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A new scam emerges: A news scam emerges:
Bloomberg: The Hot New Statistic Oil Traders Are Watching Is 71 Years Old
Those trading light, sweet, and sometimes crude oil last Friday may recall this little order flow anomaly right at Noon Chicago time – a very nice little jagged ‘M’ formation:
(Note: This is an abbreviated version of the original article on MarkStCyr.com)
Well It didn’t take long (a new all time never before seen in the history of mankind always fuels this) before not only did I once again begin receiving smirks from others in regards to my thoughts on the financial markets, but a few thought they would jab a few elbows my way adding that maybe I should not have been so forth coming, or so quick to write my thoughts on what Tony Robbins had been expressing. For as one person said to me “You seem to have a little egg on your face.” (more…)
It seems almost beyond belief that last month we were running around barefoot in a VIX that was in the 30s. We have now returned to the moribund slog of a sub-teen VIX. It hasn’t broken its uptrend yet, but by God, this week is looking like a snoozer.
In a mere 19 trading sessions, the VIX lost nearly two-thirds of its value. Surely that’s some kind of record. I noticed, however, that the VIX has been making a series of higher lows (note the yellow highlights). Just sayin’.
