Wednesday, July 13, 2016

RISK OFF: Last August, Except 10x RISK

We know that Skynet will take the 2am backdoor out of this "all time high" circle jerk. It's only a question of when...

Today was the first risk off day since this global Brexit celebration rally began two weeks ago...the market is rolling over per the CasinoNomics game plan...

Speaking of overnight risk, Japan and Europe are just wrapping up their "massive" post-Brexit rallies. Brexit circled...

a-b-c:




Breadth momentum:


Not necessarily what you would expect at an all time high...
Price / volume


Biotech



Apple's fifth lower high...


Amazon


Equal weight / cap weight ratio...


Global Dow


Utilities peaked a week ago, and appear to be making 1s-2s down on the :15 minute (not shown)...


Oil


Deflation, Treasuries, JPY, CNY etc. etc...