[1]The last time The Nasdaq was this overbought, the index peaked and dropped 7% in the next week. With 'Greed [3]' 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...
[4]
With Greed at 2015 highs...
[5]
It appears hedging is ramping up...
[6]
As the correlation algos once again take hold of stocks...
[7]
Charts: Bloomberg
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Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/taxonomy_vtn/term/10969
[3] http://money.cnn.com/data/fear-and-greed/
[4] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/11/20151103_rsi1.jpg
[5] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/11/20151103_rsi.jpg
[6] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/11/20151103_rsi2.jpg
[7] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/11/20151103_rsi3.jpg
