EMOTION MOVING MARKETS NOW: 11/100 EXTREME FEAR

PREVIOUS CLOSE: 11/100 EXTREME FEAR

ONE WEEK AGO: 9/100 EXTREME FEAR

ONE MONTH AGO: 25/100 EXTREME FEAR

ONE YEAR AGO: 37/100 FEAR

Put and Call Options: EXTREME FEAR During the last five trading days, volume in put options has lagged volume in call options by 25.60% as investors make bullish bets in their portfolios. However, this is still among the highest levels of put buying seen during the last two years, indicating extreme fear on the part of investors.

Market Volatility: EXTREME FEAR The CBOE Volatility Index (VIX) is at 19.14, 34.83% above its 50-day moving average and indicates that investors are concerned about the near-term values of their portfolios.

Stock Price Strength: EXTREME FEAR The number of stocks hitting 52-week lows is slightly greater than the number hitting highs and is at the lower end of its range, indicating extreme fear.

PIVOT POINTS

EURUSD | GBPUSD | USDJPY | USDCAD | AUDUSD | EURJPY | EURCHF | EURGBP| GBPJPY | NZDUSD | USDCHF | EURAUD | AUDJPY 

S&P 500 (ES) | NASDAQ 100 (NQ) | DOW 30 (YM) | RUSSELL 2000 (TF) | Euro (6E) |Pound (6B)

EUROSTOXX 50 (FESX) | DAX 30 (FDAX) | BOBL (FGBM) | SCHATZ (FGBS) | BUND (FGBL)

CRUDE OIL (CL) | GOLD (GC)

 

MEME OF THE DAY – IT’S THE JERKS

 

UNUSUAL ACTIVITY

IDTI Vol weakness SEP 19 PUT ACTIVITY @$1.25 on offer 4500+ Contracts

SLB SEP 80 PUT ACTIVITY @$1.31 on offer 4000+ Contracts

PYPL SEP WEEKLY4 PUTS on the BID @$1.35 3700 Contracts

SPLS DEC 15 CALLS on the OFFER @$.90-.95 6000 Contracts

SEMI - CEO Purchased $300k+ total

AVHI Director Purchase 1,920 @$ 13.9989 Purchase 1,280 @$13.99

More Unusual Activity…

 

HEADLINES

 

Greek PM Tsipras resigns, calls snap elections

US Philly Fed Business Index (Aug): 8.3 (est 6.5; prev 5.7)

US Existing Home Sales (MoM) (Jul): 2.0%% (est -1.20%; prev rev 3.0%)

US Leading Index (MoM) (Jul): -0.2% (est 0.20%; prev 0.60%)

US Initial Jobless Claims Aug-15: 277K (est 271K; rev prev 273K)

US Continuing Claims Aug-08: 2254K (est 2265K; rev prev 2278K)

US EIA Natural Gas Storage Change (Aug): 53 (est 59; prev 65)

US Commercial Paper Outstanding (SA) (19 Aug): -$1.8bn

CA Wholesale Trade Sales (MoM) Jun: 1.30% (est 0.90%; rev prev -0.90%)

ECB Nowotny: No signals for early QE end, dismisses idea of FX wars

Bank Of Spain bends ECB rules to favour own banks --HB

SNB's Jordan: SNB prepared to intervene in CHF if necessary

M&A: Visa In $21bn Bid To Merge US, European Units

M&A: Valeant pays $1bn for women's libido drug

Fitch: China's capital injections support policy banks, economy

 

GOVERNMENTS/CENTRAL BANKS

US Commercial Paper Outstanding (SA) (19 Aug): -$1.8bn

Allianz's El-Erian: Fed missed earlier chance to hike rates --Rtrs

Liberty St Econ: The Evolution of Workups in UST Securities Market

ECB's Nowotny: There is no signal for early end to QE --FXStreet

ECB's Nowotny dismisses 'currency wars' talk --Rtrs

ECB: E155m Borrowed Using Overnight Loan Facility, E157bn Deposited --Livesquawk

ECB: EZ Excess Liquidity Fell To E471.705bn From E472.92bn

Bank Of Spain bends ECB rules to favour own banks --Handelsblatt

SNB's Jordan: SNB prepared to intervene in CHF if necessary --FoerxLive

France's Hollande: Tax cuts will come with higher growth next year --Rtrs

GREECE

Greek PM Tsipras to resign, calls nsap elections --Tele

ECB confirms Greece payment received --Livesquawk

EC signs 3yr ESM stability support programme for Greece --EC

Greece Authorizes $3.6B Payment on ECB-Held Bonds --BBG

GEOPOLITICS

North And South Korea 'Trade Artillery Fire' --Rtrs

UK to reopen Tehran embassy --Sky

FIXED INCOME

UST to auction $26bn 2s, $35bn 5s, $29bn 7sm $13bn 2y FRN --Livesquawk

Bankrate: US Mortgage Rates Rise, Boosted By Improved Housing Market --Bankrate

Apple releases Kangaroo guidance --IFR

FX

USD: Dollar slips as Fed rate hike hopes recede --Rtrs

EUR: Euro rises to 7-week peak against dollar --FT

CHF: SNB's Jordan: SNB prepared to intervene in CHF if necessary --FoerxLive

CHF: Swiss EconMin: CHF Should Move Towards 1.22 Vs Euro, Hopes Will Weaken Towards 1.10

CNY: IMF decision rattles China's yuan --WSJ

CNY: ECB Nowotny: Yuan Drop Sign of Slowing Growth, Not FX War

EMFX: EM currency turmoil escalates --FT

ENERGY/COMMODITIES

CRUDE: WTI futures settle 0.8% higher at $41.14 per barrel --Livesquawk

CRUDE: Brent futures settle down 1.2% at $46.62 per barrel --Livesquawk

CRUDE: US EIA Natural Gas Storage Change (Aug): 53 (est 59; prev 65)

CRUDE: Rigzone: Some offshore rigs being bid at break even rates --BBG

CRUDE: Mexico hedges 2016 oil exports at $49 a barrel --FT

WEATHER: Hurricane Danny named as first major storm of Atlantic season --Guardian

METALS: Gold breaks above $1150; highest since July 15 --CNBC

EQUITIES

M&A: Visa In $21bn Bid To Merge US, European Units --Sky

M&A: Valeant pays $1bn for women's libido drug --FT

M&A: Zurich Insurance drafts Evercore in RSA pursuit --FT

M&A: United Tech in talks to buy Nortek --WSJ

TRADING: FTSE 100 falls into correction territory --FT

TECH: Twitter falls below IPO price --BI

TECH: Gartner: Worldwide Smartphone Sales Recorded Slowest Growth Rate Since 2013

BANKS: FDIC sues Citigroup, 2 other banks over soured mortgages --Rtrs

UTILITIES: RWE To Replace Head Of British Unit --Rtrs

MEDIA: Netflix slumps amid broad media selloff --MW

EARNINGS: Sears reports first quarterly profit since 2012, sales still tumble -Rtrs

REGULATION: US senators urge recall of all autos with Takata airbags --BI

COMMODS: Moody's downgrades ConocoPhillips' unsecured ratings to A2, stable outlook

EMERGING MARKETS

Fitch: China's Capital Injections Boost Support For Policy Banks, Economy

El-Erian: Seeing a classical overshoot, starting in emerging markes --CNBC