The collision of global markets and social mood

Friday, May 19, 2017

Friday -- Bitcoin's World, SPX ABC

S&P E-mini Futures:
Continued bounce mode.

Most green in Asia (Ex-OZ & Singapore). Europe green.

Not seeing many social mood cues today other than positive mood in Europe.

Bitcoin up another 3% into the 1900s. Still unsure if it marks animal spirits or banking stress. Seems to be entering a world of its own where nothing matters other than its own momentum.

Another rough morning for USD, but possible buying opportunity.

CHF & JPY still flashing red.

Prices digesting recent rips.

WTI crude and NG continue to ride the latest boost, both up over 1%.

Weird action as a group. Gold & palladium flat to +/-. Silver, platinum, and copper showing relative strength to the upside.

S&P Outlook:
All the tell tales of an ABC thus far.

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