"Extremely Greedy" Traders 'Shocked' As Stocks Stumble Most Since Election, Dollar Dumps

Afte exhibiting "Extreme Greed"

 

A down day!!!

 

Sentiment for the day started off strong thanks to OPEC/NOPEC and Saudi comments sparking a buying panic in crude to 17-month highs...

 

But it didn't help China... (worst stock drop in 6 months) after Trump's questioning "One China Policy" and a crackdown on insurers and liquidity...

 

The bond market was never really buying the opening spike in equity futures overnight...

 

And as oil faded back so energy stocks gave up their gains and Financials had their first losing day in 7 days...

 

Goldman stock actually dropped!

 

But Trannies and Small Caps dropped the most on the day with The Dow clinging to new record high gains... (for small caps this is the biggest loss since 11/3)

 

As Breadth fell drastically...

 

VIX ended the day higher...

 

Treasury yields ended the day unchanged - ralying back from overnight weakness...

 

The USD Index fell for the first time in a week led lower by Sterling and Euro strength...

 

With the biggest USD Index drop since September...

 

Copper followed China stocks lower (worst day in 2 weeks) but gold and silver managed small gains (as crude gave back a lot of its initial gains)