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Stock Bull-Bear Battle Baffled By Belligerent Burst In Black Gold

Overnight dip-buyers (algos) ran us all the way back to unch before retail stepped in and bought it all back from them and this...

 

Flash-Crash... Rescue bid... Retail fish...

 

The machines were very busy as VWAP was all that mattered... Off The Lows...

 

From last Friday's close... it's been quite wild ride in futures...

 

Which doesn't look quite as crazy in cash indices... Small Caps remain relative outperformers... Dow was saved from worse picture by Goldman's dominance which added 25 points to The Dow on its own

 

Year-to-Date, S&P was rescued at the very last second to close +0.04% YTD!!!! UNRIGGED

 

The momo stuff is losing steam... but "off the lows" is the new "killing it"

Biotech dead-cat-bounce dead-cat-bounce is dead again...

 

Go Pro No Mo...

 

Go Daddy IPO Opens at $26.15... and closes...

 

 

*  *  *

Treasury yields tumbled...

 

The Dollar dropped modestly with buying in Asia/Europe session once again and selling in US session..

 

And Commodities soared...

 

Led by a triple whammy for Crude... Production cut, PEMEX rig fire, and "no deal" with Iran... best day in 2 months (then faded after NYMEX Close)

And gold was well bid north of $1200...

 

Charts: Bloomberg

Bonus Chart: Climbing The Wall Of Absolutely No Worries...

Investor Intelligence Bulls fall to 54.5, Bears still dead at 14.2 pic.twitter.com/OGOC9CcBuB

— Not Jim Cramer (@Not_Jim_Cramer)