I'll bring you the charts, there's one special chart I'll save for the next post, this may mean more than all together.
The SPY Arbitrage was used again today to the effect of about $.50 SPY cents at its max, however the VXX short term VIX futures were accumulated in to that dip as were TLT 20+ year bond futures.
The market failed to move up to bonds intraday high and turned lower, bond yields (although the bond market is closed, we can get an idea by inverting TLT) also took a urn for the lower. Leading indicators continue to make new lower lows like Professional sentiment.
The was also spot VIX strength vs the SPX, I can't wait to see if SKEW has moved when the CBOE updates it tonight.
TICK has also been flat as a pancake, barely any intraday breadth at all, which is why Breadth Indicators are absolutely stale.
And if you didn't already notice, USD/JPY is breaking lower. I have a lot more, it's more of a more immediate signal than the last "Futures" post, I wouldn't be surprised with a gap down on an am open, a big one, especially with this last chart that just came out today.
More shortly.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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