themarketear

themarketear

Bouncing on the 200 day moving and the lower part of the trend channel....

themarketear

Russell futures - perfect trend channel intact

themarketear

S&P - bouncing on the 200 day and the lower part of the trend channel

themarketear

JPY - will it close at strongest levels in a while?

themarketear

Long term trend channel remains intact...

themarketear

Equities tried rallying above it but have so far failed. Note how Russell futs trade stuck below the highs of that big candle last Thursday. Similar is to be seen in S&P. Watch the lower part of the channel for support in case we turn lower. Upside, watch recent highs as resistance.

themarketear

people hated puts at recent S&P highs and decided loading up on puts just in time for the bounce.... ...and are now once again selling out those puts... S&P vs put call ratio

themarketear

...the "perfect" trend channel continues holding, but we are approaching important levels in this violent bounce. 200 day moving average slightly higher. Watch the 1470 ish area carefully.

themarketear

Continue watching the JPY vs Spuz relationship.

themarketear

Put hate vanished quickly Put call ratio spiking hard.

themarketear

Everybody forced into chasing "junk" and showing bosses they had "deployed risk" - ugly price action in some of the most squeezed sectors in Europe, banks, autos, travel and leisure...all down 4-4.5% SX7E turned right on the 100 day moving average.

themarketear

"Smart" guys getting squeezed out in all assets - US 10 year managed stopping out the CTA crowd, now yields putting in the biggest move lower in a long time, last at 0.8% The trend is intact...

themarketear

Play close attention when S&P and VIX both move higher Yesterday was one of those days, although not too extreme given we had the weekend effect. Frequent readers of TME know we tilted to buy "optionality" logic last week. There are several arguments to be made for such a long volatility preference, but volatility, use it for hedging or speculation has got cheap,...

themarketear

Eurostoxx 50 futs reversing right on the 200 day average. To buy the dip or not to buy it here?

themarketear

Put hate has been higher once since 2010 - put call ratio in total meltdown

themarketear

Put call ratio collapsing again. It would be poetical if this reversed right now...

themarketear

Bond yesterday had a rate at 0.45%, last bond in 2017 they paid 1.9% when they took over Whole Foods Market and recall Amazon debt in 2009 was considered junk

themarketear

What's next, bitcoin leading NASDAQ even higher?