Tuesday, December 27, 2016

The Rocket Is Out of Fuel. At The Pinnacle of Delusion

What happens when a rocket runs out of fuel short of its destination? We're about to find out...

Skynet has taken volume and volatility down to multi-month lows to push above Dow 20k. But now the generals are leaving the advance...

New 52 week highs:



The Nasdaq hit a new all time record today, compliments of Semiconductors...



Oil hit a new 52 week high, while C$ fell back to multi-month lows...



Regional banks 




We know this (Nasdaq 100) broadening top pattern...



Because it's the same as this far larger one...