During the circus:
China lost control of their currency
Oil staged a key reversal at the exact same level as last year
Volatility collapsed
Bear market outflows seven days in a row
Internet stocks bounced
Yield lagged
Shorts covered
The rest of the world was too busy rolling over to care about the circus...
The Canadian dollar gave oil directions for the next leg down...
Stoned gamblers piled into Netflix in eager anticipation of Billary's season on House of Cards...
Railroads imploded. But it's 'probably nothing'...
JnJ imploded. Also 'probably nothing'...
Volatility was crushed to the same level the last time the wheels came off the bus...
Yield is down four weeks in a row...
What could go wrong?
All that matters is the new (one week) trendline which saved 2120 for another day...
The chart of the week is Ameritrade. Because the whole world is a casino and everyone thinks that they alone will get out at the top...
