Kiss goodbye...
Big cap tech was down 3% but selling pressure was muted i.e. more like buying pressure...
Overheard on Yahoo:
Nasdaq TRIN is muted compared to last times at this level...
Locus of stock selling was in Emerging Markets and Energy stocks:
EM Debt and EM Currencies are at new lows flashing code red. Fully ignored by stock gamblers...
Global Dow now below its two year range...
Transports hammered on the week...
Heavy distribution as insiders and institutions liquidate with both hands...
Junk bonds are now in a no bid market since due to illiquidity, no one knows if they can get out...Kind of like the S&P, except they don't realize it yet...
We've seen this movie before i.e. right back to pre-Flash Crash levels...
Equal weight S&P (red). Market cap weight (black):
Damocles' Sword is falling aka. "overnight risk"
Dollar / Yen:
Binary risk visualized:
