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Invisible Hands Gaming The VIX?

Here is my two pence worth on this trending topic of whether the recent plunge in the US market was manipulated. https://www.bloomberg.com/news/articles/2018-02-14/billions-in-vix-rigging-profits-a-battered-index-takes-new-hit?cmpid=socialflow-twitter-business&utm_content=business&utm_campaign=socialflow-organic&utm_source=twitter&am...

US Markets Bulls Fight Back

A nice start to the week. Great news for us folks ahead of this weekend's CNY celebrations and holidays.   Futures are at this moment up. So if it holds throughout the day, FBMKLCI should continue to claw back some of last week's losses. The support lines are holding pretty well, so far. The 50% line hasn't been tested ever since last Tuesday ...

Dow Jones Wild Ride

Here is a stat-rep on the technicals after last night's thousand points swoon in the US market. Bloomberg carries an interesting report this morning taking us back down memory lane of past corrections. https://www.bloomberg.com/news/articles/2018-02-08/far-from-unprecedented-nine-routs-like-this-and-nine-rebounds   Followers of Fibonacci lines...

Why the global stock market crash doesn’t really matter

By Jay L. Zagorsky, The Ohio State University Stocks, which only recently were hitting a new record practically every other day, suddenly seem to be in free fall. Or at least on a very wild ride. Global stock markets plunged on Feb. 5, continuing the already precipitous decline from the week before. The Dow Jones industrial average, one of the ...

Yes It Got Uglier

https://www.bloomberg.com/news/live-blog/2018-02-05/u-s-stocks-plunge-heading-into-market-close https://www.cnbc.com/2018/02/05/why-the-stock-market-plunged-today.html  

Monday’s Market Magic Trick – Rising Without the Fed?

This is the most important chart in the World:  It illustrates the $2Tn "taper" that is about to take place and is, in fact, taking place right now and projected to accellerate rapidly into 2019 at which point (gasp!) Central Banks will become net sellers of assets and there is NO WAY that doesn't depress prices, even with a theoretical $2Tn be...

Dollar Rallies(d) Briefly On Trump Statement

Courtesy of Philstockworld What a wild ride the Dollar is having!   Technically, so far, it's just a weak bounce off the (hopefully) floor at 88 but it's been a week of wild trading in US Dollars as first Treasury Secretary Steve Mnuchin talks the Dollar down (see "Record High Wednesday – Diving Dollar Boosts Equity Markets") and then his boss...

The Growing Chorus Of Buy Buy Buy

Here are some more cookies to warm investor hearts plus keep market on even keel. Headline news like the one below inevitably have the desired effect of driving money on the sidelines crazy and ultimately back into the market. Confirmation bias. When you read 'expert' opinions of the market and stocks you should have bought but didn't, suddenly ...

Be Wary Of Those Warning About Market Being Overbought

Courtesy of Joshua M Brown Ari Wald’s new set of charts this weekend leads off with a look at the recent breathtaking advance in S&P 500 momentum, as measured by the RSI (Relative Strength Index) oscillator. Something that has only occurred in 1% of all periods back to the 1930’s is now taking place once again. What are the historical implic...

Monday Market Movement – With No Government, What Will Move Us?

Government shutdown! No one really cares. It sounds like something, but it's nothing. The government was shut down for 2 weeks in 2013 and hardly anyone noticed and, frankly, this Government has been dysfunctional for pretty much all of 2017, so it's not like we're going to miss it. Meanwhile, our President is tweeting from the twilight zone whe...