Even Managed Markets Can Have Accidents
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February 08, 2016

It’s not just another day in investing-land as bad news rocks around the planet. Monday’s featured players were in Europe as banks were clobbered.

The center of the http://www.radiosirokibrijeg.com/overnight-viagra problems was in Germany featuring Deutsche Bank. The strange thing about it today was a problem already known—leverage. But most experts knew all about this stuff for a long time. Only now is a light shown on it. Below is a table that really doesn’t need an explanation.

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 That displayed, even the proletariat “gets it” that western countries and www.amuamu.eu financial institutions are being run by a bunch of morons. That’s why we have political populists dominating the electorate. They understand something is terribly wrong as voters gravitate to them.

So we also move to Asia where in China the opaque economic fantasy is reaching its end-game. 

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This spills over to Japan where central bank experiments continue full speed ahead, and now with negative interest rates. This I might add is without the cooperation of most Japanese housewives who run the family’s budgets. That is, don’t save, spend which runs against their cultural traditions.

So we have a world now awash in debt fueled by central banks and trickling down through the system to private banks, corporations, mortgages, selective home prices and so forth. A pox on their houses and policies! Nothing’s been fixed, just papered over.

But, let’s not move too far off where financial markets have descended or the just try! few that rose Monday. Stocks were able to cut a could chunk of their losses before the closing bell aided by that pesky 2:15 PM Sell Program Express. In other words, the machines took over.

Market sectors moving higher included: Treasury Bonds (TLT), Gold (GLD), Gold Stocks (GDX), Silver (SLV), Euro (FXE) and little else.

Market sectors moving lower included: Everything else.

Below is the heat map from Finviz reflecting those ETF market sectors moving higher (green) and falling (red). Dependent on the day (green) may mean leveraged inverse or leveraged short (red).

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Volume was once again heavy and breadth per the WSJ was negative. The worrisome trading trend is the HFTs/Machines might actually prevent a sell-off completion given these late day reversal operations which are only designed for day trades.

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12-17-2015 9-04-44 PM Chart of the Day

 

 

 

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Charts of the Day
  • SPY 5 MINUTE

    SPY 5 MINUTE

  • SPX DAILY

    SPX DAILY

  • SPX WEEKLY

    SPX WEEKLY

  • INDU DAILY

    INDU DAILY

  • INDU WEEKLY

    INDU WEEKLY

  • RUT WEEKLY

    RUT WEEKLY

  • NDX WEEKLY

    NDX WEEKLY

  • XLB WEEKLY

    XLB WEEKLY

  • XLE WEEKLY

    XLE WEEKLY

  • XLF WEEKLY

    XLF WEEKLY

  • XLY WEEKLY

    XLY WEEKLY

  • XLV WEEKLY

    XLV WEEKLY

  • IBB WEEKLY

    IBB WEEKLY

  • IYR WEEKLY

    IYR WEEKLY

  • ITB WEEKLY

    ITB WEEKLY

  • XLU WEEKLY

    XLU WEEKLY

  • HYG WEEKLY

    HYG WEEKLY

  • TLT WEEKLY

    TLT WEEKLY

  • UUP WEEKLY

    UUP WEEKLY

  • FXE WEEKLY

    FXE WEEKLY

  • FXY MONTHLY

    FXY MONTHLY

  • GLD WEEKLY

    GLD WEEKLY

  • GDX MONTHLY

    GDX MONTHLY

  • SLV MONTHLY

    SLV MONTHLY

  • DBB MONTHLY

    DBB MONTHLY

  • USO MONTHLY

    USO MONTHLY

  • IEV WEEKLY

    IEV WEEKLY

  • EFA WEEKLY

    EFA WEEKLY

  • EEM WEEKLY

    EEM WEEKLY

  • NYMO DAILY

    NYMO DAILY

    The NYMO is a market breadth indicator that is based on the difference between the number of advancing and declining issues on the NYSE. When readings are +60/-60 markets are extended short-term.

  • NYSI DAILY

    NYSI DAILY

    The McClellan Summation Index is a long-term version of http://templesinaivt.org/canada-viagra-online the McClellan Oscillator. It is a market breadth indicator, and interpretation is similar to that of the McClellan Oscillator, except that it is more suited to major trends. I believe readings of +1000/-1000 reveal markets as much extended

  • VIX WEEKLY

    VIX WEEKLY

    The VIX is a widely used measure of market risk and is often referred to as the "investor fear gauge". Our own interpretation has changed due to a variety of new factors including HFTs, new VIX linked ETPs and a multitude of new products to leverage trading and http://www.stel.it/buy-levitra-soft change or obscure prior VIX relevance. 

It may be the late day buy programs may just delay the help viagra price in canada inevitable collapse drawing out the process. On the other hand, we’ve seen plenty of Turnaround Tuesday’s from the action we’re seeing now.

I’m not keen on markets for the plain reasons I’ve described in the first section. But then what I think probably doesn’t matter.

Let’s see what happens

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Dave Fry is founder and publisher of ETF Digest and has been covering U.S. and global ETFs since 2001. 

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ETF Digest was awarded one of the most informative ETF websites in the 10th Annual Global ETF Awards.



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ETF Digest™
 

Disclaimer: The charts and comments are only the author's view of market activity and aren't recommendations to buy or sell only any security. Market sectors and related ETF's are selected based on his opinion as to their importance in providing the viewer a comprehensive summary of market conditions for the featured period. Chart annotation's aren't predictive of any future market action rather they only demonstrate the viagra uk chemist non prescription author's opinion as to a range of possibilities going forward. More detailed information, including actionable alerts, are available to subscribers at www.etfdigest.com

 

ETF Digest

Market Summary
NYSE Composite Index S&P 500 Index Nasdaq Composite Index Russell 2000 Small Cap Index NYSE Composite Index S&P 500 Index Nasdaq Composite Index Russell 2000 Small Cap Index 10 Year Treasury Note Yield Gold Bugs Index Morgan Stanley High Tech 35 Index Market Chart
Commodity Quote Change Change % NY
Gold1,182.708.200.70 % 08:15
WTI Crude Futr32.850.571.77 % 02:13:21.000
Index Quotes Change Change % Local
CRB160.58-1.35-0.84 %16:28
US Dollar96.72-0.26-0.27 %16:43
Index Quotes Change Change % Local
VIX26.002.6211.21 % 16:14
MSCI Value Daily MTD YTD
Brazil982.588-1.80 %2.46 % -5.18 %
Russia388.003-1.58 %-3.22 %-4.13 %
India425.1071.14 %-0.61 %-7.50 %
China50.550-0.01 %-2.51 %-14.91 %