EMOTION MOVING MARKETS NOW: 13/100 EXTREME FEAR PREVIOUS CLOSE: 13/100 EXTREME FEAR ONE WEEK AGO: 10/100 EXTREME FEAR ONE MONTH AGO: 14/100 EXTREME FEAR ONE YEAR AGO: 42/100 FEAR Put and Call Options: EXTREME FEAR During the last five trading days, volume in put options has lagged volume in call options by 23.44% as investors make bullish bets in their portfolios. However, this is still among the highest levels of put buying seen during the last two years, indicating extreme fear on the part of investors. Market Volatility: NEUTRAL The CBOE Volatility Index (VIX) is at 26.23. This is a neutral reading and indicates that market risks appear low. Stock Price Strength: EXTREME FEAR The number of stocks hitting 52-week lows exceeds the number hitting highs and is at the lower end of its range, indicating extreme fear. PIVOT POINTS EURUSD | GBPUSD | USDJPY | USDCAD | AUDUSD | EURJPY | EURCHF | EURGBP| GBPJPY | NZDUSD | USDCHF | EURAUD | AUDJPY S&P 500 (ES) | NASDAQ 100 (NQ) | DOW 30 (YM) | RUSSELL 2000 (TF) | Euro (6E) |Pound (6B) EUROSTOXX 50 (FESX) | DAX 30 (FDAX) | BOBL (FGBM) | SCHATZ (FGBS) | BUND (FGBL) CRUDE OIL (CL) | GOLD (GC) MEME OF THE DAY – DUBAI GOLD DEALER OLYMPICS UNUSUAL ACTIVITY RHT @$.75 .. SEP 72.5 CALL Activity 3300+ Contracts IP SEP WEEKLY2 42.5 CALLS @$.62 on offer 1300+ Contracts KHC SEP 70 PUT ACTIVITY 2K+ @$.50 on offer KRO Director Purchase 967 @$6.905 Purchase 1,033 @$6.909 TTS SC 13G/A .. Tremblant Capital Group .. 11.69% More Unusual Activity… HEADLINES Bank of Canada Holds Interest Rate at 0.5% US JOLTS Job Openings (Jul): 5.753m (est 5.3m, rev prev 5.323m) US MBA Mortgage Applications (Sep- 04): -6.2% (prev 11.30%) Larry Summers: A Fed hike is an unnecessary risk --FT Hilsenrath: Agreement on September hike eludes the Fed --WSJ S&P cuts China 2016 growth view to 6.3%, 2015 unch CA Housing Starts Aug: 216.9K (est 190.5K; rev prev 193.3K) CA Building Permits (MoM) Jul: -0.60% (est -5.00%; rev prev 15.50%) UK NIESR GDP Estimate (3M/3M) (Aug): 0.50% (rev prev 0.60%) ECB's Praet: QE is largely producing desired effects ECB's Mersch: QE helping bank funding BoJ's new measure of core CPI accelerates in July BOJ considering trimming price outlook, export view GOVERNMENTS/CENTRAL BANKS Bank of Canada Holds Interest Rate at 0.5% --WSJ Larry Summers: A Fed hike is an unnecessary risk --FT Hilsenrath: Agreement on September hike eludes the Fed --WSJ ECB's Praet: QE is largely producing desired effects --ForexLive ECB's Mersch: QE helping bank funding --Rtrs BoJ's new measure of core CPI accelerates in July --Rtrs sources BOJ said to be thinking about trimming price outlook, may also cut export view --ForexLive https://twitter.com/livesquawk/status/641584849728446465!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+"://platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs"); EU's Juncker: Greece must respect bailout, or there will be EU reaction --Rtrs COMMENT: FT's Martin Wolf makes the case for keeping rates low --FT GEOPOLITICS Iran's Supreme Leader Rules Out Negotiations With U.S. Beyond Nuclear Issues --WSJ U.S. Voices Concern Over Russia?s Buildup in Syria --WSJ FIXED INCOME US Tsy yields fall as buyers return to market --Rtrs US sells 10-year notes at 2.235% vs 2.245% WI --ForexLive NY banking regulator in US Treasury market probe --FT FX EUR: Dollar rises with stock rallies that sting euro --Rtrs JPY: Dollar rises against yen as Abe promises tax cuts --MW GBP: Pound's prospects murky after UK setback --FT EM FX: Emerging Market Currencies Strengthen in early play --WSJ ENERGY/COMMODITIES WTI futures settle 3.9% lower at $44.15 per barrel Brent futures settle 3.9% lower at $47.58 per barrel CRUDE: EIA lowers 2016 US demand growth forecast --ForexLive CRUDE: Saudi Arabia August oil output dips slightly --CNBC CRUDE: North Sea faces ?12bn investment collapse from oil price slump --Tele METALS: Gold Prices Tread Water Ahead of Federal Reserve Meeting --WSJ EQUITIES S&P 500 unofficially closes down 1.4% at 1,942 DJIA unofficially closes down 1.4% at 16,256 Nasdaq unofficially closes down 1.2% at 4,756 TECH: Apple launches new iStuff, shares softer M&A: KKR to Buy Stake in London Hedge-Fund Firm Marshall Wace --WSJ TECH: Alibaba Braces for Sales Slowdown as China?s Growth Falters --WSJ TECH: Tax concerns on Yahoo's Alibaba stake spinoff prompt target cuts --Rtrs INDUSTRIALS: Lockheed Martin to Cut 500 Information Systems Jobs --ABC RETAIL: Barnes & Noble sales fall for 5th straight quarter --Rtrs CRA: Fitch Affirms BT At 'BBB'; Outlook Positive ASIA EQUITIES: Japan Shares Jump Most in Seven Years --WSJ BANKS: Credit Agricole may pay about $900 million in U.S. sanctions probes - Rtrs sources F&B: McDonald's moving to 'cage-free' eggs in US, Canada over 10 years --Rtrs CSUITE: United Continental: CEO Exit 'Might Just Be What It Needs' --Barrons EMERGING MARKETS Chinese Primer Li: Economy Faces Downward Pressure --BBG Chinese Primer Li: China Doesn't Want Currency War, Reassures on Growth --Rtrs China Is Changing How It Reports GDP to Meet IMF's Standard --BBG