Tuesday, September 27, 2016

Human History's Biggest Circle Jerk Is Ending

Futures were bid last evening due to the perceived Shillary debate "win". That Wall Street fantasy had the shelf life of a rotten banana...

% Bearish (4 week moving average):
Current reading: 38%
Four week moving average is at the same level as last August and last December...

Another long-anticipated OPEC circle jerk is ending:

Oil hourly:

JPY aka. overnight risk

Deutsche Bank aka. overnight risk

S&P with buying intensity. Or not...

This portends badly...
% of S&P stocks above 50 dma: