Sunday, October 23, 2016

Never Cry Mega Crash

They stop listening. Then it happens...

The Chinese Yuan was officially included in the IMF reserve currency SDR as of October 1st. Since then, they've been devaluing non-stop. They will continue until shit breaks. You know, like last times...



Speaking of which...


Only one third of the S&P is above the 50 day...

% of S&P stocks above 50 dma


The market is supported by a small handful of mega cap stocks as indicated by the Wilshire/S&P ratio:


Confirmed by new highs


Price / volume indicates major selling by institutions:


Relative strength aka. momentum


Skydiving without a parachute:

Profits, stocks, 'Conomy


The Zuckerberg Omen: One massively overowned stock holding up the entire casino while everything else implodes in real-time...


"No one saw it coming"

Rydex Bearish assets: