testing new feature

Check out on the right hand side our 'SUSI graphs' under 'Additional Info'.

There you will also find a BETA model around the LEADING POWER of the one and only AAPL, based on relative strength and Exhaustion concepts which seem promising in a world of correlation trading by the MACHINES. 

Not there yet....

The positioning on CBOE and ISE hints at further consolisation.

Where do we exepct Vola?

• EURO and Prec. Metals
• direction unknown
• do we believe they will act in a vacuum? - NO!!

How long can the consolidation go ?

The EURO expects the risk off trade to run into early November (after the election?)

It's all about APPLE

Apple is the 800 pound Gorilla, the liquidity play for the option gamblers, the purebred that drives the Nasdaq......and AAPL was in a topping formation for some time.

Now we have to wait and see where Apple is taking/ leading the Market.

Money continue to flow out of the BULL ETFs

Vix Indicators call for more short term consolidation

VixOSC:

Vix Fair Value:

no further updates this weekend

....data provider struggles to deliver intraday Nasdaq Data :(

Are the Bulls losing the Autumn Batttle ?

Breadth is getting worse

What's it gonna be ?

Will Obama and Benanke keep the market sideways in the Election ?

This is at least what Gold and the Euro are thinking...

 

State of the Risk Trade

We should expect Vola in the Euro.

..with the Euro being in a negative Trend.

...like Gold

The big large Cap portfolio as well as the levered ETFs see Money Outflows.

 ...with the Spy also being in a negative trend.

The Bulls need to do something quickly otherwise the bears take hold ...(which would be bad for Obama!!)

VixOSC is negative again.....caution is warranted

Breadth & Liquidity send more ALERTS

Secondary Divergences at lower levels constitute Divergences on a larger Scale.

Markethealth deteriorates: Will there be life after AAPL ? 

The Big Retest ?

GOLD, EURO, DXY, S&P500....

The retest right around the time when all Sentiment INDICATORS are overbought.

The correlation is the risk trade is as always impeccable!!

Smart Money: Plenty of distribution for the big LG. CAP US BANKS

The 'Smart Money' is taking money off the table be it in the cash or in the Option market in the particularly sensitive sector of the large cap US Banks.

EURO expects some near term VOLA

Our Risk/Reward Multiples Chart (RRM) calculates the max pay-out for long vola trades. As we can see from the chart the last 6 times we saw chances like today the euro experienced some big figure moves over the next months.

'Vola has no face' which means in this context that this could be positive or negative for the RISK trade, All we know is that we can expect acceleration.

HEADFAKES on Monday !

Another Warning Sign!

Monday saw a headfake in the Spyder....

...and in Gold.

It was around 10am in New York when the magical levitation vision was kicked in gear by the algos. It would not have taken much to confirm that move but it WASN'T.....

Gold has experienced 3 failed breakouts. There could be a final one, but if that fails as well then we should expect some downside momentum.