Early last week, the S&P gapped up to 2400 on minimal volume, and then crashed lower on Wednesday. This week, the S&P has gapped up to 2400 on minimal volume again...
As we see, the gap down filled some of the upside gaps, while this latest rally filled last week's gap down:
"Buy the fucking terrorist attack"
Not all of the gaps got filled of course...
So, we have to try this again...
Volatility compression:
In the meantime, deja vu of Y2K, Cisco confirmed that IT sales are slowing:
This shows 2007:
And several additional retailers imploded...
Foot Locker
American Eagle Outfitters
Urban Outfitters
Walmart made a new multi-year high, albeit lower than 2014...
Mall REITS continued to implode
Today, we learned that new home sales are imploding:
And homebuilders made a recent new 52 week high, albeit lower than the cycle peak:
Bueller?
More lies:
Mind the Gap 'n Crap
And repeat after me: "No casino gambler saw this coming again"
Just as long as Amazon keeps making new highs...
Because everyone knows you only need to own one stock in a market collapse...
