iBankCoin

Markets Are Doing Much Worse Than What the Dow is Advertising Now

Get this. The Dow is off by 8 points now, but 78% of stocks are down for the day. I’ve never seen such fuckery in all of my years running Exodus. Typically speaking, if breadth is anywhere near the 25% range, markets are off by 100 or more. The fact that the broader indices are barely lower, with breadth so low, is a red flag for algorithmic generated buy orders trying to fuck with sentiment.

We list over 200 industries in Exodus and just a dozen or so have positive breadth — most of which are in defensive sectors.

breadth2

The lionshare of today’s losses are found in the Industrials, which is posting absolutely wretched breadth today, with many industries at 0%. Yet, the Dow Jones Industrial Average is unch.

breadth

The actual breadth of the Dow 30 corroborates what I am speaking of, with just 10 stocks in the green right now.

dow

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9 comments

  1. Marc David

    Is it okay to order a Vodka Lemonade at 11:25am IF you are in Vegas?

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  2. cascadia

    Truth Fly, truth.

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    • it is showtime

      Truth?

      I warned you all: I rooftop screamed:
      They’re controlling the indexes – They have control of the indexes –
      They are moving the indexes independent of breadth and normal
      metrics for perception and propaganda purposes. Hello. And that.
      Was 2 to 3 years ago. Stop being so surprised fuckheads. Carryon

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    • cascadia

      Who’s acting surprised exactly?
      So, 2-3 years ago you called we would reach all time highs and then look like we are going higher?
      What exactly am I missing here?

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      • it is showtime

        Was more of a response to the “House”
        All’s well buddy just filing a “report”
        Thanks for providing an opening

        my analysis has more focused on the mechanics, not reading tea leaves

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        • cascadia

          I see.
          Problem is, it doesn’t really what the fundamentals are if we are doing more and more QE, NIRP, bailing banks, central bank etf buying (EUR, Japan), and keeping interest rates low.
          We are sputtering right now, and then we will race to the sky like an internal combustion engine that was starved of oxygen but now has a nitrous package installed. The traction of these policies has been slow, very slow.

          We have an aversion to the ramp in front of us.

          We know we are sheep led to slaughter.

          We do not want to participate.

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