The Staining of the Underwear

Oil
Apple
Big Cap Tech
Yen
China/EM
Volatility
Breadth
New lows expanding
Complacency
Risk off
Stock buybacks
Liquidity


Overnight, oil broke below $30, Chinese stocks entered a new bear market from the recent bounce, Intel gave weak forward guidance, and Dollar/Yen sold-off on comments that the Bank of Japan was not adding more stimulus.

All sources of market liquidity/support are vertical down at the same time.

http://www.nanex.net/NxResearch/NxLiquidity/

Where the bodies are buried:
The USO ETF with volume by price (yesterday's close):

Who wouldn't want to buy this?

The smart money is leaving the station...
30 year Treasury bond (prices) are ready to break out to the upside...

Aussie / Yen is currently at 80.382

Skynet system test is on deck, as big cap tech gets sold hard. Again...
Internet ETF

Every ETF is going to pound Skynet at the same time
Financials

Why? Because an Idiocracy is a society that never learns

The biggest short:
Option skew (50 dma): Bets on a mega-crash at all time high