Monday, May 11, 2015

Shit Wants To Break

The parlour game now is guessing which room full of TNT will ignite the entire house: oil, junk bonds, ponzi bonds, stocks, currencies - or just all at the same time which is most likely... 

The definition of an uptrend is higher lows. The definition of a downtrend is lower highs
Here we see the S&P 500 trending higher while the % of stocks above the 50 day moving average is trending lower:

NYSE 52 week new highs:
Another divergence in trends:

Treasuries keep falling in price (rising in yield):
Four years worth of yield (interest) has evaporated in 3 months: