finally, the chart of the cboe we see a very similar trajectory cboe got slammed in late july.did they took it on the chin, okay but then the stock just a couple bucks away just went right back. lang likes it mid a consistent pattern of higher highs and higher lows. you see that that's the dicey moment that bounces off the 50-day which is powerful this is what charts are looking for. the stock climbed and heavy money flow the mack d is extremely positive there you go as is the relative strength of the rsi. i got everything at you. that's another crucial indicator. the cloud trending higher. what is not to like? cbo made the gold man cross. where the short-term 50-day moving average crosses above the 200-day. that is the holy grail for chart watchers any money manager will plow into a stock that does this, okay which explains why it's up 20% since then the stock has more upside. yes. but with cbo trading at 120, he would like to see a pull back from 115 to 118. too much above the average to pull the trigger here is the bottom line, people. the chart is interpreted by bob lang su

we know the vix for equities, cboe has a ten year vix as well. an elevated levels that we haven't seen since february of 2018 even though it has come off a bit, especially come off some of its intraday levels from earlier in the week. but unlike stocks, you get a vix ty vix move option vol in treasuries, normally for downside in price, upside in yields that's where you used to get horsepower not anymore. it is in both directions and with all the buying driving rates down, being a nervous feedback loop, it is especially exaggerated the vix on this one. if we look at the yield curve, it had major flattening. some of it came in big bursts. we're at the flattest on a closing basis since 2007, 12 years. italy, bob mentioned it ten year, popping the upside quickly, dollar index for the week, steady eddie after it gave up ground earlier in the week. jim and david, back to you. >> rick, thank you rick santelli there. >> i keep thinking about the uber. >> funny you keep thinking about it i wanted to reference it as well we'll play a minute of it. >> just

one sector benefiting from the volatility, stocks and future and options exchangers cboe, new highs as the volume ramps up investor sentiment has been horrible this week we see new lows for the year, bearish of the aaia survey that's normally 30%, scott you know as well as i do, when these get into extreme positions, that's kwrd a built on the bullish side. maybe sentiment starting to get washed out. >> bob, thanks so much. >>> how should investors digest the head on on trade, the economy and the markets. libby cantrell the head of public policy at pimco ron insana, nice to see you both libby, good to have a head of public policy on a day and a week and months when everything is being drink ven by policy. what do you do this week >> our view as it relates to china, things are likely to get worse before it gets better. our base case is you will see the president move forward with the 10% of tariffs then it's a question of do things similar her at that point or escalate. you can't rule out escalation. >> ron, if that, in fact, happens, what is the market going to look like >> i don't kno

right there, we have cboe, fear index down 18%. after yesterday, which was a crazy day. for the videogame makers and today, take-two interactive is actually moving in the opposite direction, soaring after the publisher of hits like "grand theft auto," red dead redemption, nba 2k, raised full-year guidance after several firms boosted price targets as high as 150 bucks a share. we're at 124.94. tell you where we should be, to jackie deangelis. not only high-flyer is take two, right, jackie? >> it has been volatile today. we made a comeback, 290 points on the dow. look at stocks leading the way higher. it was a broad-based selloff. you can see nike up almost 3%. cisco systems, walt disney expecting earning after the bell, seeing a nice 2 1/2% pop of the s&p five up 36 points. look at those leaders. it is across different sectors development. a gain of 13%. back to you, liz. liz: jackie, thank you. three minutes and counting, much different feel for the markets. we have madison money founder, mark madsen and mike maury are here with different perspectives. yesterday was a to

one sector benefitting from all the volatility stock and futures and options exchange cboe, home of the vick's volatility index as volumes have been ramping up. don, back to you >> well, thanks, bob it's been a wild ride for sure for the dow jones industrial average. just take a look at the moves that we've seen with this volatility remember, just on monday we saw 767-point drop as the chinese currency unexpectedly devalued another 311 points in the upside with that dip buying coming. only to fall a little bit by 22 points the next day. and then up 371 on thursday. and here we are again down fractionally overall so what exactly do you do with all of this money that you have with this volatility let's talk about it with kim force, chief investment and michael of destination wealth management kim, we'll start with you. this is a market that is still within a stone's throw away from record highs yet, we don't know exactly which way the next leg is. which way is it in your mind >> uh, i don't think it matters. i think you have to look, if you are not an etf investor but a regular stock inve

intercontinental, new high cboe, new high they own the vix indexes do you think that's active there areome people that have been benefiting from all the craziness. toronto stock exchange yesterday had numbers that were outstanding. that's also at an historic high. where are we those tariffs loom the president just said, we're not ready to make a deal yet, so new tariffs loom and a lot of people are trying to figure out, are there going to be additional tariffs on september 21st the bar is low to declare a second truce you can do that fairly easily. and i think the chances that can happen are higher than some think. some think it's pretty small i don't see a large constituency from wanting new tariffs other than peter navarro and possibly the president himself, and that's the person that really matters. a lot of moving parts, here, guys, back to you. >> let's try to make sense of them here. let's bring in jim lowell as well as tina hooper of invesco talk more about these markets. christina, let me start with you, this week we've seen, perhaps, both the benefits and the potential warnings

we just bore through and keep going after that >> hey, scott, one last thing i'd like to tell you cboe hit a 52-week high today. why is that? leverage leverage in the options world. i bring up these volumes all the time august has absolutely been on fire in terms of volumes we've had a huge year as well. so keep an eye on that as well you guys talk about diversification. where is a lot of the flows? where is a lot happening in the stock market well, it's really in the options market and trifative ativderivt look at that run spectacular. >> thank you for pointing that out. rich bernstein was on the network earlier this morning and said we're in the ninth inning sounds like you agree? >> we could be in an extra inning or two. the market has been -- >> look, tom lee says this week we're in midcycle of the bull market back up the truck is what -- >> midcycle for the secular bull market, but we're very -- we're at the tail end of a cyclical bear market. that was the call last year. i want to go back to the diversification point. it's important that the listeners understand diversification i

there was a lot of hype around the cme and cboe doing this before. those were in cash.cally settled so when the contract expires, people can collect bitcoin. that is why this was so complicated and took so long to get done. caroline: it starts in september? >> that was the news today. they just got the license to be a trust from new york state, which has been giving out virtual currency trust licenses. with that, they can launch this september 23. so that is their plan. caroline: ben bain making the complex understandable, thank you. let's have a quick look at the rest of the market. the nasdaq on a stellar run. it is all about the overall chip stocks doing well today. this is bloomberg. ♪ at comcast, we didn't build the nation's largest gig-speed network just to make businesses run faster. we built it to help them go beyond. because beyond risk... welcome to the neighborhood, guys. there is reward. ♪ ♪ beyond work and life... who else could he be? there is the moment. beyond technology... there is human ingenuity. ♪ ♪ every day, comcast business is helping businesses g