Jump to content

Sign in to follow this  
News Feeds

Double VIX Flash-Crash & Oil Spike Sends Stocks Above Key Resistance

Recommended Posts

As one smart CNBC chap argued "you've been paid to optimistic"...

 

 

 

 

But then again "ignorance is bliss"...

 

20161018_edcon1_1.jpg

 

 

 

Stocks rallied today.. because... oil...

 

20161019_EOD2_0.jpg

 

 

 

As WTI Crude surged to a 15-month high today...

 

20161019_EOD1_0.jpg

 

 

 

Just one question... what happens next?

 

20161019_oilanalog_1_0.jpg

 

 

 

Trannies and Small Caps were best as Nasdaq limped along unch hurt by Intel...

 

20161019_EOD11_0.jpg

 

 

 

Something odd of note - 6 days in a row with a weak close and notice last 3 days a VIX push has not helped (some chatter about index ETF rebalancing questions on desks)

 

20161019_EOD12_0.jpg

 

 

 

As "Most Shorted" stocks squeezed higher for the second day...

 

20161019_EOD3_0.jpg

 

 

 

Two notable mini-flash-crashes in VIX today (and a broken market) got the S&P back above its 100DMA (2142)

 

20161019_EOD6_0.jpg

 

The Dow also broke above its 100DMA (18,207)

 

 

 

The big news in bond land was the large Saudi issuance...

 

  • *SAUDI ARABIA PRICES $17.5B BOND: 5Y +135, 10Y +165, 30Y +210

 

But it appears there was little rotation our of Treasuries or rate locks ahead of this...

 

20161019_EOD10_0.jpg

 

 

 

The USD Index managed to eke out a small gain (as AUD and CAD saw yuuge volatility intraday)

 

20161019_EOD9_0.jpg

 

 

 

CAD swung around on oil's pump and dump and BoC's comments...

 

20161019_EOD8_0.jpg

 

 

 

Gold and Silver gained despite some USD strength, Copper was flat and Crude pumped-n-dumped...

 

20161019_EOD5_0.jpg

 

 

 

WTI broke above recent highs to 15 month highs but appears to have run stops and faded...

 

20161019_EOD7_0.jpg

 

 

 

Gold rose for the 3rd day in a row (first time in 6 weeks) testing back above its 200DMA ($1272)

 

20161019_EOD4_0.jpg

 

 

 

Charts: Bloomberg

 

20161019_EOD.jpg?1476906624

ZMN9NG4pXL4

 

Continue reading...

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

×

Important Information

Your Privacy Is Important To Us Learn More: Privacy Policy