The manic blowoff was centered on the Nasdaq 100 largest cap stocks (Facebook, Amazon, Google, Qualcomm, Intel etc.)...
It was a very narrow advance
New highs:
The speculative juices were flowing...
Ameritrade:
At the same time, money flowed out of the leading sector, dividend yield aka. consumer staples and utilities...
Contrary to fantasy belief, it's not good news when everything goes down at the same time, because then the market opens on its highs and closes on the lows of the day...
Money (out)flow
Today's island reversal of fortune was in oil, similar to the one last May and the one in August:
3x leveraged oil
Ameritrade:
At the same time, money flowed out of the leading sector, dividend yield aka. consumer staples and utilities...
Contrary to fantasy belief, it's not good news when everything goes down at the same time, because then the market opens on its highs and closes on the lows of the day...
Money (out)flow
Today's island reversal of fortune was in oil, similar to the one last May and the one in August:
3x leveraged oil