Friday, September 30, 2016

2008 Deja Vu: Short Covering Ahead of No Bid Market

Who will buy Deutsche Bank next week, Angela Merkel?

ZH: Sept. 30, 2016:


Shorts are covering on news of a pending Deutsche Bank settlement with the DOJ. Because bad news is good news once again...

DB is up 14% on hourly volume that is 1700% the 90 day average...

The stock is back to where it was last Friday. Today's half day volume already equals yesterday's full day mega-volume:




Oil short-covering due to OPEC circle jerk:



Small cap short-covering

S&P / R2K ratio:




Skynet: Must...save...the...quarter...





Nasdaq 100 New highs



S&P % of stocks above 50 dma





Prechter needs to show up for work one of these days...