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Sep 2 - Dow Sinks Over 400 Points as Weak China Data Batter U.S. Stocks

Follow The Market Madness with Voice and Text on FinancialJuice

EMOTION MOVING MARKETS NOW: 8/100 EXTREME FEAR

PREVIOUS CLOSE: 14/100 EXTREME FEAR

ONE WEEK AGO: 3/100 EXTREME FEAR

ONE MONTH AGO: 20/100 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 24.03% 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:  EXTREME FEAR The CBOE Volatility Index (VIX) is at 31.40 and indicates that investors remain concerned about declines in the stock market.

Stock Price Strength: EXTREME FEAR The number of stocks hitting 52-week lows is slightly greater than 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 | EURGBPGBPJPY | 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 – I JUST LOVE MY NEW SWEATER 

 

UNUSUAL ACTIVITY

MU SEP 20 CALL ACTIVITY @$.11 on OFFER 2400+ Contracts

FAST SEP 38 PUT ACTIVITY ON OFFER @$.70 2500+ Contracts

TWTR DEC 50 CALLS 1500+ @$.15 .. also activity in the DEC 40 calls

APLE EVP, Chief Legal Counsel P    5,592  A  $ 17.88

MTZ 10% Owner Purchase 10,000 A $15.98 and Purchase 5,000 A $15.63

More Unusual Activity… 

 

HEADLINES

 

Fed's Rosengren Says Inflation Doubts Justify Slow Rate Pace --BBG

US ISM Manufacturing (Aug): 51.1 (Est 52.5; Prev 52.7)

US Manufacturing PMI (Aug F): 53.0 (Est 52.9; Prev 52.9)

US Construction Spending (MoM) (Jul): 0.7% (Est 0.6%; Prev 0.7%)

Atlanta Fed Q3 GDPNow Estimate: 1.3% (Prev. 1.2%)

Canadian GDP Annualized (QoQ): -0.5% (Est -1.0%; Prev -0.8%)

Greek Creditors May Delay Bailout Review Until November: Sources

SNB's Jordan: Current Negative Rate Not Absolute Bottom

Dow sinks over 400 points as weak China data batter U.S. stocks

U.S. Auto Sales Up Despite Holiday Shift

Historic three-day streak comes to abrupt halt, as crude falls by 7%

 

GOVERNMENTS/CENTRAL BANKS

Fed's Rosengren Says Inflation Doubts Justify Slow Rate Pace --BBG

Atlanta Fed Q3 GDPNow Estimate: 1.3% (Prev. 1.2%)

US Treasury Official: China should clearly explain policies to markets --Channel News Asia

Greek Creditors May Delay Bailout Review Until November: Sources --MNI

IMF's Lagarde Sees Weaker Than Expected Global Economic Growth --RTRS

ECB's Dickson: National laws hamper ECB's work as single supervisor --RTRS

EU report calls for 'consistency checks' on EU financial rules --RTRS

SNB's Jordan: Current Negative Rate Not Absolute Bottom --ForexLive

Irish FinMin: To Raise Growth Forecast, Appoint Central Bank Head Soon --RTRS

Japan EcoMin Amari: too early to declare end to deflation risk --RTRS

GEOPOLITICS

EU Set to Roll Over Sanctions on Russian and Ukraine-Rebel Individuals and Firms --WSJ

FIXED INCOME

Medium-, short-dated Treasuries gain on weak U.S., China data --Yahoo

British gilts rally on weak factory PMI data --RTRS

US Sold USD 35bln in 4-week Bills; Avg yield 0.00%

UK DMO To Sell GBP 2bln 30-year Gilts On 8th September

FX

Dollar Falls as Weak Chinese Data Prolongs Market Fears --WSJ

GBP/USD extends declines and posts 3-month lows --FXStreet

USD/CAD looking to stabilize below 1.3200 --FXStreet

ECB: Forex Reserves Rose To EUR 264.1bln, Up Eur 1.3bln --ECB

ENERGY/COMMODITIES

Historic three-day streak comes to abrupt halt, as crude falls by 7% --Investing.com

Gold Ends Higher On Safe Haven Appeal, Disappointing Economic Data --LSE

Copper Drops on Weaker Chinese Manufacturing Data --NASDAQ

Iranian Oil Minister: Almost All Opec Members Want Oil At $70-80/bbl --CNN

Government Report Finds Economic Benefits of Oil Exports --WSJ

El Nino Sends Strong Signal as Pacific Temperatures Soar --WSJ

NZ Change In GDT Price Index (1 Sep): +10.9% (Prev +14.8%) --GDT

NZ Change In Whole Milk Powder Price (1 Sep): +12.1% (Prev. +19.1%) --GDT

EQUITIES

Dow sinks over 400 points as weak China data batter U.S. stocks --MarketWatch

European Stocks drop on weak Chinese and US data --Yahoo

FTSE posts biggest one-day fall in over a week --RTRS

Dollar Tree Shares Fall as Sales Forecast Trails Estimates --BBG

U.S. Auto Sales Up Despite Holiday Shift --WSJ

Apple explores move into original programming business --Variety

Valeant Strikes Psoriasis-Drug Pact With AstraZeneca --WSJ

Critics Line Up Against Moynihan's Roles at Bank of America --WSJ

General Electric set to secure approval for Alstom deal --FT

Mexico withheld millions in tax refunds from P&G, Unilever, Colgate --RTRS

Bayer Separates Material Science Business Covestro --WSJ

BG Puts Its Thai Gas Field Stake Worth $1.2 Billion On Sale --RTRS

Online Betting Firm 888 Forced To Improve Bid For Bwin --RTRS

Fitch Affirms AIG's Ratings; Outlook Positive

EMERGING MARKETS

Latam markets drop on China worries --RTRS

China Boosts Efforts to Keep Money at Home --WSJ

 

Don't Ditch Emerging Markets Just Because They're Down --Time