Thursday, June 2, 2016

FINAL DETONATION: Just Add Panic

We don't know the precise time zone, we only know there will be no going back...






CN Yuan @ Maximum Risk

JP Yen @ Maximum Risk

Europe @ Maximum Risk

Oil 3x leveraged to bullshit


DVY / Dividend : Re-test of Overthrow @ lower momentum

XLP / Staples: Third weekly lower cycle high

FANG / Facebook, Amazon, Netflix, Google:Imminent Reversal

IBB / Biotech : Fourth lower high in past year

Retail: ex-Amazon, full obliteration

XLE / Exxon : Stalled at lower yearly high

Mega-Caps: All Peaked

Brewer stocks: Blow-off top

IWM / Small Caps / Breadth: Rolled over

QQQ / Nasdaq 100 / Relative weakness (Microsoft, Apple, Oracle, Cisco etc.)

Financials: Third lower high, rally reversal

Munis / Yield: Rolling over at maximum overbought

Buyback "Achievers": Third lower high

Junk Bonds: Rolling over at lower high

(Volume is weekly, not complete for current week)




Berkshire: Diversified Cyclicals




Lockheed Martin et al.