Hot Links: Slaughtered at Resistance

Stuff I’m Reading this Morning…

Are buy-stop orders placed on the major indexes the reasons bears keep getting slaughtered at resistance lines? Fascinating!  (PriceActionLab)

European PMIs – especially French and German – were atrocious. Should be good for a 700 point Dow rally today.  (ZeroHedge)

Turns out that the Yen is the true safe haven, most uncorrelated to stocks. Which is scary when you consider how heavily shorted it is right now.  (AllStarCharts)

To Beat Amazon, Walmart Is Treating Its Stores Like Apps  (Wired)

The Iraq War turns ten – here are the numbers:  (ForeignPolicy)

Janet Tavakoli destroys the idiocy of the new “WSJ Money” section.  (HuffPo)

Vanity Fair’s in-depth profile of Citigroup-loving Prince Alwaleed dives deep – does he really toss dwarves in his spare time?  (VanityFair)

YouTube just broke 1 billion unique users this month!  (TheTell)

So you want to innovate and disrupt finance? Here is an excellent rulebook:  (Forbes)

Don’t miss The Takeaway, my daily linkfest for financial advisors (InvestmentNews)

REMINDER: Backstage Wall Street is now on Kindle!

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