It WAS not the same

As we were pointing up yesterday, damaged structure and market internals were shouting what price was denying. Unfortunately many inverstors only look to price and media, otherwise one can't understand how so many people went long yesterday (Equities P/C ratio reached 0,53 today).

Source: CBOE



Te results are evident and the ES updated chart leaves no doubts. It finally got the 1028 target we defined. So profit taking from shorts is expectable in the VST. Will post later the expected moves for tomorrow.





As usual we look for confirmations on different markets since this adds support when coordinated moves happen:

Very interesting moves at bonds marketes, specially on High Yields. They went straight down indicating risk aversion among investors.

HYG bigger picture:



HYG close up:




JNK