BAC -5.2% to 6.19, WFC -5.4%, AIG -6.3%, IRE -6.5%, NBG -6.8%, JPM -7.2%, UBS -7.7%, C -8%, STD -8.2%, GS 8.2%, BBVA -8.3%, MS -8.7%, HBC -9.1%, ETFC -9.4%, JEF -10.4%, RBS -11.1%, DB -11.2%.
FAS shrank 14.8%. FAZ went from 39 yesterday to 43+ today with very little selloff into the close. In fact, after I got up, it dropped below 43 to the mid-42s, then ran up above 43.50. On big volume. If you're like me, you know AAPL leads the retail market, and AAPL's selloff today on large volume with that hanging man candle looks simply horrible.
Technicals do not tell us what's going to happen, and they are the mercy of headline risk. But they do provide a visual into the global monetary chaos, and what a friggin mess.
Below, some charts and that includes TVIX, which was up 37% freaking percent! I remain in the bleachers sipping a hot cocoa, cash under the mattress.
No matter how much weight the banksters have behind their
punch, they can't find resolution to the toxic assets near and far.
Major move today on heavy volume but I suspect this stays in a
range between 36 and 44. A break above 44 would tempt.
The breakout momentum was doused today but volume
was not totally indicative of a definite avalanche.
Big move post-pennant? I should've said moves, as in plural!
Down 1.7% today, which makes no sense considering the
mega-printing of fiat that is due globally. Soon.
One hell of an ugly candle.
The move lower was on significant volume.
Mad US dollar!
37% in one day? This closed at 46.04 yesterday.
The Italian-German-French-Greek soap opera continues in
As The Euro Central Bank Turns. Tomorrow's episode:
Happy bedroom talk resumes and TVIX loses half of
today's enormous gain.