Tuesday, October 18, 2016

Imagined Realities 2016

Today's rally compliments of short-covering...

Today's gap higher, sets up for another island reversal of fortune, but we've only seen this movie three times, so how would we know?


Sure, why not:


Overnight gaps courtesy of "China"

Aussie, Hong Kong, and Chinese stocks with China GDP (red):


Goldman Sachs caught a bid today, just in time for the entire Broker/Dealer sector to roll over...


Today was a big day for yield, JnJ finally got monkey hammered lower...


Lockheed Martin still at the 200 day...


Soon to be joined by General Dynamics...


After hours, Intel is down -5% on weak forward guidance. Which portends badly for the parabolic Semiconductor sector...


Bonus chart: More retail carnage, aka. Macy's: