01/15/2014 Live Update

[joegamma]

paging Dr AL: or any vix mathemeticians: any idea why vix is down XIV is down, VXX is up...seems odd to reverse contango at new market highs today...

VIX and VXX have different sources.

i was wondering if there was a change in premium of front months vs back months, or possibly XIV is canary singing in coalMINE...(early) ....

XIV is often the canary
It’s warming up but not singing yet on the 60min (VIX and RVX and VXN inverted here)
edit: I don't like it that XIV did not make a new high today

1152014volatil 60.png

Thanks Al and Mr Bach!,
not likely a doubletop except nervous for bulls that
momentum, volume and breadth not as strong as last time we were at these levels, but price rules and follows the fed...

[TWT]

$EURUSD: The Zig Zag scenario is bent but not broken yet

[DellGriffith]

spy.PNG

Bubble word.

Capture.PNG

What your image of the detrended price osillators reveals IMO is that the "biggest financial news story" of 2013 was when Bernanke first started talking about tapering in June. The mere mention of it shocked the market into an initial tailspin. Then as people digested the news, we got a relief rally. Things have slowly settled down since then, which has drawn a contracting triangle of sorts on the chart of the oscillator.

You could argue that the next "big news event" is due as that triangle has wound pretty tight now.

I would guess that the "next big news event" financially is the first genuine look at how Yellen operates as Fed chair.

[TWT]

$SPX: Possible s/t scenario

[KeiZai]

GM flag seems to be done here (or very close imo)