Tuesday, May 3, 2016

They Don't Want To See It Coming

There's no risk of that happening...

Wave 3 down in Europe has begun. That's all. I'm sure it won't sell down U.S. futures much like it did last night...

The financial story of the past 24 hours was the surprise rate cut by the Australian Central bank that sent RISK OFF shudders across global markets...

Aussie / JPY
"Attention, please remove head from ass, risk is off mates"



Emerging Markets with Average U.S. stock:
You can guess which is which and then pretend that it matters...



Europe broke back below the neck line...wave 3 is underway...



Apple caught a dead cat bounce off of the all important $94 support line...the only green on my screen today aside from the VIX and Treasuries...



Apple with S&P
In a nutshell, you don't want the red line being the last thing keeping the black line up...