NAS : état des lieux.

[Eutectique]

[Eutectique]

[Eutectique]

[piet]

Global Macro Update



"We start our update concluding the week like we started it: with the Vix. We pointed out a morning star on the Vix last Monday, and today the market was finally given a reason to validate the reversal with the news of GS being sued by the SEC. If it had not been for this piece of news it would have been something else. People are often quick to point that the market turned because of such or such event, but what is most important when an event occurs is that the market be positioned the wrong way so that the exogenous shock applied to the system generates the maximum amount of resonance...
As such, the outside bullish reversal in VIX Monday was indicative that people were not only long, but complacent enough not to hedge so that the demand for volatility hence protection was very low. This can be seen in the fact that on Wednesday the put/call ratio was basically at its lowest since December 1999, or the 21-day RSI on the Nasdaq was its highest since... December 1999!.."


http://www.zerohedge.com/article/global-macro-update-4

[Eutectique]

[Eutectique]

[Eutectique]

[Eutectique]

[Eutectique]

[Eutectique]

[Eutectique]

[Eutectique]

[Eutectique]

[Eutectique]

[Eutectique]