(Reuters) - Impoverished North Korea is gearing up to experiment with agricultural and economic reforms after young leader Kim Jong-un and his powerful uncle purged the country's top general for opposing change, a source with ties to both Pyongyang and Beijing said.
enjoying themselves reponsibly.
.
:
had a tot or two yourself, i see
All the while ES held at 1361.50 (see chart) - low of 1361.25
BTW - Joules and CanOz - tks again for the thoughtful feedback re distribution and topping (posts #161 & #162), nicely done.
it has been slightly weaker.is the TF still leading the ES?
CanOz
Egan-Jones cuts Spain again to cc+ (WTF?)
AKA Shooting fish in a barrel
The total put-call ratio is also interesting. This powerful indicator gave a strong buy signal when SPX was at 1,340; that signal has a 100-point target, so we are looking for SPX to rally to at least 1,440, based on that. However, there is more to this ratio. It is relatively rare to see the 21-day moving average of the Total ratio above 0.90. When it’s that high, there is heavy put buying (i.e., a lot of people are bearish). That was certainly the case in early June when the 21-day moving average of the ratio reached 1.05. But now, even after SPX has rallied 100 points, the 21-day moving average is still as high as 0.94. That is very unusual, and it certainly supports my view that there are a lot of pessimistic people remaining.
Another interesting fact about volatility surrounds the desire for protection via the purchase of volatility futures, calls, ETNs, and ETFs. There is a voracious appetite for these products
Rolling over again....The Russel is in bad shape, perhaps a bounce is due.
Still, second-quarter data also provides glimmers of hope that Spain’s unemployment rate may be close to peaking. Job losses in the quarter were a meager 15,900, compared with 870,000 in the previous three quarters, and the number of foreign unemployed fell by 59,700 from the first quarter.
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