The fear is literally oozing out of my charts right now. Hedge fund redemptions are on the increase, various funds are closing, banks are allegedly buying puts on other banks. Retail has been heading to the exits a long time ago, even here in the comment section it’s been suspiciously quiet in the past few weeks.

And who could blame you guys? After all we’ve got Mr. VIX slowly creeping higher and momo divergences are popping up everywhere. The Dollar is taking it up the rear and the Euro is back with a vengeance squeezing the shorts.

Here for example is the NYA50/NYA200 ratio. Boy, that is one scary chart!

VXV:VIX ratio – [...]

In 1959 at Caltech, Dr. Richard Feynman presented the American Physical Society with his classic lecture titled ‘There’s Plenty of Room at the Bottom‘, outlining his vision of the future and the possibility of engineering microscopic technology down to the molecular scale. Feynman’s presentation has continued to inspire several generations of biologists, physicists, and chemists to this very day. Only in the recent past however, more than half a century later, are we beginning to harvest the fruits of his vision, as our scientific knowledge and technological capabilities are slowly encroaching into the microscopic world.

Unfortunately however it seems [...]

We continue to grind it out below the big volume hole as suggested in my previous two updates. Nothing really surprising here and I don’t expect final resolution until Thursday when Draghi announces the ECBs interest rate decision. What’s interesting however is that we seem to be heading into in a pretty rare market phase – a sideways low volatility period:

Well, I should call it sideways depleting volatility really as we’re not in a low volatility phase based on longer term measures. But taken in context it’s clear that volatility has slowed down markedly. Last week this produced a small trend higher which seems to have run its [...]