Let's see...
Today was similar to Friday - growth and Technology stocks struggled all day, small caps were down, breadth was negative, but somehow the Dow eked out a few more points on miniscule volume.
Skynet System Test
Meanwhile, Skynet was warming up today with several different glitches, which is what we should expect. Liquidity is drying up in every direction as the multi-year non-stop bull market pulls in every last dollar from every last degenerate gambler. The HFT Bots clearly are getting anxious that inbound capital flows are now minimal, which no doubt is causing these glitches. Today around noon Eastern, the market's main data feed stopped working for everyone except the HFT Bots. Then, later in the afternoon, the Nasdaq's Commodore 64 had to be rebooted. Can you imagine that this shit is breaking down on lower hourly volume than occurred on Christmas Eve? Unbelievable.
The HALO crash scenario will be all about the liquidity (lack thereof) combined with shit software. I'm starting to think that HFT was programmed by Microsoft and blamed on Russians.
Where was I:
1) Dow at all time highs. Check
2) Declining liquidity at the top. Check
- Volume collapsing
- Fed reducing liquidity
3) Rotation to recession stocks. Check
- New high in JnJ
4) Skynet melting down in real-time. Check
5) Gold leading the way down (see below). Check
6) Breadth lagging. Small caps underperforming (see below)
7) Key currencies already breaking down: $CAD, $Eur, $Aussie, and Yen strengthening
8) Mass complacency. Check
9) Economy stalling. Check
10) Media oblivious. Check
The latest internet IPO: iRailroad.com
This is the craziest chart of the day - yet another example of a 100+ year-old stock going parabolic
Canadian Pacific Railway
Founded: 1881
Up 580% since 2009
Russell:Dow Ratio
Small caps had a two week bounce during which they outperformed, but now starting to significantly underperform again...
New weekly high for Consumer staples (recession stocks)
Canary in the gold mine:
What is gold trying to tell us?
iPhoney 6 Rally
Apple's counter-trend rally is the main reason the Nasdaq 100 has outperformed the Nasdaq Composite (all stocks). However, now the rally appears to be losing steam. I may have to get the new iPhoney6, I heard it's one better than iPhoney5:
Other than that, it was just business as usual - bullshit, lies, and deception...
Canadian Pacific Railway
Founded: 1881
Up 580% since 2009
Russell:Dow Ratio
Small caps had a two week bounce during which they outperformed, but now starting to significantly underperform again...
New weekly high for Consumer staples (recession stocks)
Canary in the gold mine:
What is gold trying to tell us?
iPhoney 6 Rally
Apple's counter-trend rally is the main reason the Nasdaq 100 has outperformed the Nasdaq Composite (all stocks). However, now the rally appears to be losing steam. I may have to get the new iPhoney6, I heard it's one better than iPhoney5:
