S&P, Dow Hit Record Highs, Nasdaq Lags As VIX Tumbles Near 9 Handle

Why not...

The Dow is up 1.5% since the Thursday close before the FANG Crash (with both S&P and Dow at new record highs this morning), but Nasdaq contonues to lag...

 

Hovering at flash-crash ledge levels for now... (with VIX tumbling towards a 9 handle once again)

 

FANG stocks are up led by AMZN at new record highs...

NFLX continues to lag...

And as AMZN and WFM continue higher so Retailers and REITs are extending losses...

Comments

jmack Overleveraged_… Mon, 06/19/2017 - 10:29 Permalink

LOL, vix nine handle dude, you really think it is going to an 8 handle?  how about a 5 handle?  Face it, they are getting diminishing returns from crushing the vix because the trade is too crowded.        What do you think is going to happen when a us jet gets shot down in syria, or do you think that cnn isnt going to harp on all the body bags about to come back from afghanistan as that heats back up?  Do you think the fed is not going to clear balance sheet in sept/dec?      Have fun holding that bag.  If you havent made your long money yet this year, you are too little, too late.  Wait til nov 1st and reassess.

In reply to by Overleveraged_…

mily jmack Mon, 06/19/2017 - 11:18 Permalink

I would not quite call it diminishing returns, many trade ideas around shorting vol but the main theme has been selling front month vix future contract which goes to spot, so if VIX spot is at this level(~10) it is still very profitable trade due to steep contango:vixcentral.com to see vix futures curveandfront month continuous contract  It's become so over-crowded trade that could blow up any minute, rate of change of the vix can increase instantly - some of the vol short sellers might have not time close / cover, and this is just short vix futures trade, what about all the vix index call & vix etf call sellers that would need to cover via being long vix futures or sell s&p &co indexes   

In reply to by jmack

numapepi Mon, 06/19/2017 - 10:19 Permalink

US Russia relations continue to sink.... Van rams people in London... Nothing says BTF like the world melting down. In this environment, investors should hope for a limited nuclear exchange... the stock market would burn higher!

sbenard Mon, 06/19/2017 - 10:25 Permalink

It's a good thing the US is debt-free, or with these new all-time record highs in stocks, we might think this was another bubble -- even a bigger one than the last! 

Jason T Mon, 06/19/2017 - 10:26 Permalink

The market is like O'Reilly all pissed off.. Fuck it, we'll take it to new highs!  I'll buy it and we'll take it to new highs!!!  Fucking market it SUCKS.

decentraliseds… (not verified) Mon, 06/19/2017 - 10:29 Permalink

 Why waste time on this alligator when the swamp’s most critical economic and political problems revolve around the hegemony of a global corporate cartel, which is headquartered in the US because this is where their dominant military force resides. The US Constitution is therefore the “kingpin” of an all-inclusive global financial empire. These fictitious entities now own the USA and command its military infrastructure by virtue of the Federal Reserve Corporation, regulatory capture, MSM propaganda, and congressional lobbying. The Founders had to fight a bloody Revolutionary War to win our right to incorporate as a nation – the USA. But then, for whatever reason, our Founders granted the greediest businessmen among them unrestricted corporate charters with enough potential capital & power to compete with the individual states, smaller sovereign nations, and eventually to buy out the USA itself. The only way The People can regain our sovereignty as a constitutional republic now is to severely curtail the privileges of any corporation doing business here. To remain sovereign we have to stop granting corporate charters to just any “suit” that comes along without fulfilling a defined social value in return. The "Divine Right Of Kings” should not apply to fictitious entities just because they are “Too Big To Fail”. We can't afford to privatize our Treasury to transnational banks anymore. Government must be held responsible only to the electorate, not fictitious entities; and banks must be held responsible to the government if we are ever to restore sanity, much less prosperity, to the world. It was a loophole in our Constitution that allowed corporate charters to be so easily obtained that a swamp of corruption inevitably flooded our entire economic system. It is a swamp that can't be drained at this point because the Constitution doesn’t provide a drain. This 28th amendment is intended to install that drain so Congress can pull the plug ASAP. As a matter of political practicality we must rely on the Article 5 option to do this, for which the electorate will need overwhelming consensus beforehand. Seriously; an Article 5 Constitutional Convention is rapidly becoming our only sensible option. This is what I think it will take to save the world; and nobody gets hurt: 28th Amendment: Corporations are not persons in any sense of the word and shall be granted only those rights and privileges that Congress deems necessary for the well-being of the People. Congress shall provide legislation defining the terms and conditions of corporate charters according to their purpose; which shall include, but are not limited to: 1, prohibitions against any corporation; a, owning another corporation; b, becoming economically indispensable or monopolistic; or c, otherwise distorting the general economy; 2, prohibitions against any form of interference in the affairs of; a, government, b, education, c, news media; or d, healthcare, and 3, provisions for; a, the auditing of standardized, current, and transparent account books; b, the establishment of state and municipal banking; and c, civil and criminal penalties to be suffered by corporate executives for violation of the terms of a corporate charter.    

Erwin643 Mon, 06/19/2017 - 11:38 Permalink

Already out of all my short-volatility stuff (shorting UVXY, TVIX, etc). SVXY is starting to get pretty hi on the weekly RSI chart. Placed limit orders at $160.00. Currently shorting siver.Be careful of UVXY. It's like playing with fire. I would just stay out of it, until it hits it's 20-day EMA, then I'd short it.

Blankfuck Mon, 06/19/2017 - 15:41 Permalink

I know whats worth investing in! NOTHING!  Way too corrupt and when the shit hits the fan it will be a race to the exits again!Zero hedge take note$10000 im offering for anyone with information that brings the fed reserve down along with 4 of the big banks! Wells, Goldman, Bank of America, Citicorp-------serious posting here. The crime? collusion, corruption and stock market manipulation