In the meantime, risk is getting in synch to the downside...
Oil and tech stocks at 95% correlation (25 day). The Flash Crash correlation is circled. As we see, Apple really clusterfucked the Nasdaq 100 (red), despite the Fadebook rally...
Shorts are getting squeezed one last time on fake hopium for a production cut deal, even as U.S. crude inventories hit an ALL TIME HIGH...
"Sumamabitch!!!"
Stored oil: Blue circles show inventories the last two times oil bottomed...
https://www.eia.gov/petroleum/weekly/
Finishing up the latest counter-trend "rally" compliments of fake rumours...
There's certainly nothing odd about this picture...a six day rally on about a year's worth of volume...
U.S. Oil ETF (intraday):
Meanwhile, Biotech is getting obliterated...
Down over 10% on the week: