02/13/2018 Live Update

[Al_Dente]

According to .............

so the greatest pain occurs with a lower than expected cpi
if within range of expectations, record shorts in 10yr futures will likely cover a bit, seems slightly bullish for equities tomorrow

CPI and retail sales report before the open tomorrow 8:30 am ET

[Daniel]

XLY:XLP (short-term) is approaching last Wed's high. (A rough measure of "risk on").

[Daniel]

QQQ trying to stay grn

[Trades with cats]

New shorts or trapped dip buyers getting out.

[JFR]

Yes. QQQ filled the overnight gap. As did the associated future, NQ. YM and ES following along. ES not there, as of yet. If one fills, there is no guarantee another will fill.

[Daniel]

IWM gap fill.
EEM, FXI hod

[fehro]

Key time again.. /ES yellow.. stall and fail look to lower levels.. over it look to 2676?ish

[Daniel]

RVX has been quietly surging since an opening dip, now back near the HOD...

Update: TLT selling off a bit here, dropping from near hod... this perhaps is why XLF and KRE just hit their HOD.

[Al_Dente]

“I'm shocked, shocked to find that gambling is going on in here!” [Captain Renault]

"Rampant Manipulation Of VIX"
Bloomberg reports a whistleblower has come forward telling U.S. regulators that a scheme to manipulate the VIX costs investors hundreds of millions of dollars a month.
CBOE swiftly denied it
Full Whistleblower Letter To Regulators here:
https://www.zerohedge.com/news/2018-02- ... lation-vix

[Daniel]

Full Whistleblower Letter To Regulators here:
https://www.zerohedge.com/news/2018-02- ... lation-vix

Yest. (an overall UP day) Courtesy of the RevShark shop..

$3billion market on close for sale. That's a big MOC-to-sell. Just routine selling, right? It feels like they are still screwing around with the volatility trades.

[fehro]

To put last week's non-recession (allegedly) correction in perspective, Deutsche notes that (1) 3-5% selloffs as normal, occurring on average every 2-3 months. Given the emphasis in the market narrative on rates in driving the equity selloff, the taper tantrum saw only a modestly bigger than normal 6% very short-lived sell off; however (2) "10% corrections are rare."

Outside of recessions, when the unemployment rate is falling, there have only been 15 such selloffs since 1950, i.e., in the last 67 years, or 1 every 4.5 years on average.



https://www.zerohedge.com/news/2018-02-13/nixon-shock-ltcm-china-devaluation-how-rare-10-market-corrections-are

[Al_Dente]

~one hour ago
Powell gets sworn in and spoke for a moment
said the Fed would “preserve the essential gains in financial regulation while seeking to ensure that our policies are as efficient as possible. We will remain alert to any developing risks to financial stability.”
https://www.reuters.com/article/us-usa- ... SKCN1FX1YO

[Al_Dente]

Powell's prepared remarks here:
https://www.federalreserve.gov/newseven ... 80213a.htm

[Daniel]

RVX has been quietly surging since an opening dip, now back near the HOD...

Update: Still true. Steady upward creep continues--and now VXN is coming up off the lows.

[Al_Dente]

Full Whistleblower Letter To Regulators here:
https://www.zerohedge.com/news/2018-02- ... lation-vix

Yest. (an overall UP day) Courtesy of the RevShark shop..
$3billion market on close for sale. That's a big MOC-to-sell. Just routine selling, right? It feels like they are still screwing around with the volatility trades.

Boss: what is RevShark?
can u link please
thanks

[Cobra]

members only update at 12:00 pm
http://www.cobrasmarketview.com/2018/02 ... ay-update/

[brokebybernacke2]

Powell's prepared remarks here:
https://www.federalreserve.gov/newseven ... 80213a.htm

Jerome ,Janet, Potatoe, Potato - he' s got our backs!!

[Al_Dente]

AD started out today as bear cub; now nobody dominates; chop; it’s anybody’s game
NYAD is red BUT SLOPE IS UP

[Al_Dente]

Powell's prepared remarks here:
https://www.federalreserve.gov/newseven ... 80213a.htm

Jerome ,Janet, Potatoe, Potato - he' s got our backs!!

[Trades with cats]

This market is locked down tight. Can't believe the GAP is still open.

Must say with all the hype CPI is getting as much attention as payrolls, I suppose because it is a window into the Feds thinking.