--The question is whether rates are ready to "continue to normalize"; and whether that process will proceed rapidly--or with headspinning rapidity. I see these as the only two options, based on the assumption that 'normalize' and 'inevitable' are synonyms.
Dr. Copper's opinion of the whole situation is that it is quite comfortable to be selling at about the same price per unit as it was last November, with said price sitting right on its 50day MA. $COPPER is on a weak momo buy signal.
None of this portends econo-weakness. Neither does the recent strength in the Aussie dollar, which tends to mirror Asian econo-strength.
Al_Dente wrote:AD
Bear bias is still strong enough to support a triple digit down day, BUT ONLY IF IT CONTINUES STRONG
NY advancing stocks = 0.48 x declining stocks
NY advancing volume = 0.52 x declining volume NY declining stocks = 2.0 x advancing stocks
NY declining volume = 1.9 x advancing volume
NY declining stocks = 2.2 x advancing stocks
NY declining volume = 2.0 x advancing volume
bears suck
NY declining stocks = 1.5 x advancing stocks
NY declining volume = 1.2 x advancing volume
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
And finally, perhaps most ominously of all, the flow during those last 30 minutes has turned drastically more bearish in the last few weeks... diverging very negatively from the manufactured price action of the underlying index....
Al_Dente wrote:…..
bears suck
NY declining stocks = 1.5 x advancing stocks
NY declining volume = 1.2 x advancing volume
maybe need to wait for the last 30mins..
fehro wrote:And finally, perhaps most ominously of all, the flow during those last 30 minutes has turned drastically more bearish in the last few weeks... diverging very negatively from the manufactured price action of the underlying index....
VIX, Copper, Oil are all the same in that there is actual use and a market but at the same time there is massive speculation and manipulation. Makes for an interesting dynamic right out of game theory. When is VIX telling the truth about markets and when is it lying (false directions due to rampant speculation).
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