Friday, April 29, 2016

April's Fools: All Signs Point To Third Wave Down

Everything peaked and rolled over this week. 




The Bank of Japan capitulated this week as the currency went into full RISK OFF mode. There is now a colossal divergence between carry trade risk and stocks...



Yen / Yuan
We can safely assume that shit's breaking in China right now...



WTIC WTF?
I'll take this as a blow-off top in oil...



Not withstanding blow-off tops in Facebook and Amazon, Nasdaq is leading the way down...



Price momentum has rolled over...




Breadth momentum has rolled over...



Money (out)flow:



Price / Volume:


Put option volume "Complacency"


Wall Street (brokers/dealers) got whacked this week...


European Stoxx, back at the neckline...


Volatility was bid into the end of the week...