maandag 7 augustus 2017

Dow Rises To 9th Straight Record Close On Lowest Volume In Years!

The 9th record close in a row for The Dow (and 10th straight day higher, longest streak since Feb)... 


As one veteran trader exclaimed "holy smokes, never saw volume this low"...


This is the lowest aggregate S&P 500 e-mini Futs volume for this day in history since 2001...


For 13 days in a row the S&P 500 cash had closed with a 247X handle, Until Today; 2474, 2473, 2473, 2470, 2477, 2478, 2475, 2472, 2470, 2476, 2478, 2472, 2477, 2481. But this is the lowest volatility in the 90-year history of the S&P...



VIX dropped back below 10...


Managing to get the S&P 500 to close with a 2480 handle Nasdaq was the clear outperformer (FANG up for 2nd day) and we note Small Caps were squeezed (on EU Close) and dumped...


As RBC noted earlier, over the past five sessions, a number of crowded sub-sectors have experienced notable profit-taking and reversal as per the below table...


Treasury yields drifted lower through the US day session ending the day marginally lower...


The Dollar Index clung to most of its gains from Friday...


EUR was slightly stronger on the day as commodity currencies lost ground...


Just one thing, is it 'time' for a reversal?


Bitcoin surged over 18% from Friday's close to a new record high, 3rd biggest daily gain in the last 4 years...


Silver continues to slide from its 50DMA after payrolls...


And gold was practically unchanged finding support again at its 100DMA (though it did roll over into the close)...


WTI Crude closed lower on the day but bounced back (for the 5th day in a row off its 100DMA)...