call options by 27.71% as investors make bullish bets in their portfolios. However, this is still among the highest levels of put buying seen during the last two years, indicating extreme fear on the part of investors.
Market Volatility: NEUTRAL The CBOE Volatility Index (VIX) is at 15.25. This is a neutral reading and indicates that market risks appear low.
Stock Price Strength: EXTREME FEAR The number of stocks hitting 52-week lows is slightly greater than the number hitting highs and is at the lower end of its range, indicating extreme fear.
PIVOT POINTS & SUPPORT AND RESISTANCE LEVELS [28]
EURUSD [29] | GBPUSD [30] | USDJPY [31] | USDCAD [32] | AUDUSD [33] | EURJPY [34] | EURCHF [35] | EURGBP [36]| GBPJPY [37] | NZDUSD [38] | USDCHF [39] | EURAUD [40] | AUDJPY
[41]
S&P 500 (ES) [42] | NASDAQ 100 (NQ) [43] | DOW 30 (YM) [44] | RUSSELL 2000 (TF) [45]| Euro (6E) [46] |Pound (6B) [47]
EUROSTOXX 50 (FESX) [48] | DAX 30 (FDAX) [49] | BOBL (FGBM) [50] | SCHATZ (FGBS) [51] | BUND (FGBL) [52]
CRUDE OIL (CL) [53] | GOLD (GC) [54]
MEME OF THE DAY – IT’S THE JERKS [55]
UNUSUAL ACTIVITY
IDTI Vol weakness SEP 19 PUT ACTIVITY @$1.25 on offer 4500+ Contracts
SLB SEP 80 PUT ACTIVITY @$1.31 on offer 4000+ Contracts
PYPL SEP WEEKLY4 PUTS on the BID @$1.35 3700 Contracts
SPLS DEC 15 CALLS on the OFFER @$.90-.95 6000 Contracts
SEMI - CEO Purchased $300k+ total
AVHI Director Purchase 1,920 @$ 13.9989 Purchase 1,280 @$13.99
HEADLINES
Fed Minutes: Conditions for rate hike approaching hike, but not there yet
Fed's Bullard says he Will argue for September liftoff
Fed's Kocherlakota: Raising rates now would be a mistake
US CPI (MoM) Jul: 0.10% (est 0.20%; prev 0.30%)
US CPI (YoY) Jul: 0.20% (est 0.20%; prev 0.10%)
US CPI Core (MoM) Jul: 0.10% (est 0.20%; prev 0.20%)
US CPI Core (YoY) Jul: 1.80% (est 1.80%; prev 1.80%)
US Real Avg Weekly Earnings (YoY) Jul: 2.20% (prev 1.80%)
US MBA Mortgage Applications (14 Aug): 3.60% (prev 0.10%)
US DOE Crude Inventories (WoW) Aug-14: 2.62m (est -820K; prev -1682K)
WTI futures settle 4.3% lower at $40.80/barrel
ESM: Greece to receive EUR 13bln disbursement on Thursday
ESM: Greek debt relief to be considered in Oct-Nov
GOVERNMENTS/CENTRAL BANKS
Fed Minutes: 'Approaching' hike, not there yet --CNBC [57]
Hilsenrath: Fed's Signals Mixed on Rate Increase at September Meeting --WSJ [58]
Fed's Bullard says he Will argue for September liftoff --MNI [59]
Fed's Kocherlakota: Raising rates now would be a mistake --WSJ Op-Ed [60]
Fed RRP (19 Aug): 31 bidders. $84.4bn (prev 34 bidders, $88.1bn) [61]
PBOC's Zhou urges 'capital restraint' over three policy banks --Caijing bia BBG [61]
IMF: China won't join SDR till Sept 2016 at earliest --FT [62]
ECB: EZ excess liquidity rose to E472.92bn (prev E471.54bn) --Livesquawk [61]
ECB: E781m borrowed using overnight loan facility, E156.8bn deposited --Livesquawk [61]
Dutch defeats no-confidence motion in parliament --Rtrs [63]
Ex-BoE Miles: Rates will rise pretty soon --BBC [64]
GREECE
ESM: Greece to receive EUR 13bln disbursement tomorrow, --Livesquawk [61]
ESM: Greek debt relief to be considered in Oct-Nov --Livesquawk [61]
EG's Dijsselbloem: IMF, euro zone can agree on Greek debt [65]
Greek bailout moves ahead after German parliament backs programme --BBG [66]
German FinMin Schaeuble rules out debt haircut for Greece --Rtrs [67]
Schaeuble: IMF will join Greek deal if conditions met --ForexLive [68]
Fitch Upgrades 2 Greek Banks' State-Guaranteed Debt To 'CCC' On Sovereign Upgrade [69]
GEOPOLITICS
OSCE not prepared to work in Gorlovka under fire [70]
Poroshenko to discuss Ukraine situation with Hollande and Angela --Armenpress [71]
Merkel calls summit over rising violence in Ukraine --FT [72]
Reports of gunfire near Dolmabahce Palace in Istanbul --ForexLive [73]
UN to let Iran inspect alleged nuke work site --AP [74]
Iran boosting strategic defense production --PressTV [75]
FIXED INCOME
U.S. Government Bonds Strengthen After Fed Minutes --WSJ [76]
Norway SWF posts first decline in three years on bonds --BBG [77]
Iraq courts investors before international debt sale --FT [78]
Glencore bonds slump on poor earnings --IFR [79]
FX
USD: Dollar dips after Fed minutes --FT [80]
CNY: IMF says China won't join SDR till Sept 2016 at earliest --FT [62]
COMMODITY FX: Oil currencies under fire as WTI tumbles --FT [81]
TRY: Turkish lira hits fresh record low --FT [82]
ENERGY/COMMODITIES
WTI futures settle 4.3% lower at $40.80/barrel --Livesquawk [61]
Brent futures settle 3.4% lower at $47.16/barrel --Livesquawk [61]
DOE US Crude Oil Inventory Change (WoW) Aug-14: 2620k (est -820K; prev -1682K) [83]
DOE US Distillate Inventory Change (WoW) Aug-14: 594K (est 1500K; prev 2994K) [83]
DOE Cushing OK Crude Inventory Change (WoW) Aug-14: 326K (est 505K; prev -51K) [83]
DOE US Gasoline Inventory Change (WoW) Aug-14: -2708K (est -1250K; prev -1251K) [83]
DOE US Refinery Utilization (WoW) Aug-14: -1.00% (est -0.50%; prev 0.00%) [83]
CRUDE: Oil down on surprise inventory build --ForexLive [83]
CRUDE: EIA cuts WTI forecast for 2015, 2016 --FT [84]
EQUITIES
EARNINGS: Glencore profits hit by oil and metal price slowdown --BBC [85]
EARNINGS: Target raises 2015 earnings forecast for second time --Rtrs [86]
EARNINGS: Staples reports profit decline as sales slide --MW [87]
EARNINGS: Lowe's earnings miss estimates --CNBC [88]
M&A: AbbVie buys special review voucher for $350m --Rtrs [89]
SALES UPDATE: Imperial Tobacco upbeat despite falling volumes --FT [90]
TRADING: Short sellers target European luxury stocks --FT [91]
JV: India's Tata to invest almost $100m in Uber --FT [92]
F&B: Carlsberg shareholders drown sorrows after warning --FT [93]
F&B: Coke takes minority stake in organic juice maker Suja --CNBC [94]
LEGAL: Citi to Pay $15m to Settle US Compliance Charges --FBN [95]
Toyota to seek price cuts from suppliers --Nikkei via BBG [61]
EMERGING MARKETS
FLOW: Investors pulled near $1trln from EMs --CNBC [97]
CHINA: China stocks rebound, but who is buying? [98]

