Friday -- To The Moon As Atlas Shrugs

S&P E-mini Futures:
Flat. Even as tech blows out.

Markets:
Asia and Europe mixed. Yields higher around much of the world.

Mood:
The Drudge Sociometer may have nailed another one.

As mood skyrockets, so has the number of tech-funded space projects, giving us something of a stratosphere alert, last seen when Vogue touted its biggest ever September issue in 2012:

"What you have in your hand now is the biggest in the magazine's history. As we have grown in size, so our reach has expanded across new media, to the Internet and beyond. This month, we take you not only into the ateliers of New York but to a facility building spaceships that will soon carry passengers into orbit. Our voyage over the next horizon awaits."

That marked Vogue's high-water mark.

What might this list signal?

Larry Page's Planetary Resources
Sergey Brin's secret airship
Richard Branson Virgin Galactic
Jeff Bezos' Blue Origin
Elon Musk's SpaceX
Apple's "spaceship" campus
China's Moon Base
"Pentagon ramps up space warfare effort"

'Roid Race

Why Is Sergey Brin Building A Secret Airship?

Anything to do with euphoria?

SPX/VIX ratio chart in stratosphere

Active investing is dead. Long live passive index investing. Everyone is a trend follower now. Tastyworks is the first brokerage devoted entirely to premium selling.

All while Atlas shrugs.

FX:
Calm returns. EUR stronger even as Draghi keeps stimulus untouched, JPY weaker.

Treasuries:
Yields higher, prices lower, joining a worldwide theme today.

Energy:
WTI crude and NG higher.

Metals:
Higher across the board.

S&P Outlook:
NDX advancers/decliners have been slowly fading since September 2015 as NDX may have just put in a small third wave peak. A short, fourth-wave pullback and a fifth and final wave to a top could follow.

If so, the S&P and Dow will surely play along in some fashion, possibly confirming or not confirming the NDX moon shot.

With the S&P too, a small fourth wave correction looks needed. Wrong below 2361.37.

Well pleased with the timing aspect of this chart. VIX is still in the buy zone. Option premium is in the buy zone. Social mood is in the sell zone.