PrometheusCHT

PrometheusCHT

China Vanke's bonds are blowing up, a highly respected company in China's real estate sector. As a result of collapsing liquidity, PBoC are supporting it via reverse repo injections, the financial plumbing way of saying they're keeping the water running. Looks like we may see what a credit crisis looks like in a closed economy.

PrometheusCHT

Interesting data given the slowdown.

PrometheusCHT

I thought this was interesting data, so I thought I'd share for future reference. Particularly seeing as there seems to be a slowdown in the growth rate of active apps.

PrometheusCHT

This is the HG1!-HG2! with the continuous copper front month overlaid in white. Just playing with the +/- spread charts and curves to get better at this platform.

PrometheusCHT

Green means growth is outperforming, red means value is outperforming...

PrometheusCHT

Put this together simply to visualise S&P realised vol against gold vol, it seems gold tends to realise slightly more, at least in the present regime.

PrometheusCHT

Historical Vol is red, Implied Vol is orange.

PrometheusCHT

Normalised charts give a lot richer insight into intermarket relationships than do the double Y-axes charts, as they don't auto-calibrate for the ratio of price moves between two assets and by doing so, don't show faux-correlations. In the case of the copper gold ratio and the 10 year, this is certainly clear in the current regime.

PrometheusCHT

A potentially looming correction in the S&P 500 Futures on a timing model's basis... I won't short, but I will potentially cover.

PrometheusCHT

After an improbable 13 down day streak, Silver is looking certain to break support. Originally GDX was leading the metals down, now the rest of the metals complex appear to be "catching down" as @mark_dow highlights. I have been short for some time as I prefer to sell highs when bearishly inclined, nevertheless, this could suggest a further extension... Which...

PrometheusCHT

I'm short from ~$17.96 and looking for an ideal exit or price target.

PrometheusCHT

As history has shown, our vol model signalled just before the outsized move.

PrometheusCHT

Intraday the level looks like a reasonable entry...

PrometheusCHT

A few factors looking very bearish here!

PrometheusCHT

The whole metals complex looks to be rolling over, the false break-out and falling momentum are rather bearish signs.

PrometheusCHT

As real rates rise, the probability of gold having topped increases significantly

PrometheusCHT

Emerging Markets has made a false break as the Trump train reversed, but as DXY has found support, it seems most likely this is an ideal entry to play EM back towards the middle of its range!

PrometheusCHT

Platinum has roared through resistance at the edge of its recent distribution (as observed in the distribution on the left axis). Some of the classicists might call it an inverse head and shoulders. Whatever the pattern interpretation, it looks particularly bullish!