Tuesday, June 24, 2014

Market Update-Very Odd, Weak Character

The Short Squeezes are getting weaker and weaker and as mentioned in the last update, the VIX barely moved, nor did TICK for a SS.

I'm looking around a lot as there are so many assets that are looking very interesting, but it feels like a very fast moving market, just take a look at how quickly a normally 4-6 hour short squeeze has faded off.

This is the MSI vs Russell 3000 intraday, you can see the Short Squeeze has faded already, but not only here, it was fading way before.


 Intraday QQQ 1 min

QQQ intraday 2 min view

QQQ intraday 3 min is pretty extreme already

As for the SPY, as I said, no confirmation, but zoom to intraday view...

SPY 1 min

The 3 min never even moved.

IWM 1 min intraday view

IWM 2 min intraday view.

This is the VXX, it barely moved, it didn't make a new low, it barely broke below yesterday's close.

As for UVXY 92x long VXX), look at 3C shoot up, the yellow arrow is yesterday's close, it barely pierced it.

As for the VIX, again, it barely moved.

TICK ...
Most short squeezes easily hit +1500, we are barely above a normal day at +1000

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