Last week saw the first 90% down days in 17 months. What is coming next are 100% down days. Contrary to popular belief, history's largest one day volatility spike was not a "one time event"...
No sound required:
Last week's largest ever one day spike in the VIX should have been a warning call to bulltards. But instead they took the opportunity to once again buy the dip with both hands. It's not hard to understand why volatility exploded. There's no place left to hide...
Large cap internet stocks lost a month of gains last week and regained them this week. In other words, January was the melt-up and this week was the turbo melt-up:
Unfortunately, this rally is not of the same high quality as the one that fell apart last week:
The reflation trade mounted a partial comeback deja vu of last February:
Gamblers would do well to brush up on their technical chart analysis. Because the three wave overlapping retracement is one of the most reliable signals that a rally is game over, man:
Know what I mean?