If you inform the Idiocracy that the impossible is not possible too often, they lose interest. An unfortunate side effect of having the attention span of a coked up flea...
The carry trades are the achilles heel of Globalization.
Something about printing several trillion dollars of new money, making it available for leveraged speculation at 0%, and then having no fucking clue where it all went...
Aussie / Yen with S&P aka. "Overnight risk"
The Nasdaq 100 is extremely weak aka. Biotech, Apple, Facebook etc.
Nasdaq 100 with % of stocks above 200 dma
Nasdaq 100 wave count:
Biotech count:
"Overbought"
McClellan Oscillator since January: