Short covering also ahead of tomorrow's jobs report.
With KMB:SPX ratio
Global RISK OFF
One of these didn't get the memo...
Yen (red) with S&P
Next up: Hammer Time
Google is down -10% since becoming world's most valuable company for a day. Check out the rising wedge on the Wilshire (black) - it reminds me of August...but I'm pretending not to notice...
The entire momentum sector has rolled over. When that wedge breaks, shit gets real...