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The 3:30 PM Equity Ramp Courtesy Of a JPY-EUR Carry Trade Near You

Tyler Durden's picture





 

3:30 pm. To the dot. An underfunded SEC is happy to see computerized HFT tulipmania back in charge of the market.

 


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Thu, 09/03/2009 - 15:59 | Link to Comment zeta
zeta's picture

As scheduled.

Fri, 09/04/2009 - 02:56 | Link to Comment Spartacus
Spartacus's picture

Payrolls will surprise all of us(me included). GS knows the number. It is better than expected. The next leg of bull rally has started. No worries, as I told you earlier "everybody has been bought over". Only the judges are left. Look at that psycho Tim.he has started playing the game ,too.

Thu, 09/03/2009 - 16:00 | Link to Comment TraderMark
TraderMark's picture

Color me surprised (and shocked)

First time I've seen this, hold on - calling Mary S.

Thu, 09/03/2009 - 16:03 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

Stunning how obvious it is. Of course, there is enough plausible deniability out there for the SEC is say "Move along, nothing to see here."

Thu, 09/03/2009 - 16:04 | Link to Comment RobotTrader
RobotTrader's picture

20-day EMA Shakedown and Fakeout.

Courtesy of Goldman Sachs Prop Desk.

Thu, 09/03/2009 - 16:21 | Link to Comment Fruffing
Fruffing's picture

Robo, the GSG commodity ETF has been out of sync with the underlying commodities today (exc beans), and a very nasty dip in the morning.   Anything make sense to you?

Thx

Thu, 09/03/2009 - 16:37 | Link to Comment Anonymous
Fri, 09/04/2009 - 12:06 | Link to Comment darkness (not verified)
Thu, 09/03/2009 - 16:06 | Link to Comment vicelord
vicelord's picture

Right over the 100.565 pivot point on SPY - doesn't get any more technically bullish than that.  What.  A.  Coincidence.

Thu, 09/03/2009 - 16:15 | Link to Comment Anonymous
Thu, 09/03/2009 - 20:11 | Link to Comment vicelord
vicelord's picture


There are 2 pivot points on SPY calculated using the DeMark method; pivot high - $100.565 and pivot low - $99.695.

 

It is generally believed to be bullish when the price breaks out above the pivot high and bearish when it takes out the low.

 

The traders know this; but, what's obviously more important, the COMPUTERS know this.  And so you had a very obvious take out of the pivot high into the close.  Very, very obvious.  

 

They don't even try and hide it anymore.

Fri, 09/04/2009 - 08:56 | Link to Comment Anonymous
Thu, 09/03/2009 - 16:07 | Link to Comment Project Mayhem
Project Mayhem's picture

It works until it doesn't

Thu, 09/03/2009 - 16:51 | Link to Comment Anonymous
Thu, 09/03/2009 - 21:31 | Link to Comment Anonymous
Thu, 09/03/2009 - 16:07 | Link to Comment Anonymous
Thu, 09/03/2009 - 16:11 | Link to Comment deadhead
deadhead's picture

the jobs number today was pretty shitty imo.  the 4 week rolling average on initial claims increased.

 

what a phucking joke.

Thu, 09/03/2009 - 16:16 | Link to Comment Anonymous
Thu, 09/03/2009 - 16:31 | Link to Comment Assetman
Assetman's picture

More people will leave the workforce than be add through new claims, meaning that the unmployment rate will be okay.

Payrolls may be a little problematic, because we had BLS adjustments that favored the data the past few months.

Still, there's enough room to fudge these numbers to placate the masses.

Thu, 09/03/2009 - 16:11 | Link to Comment Anonymous
Thu, 09/03/2009 - 16:21 | Link to Comment deadhead
deadhead's picture

the pattern WILL change and the market will inflict pain. 

Thu, 09/03/2009 - 16:12 | Link to Comment buzzsaw99
buzzsaw99's picture

The market is growing green sprouts out its butt.

Thu, 09/03/2009 - 16:15 | Link to Comment 3greenlights
3greenlights's picture

Buzz, I believe the new term is "tulip." Tyler - good one with "tulipmania".

Robot - classics posts!

Thu, 09/03/2009 - 17:04 | Link to Comment buzzsaw99
buzzsaw99's picture

This market can plant tulips on my :censored:

Thu, 09/03/2009 - 16:12 | Link to Comment Anonymous
Thu, 09/03/2009 - 16:23 | Link to Comment deadhead
deadhead's picture

I believe it is virtually guaranteed that unemployment benefits will be extended again....

Thu, 09/03/2009 - 16:13 | Link to Comment Anonymous
Thu, 09/03/2009 - 16:17 | Link to Comment RobotTrader
RobotTrader's picture

Never underestimate the shopping mania of these young girls, all attempting to get "dolled up" to snag a future husband who has "billions under management"....

LOL..

Thu, 09/03/2009 - 17:02 | Link to Comment Bankster T Cubed
Bankster T Cubed's picture

totally

Thu, 09/03/2009 - 23:59 | Link to Comment Anonymous
Thu, 09/03/2009 - 16:18 | Link to Comment Marshal Ney
Marshal Ney's picture

I was actually frightened yesterday when we had no ramp up. It was like a solar eclipse... I was ready to sacrifice a virgin or something.

Thu, 09/03/2009 - 16:27 | Link to Comment Cheeky Bastard
Cheeky Bastard's picture

hahahahahahahaaaaahahah + 10

Thu, 09/03/2009 - 18:13 | Link to Comment Anonymous
Fri, 09/04/2009 - 00:14 | Link to Comment molecool
molecool's picture

Well, lucky for all of us I did :-)

Thu, 09/03/2009 - 16:20 | Link to Comment Bearish Spirits
Bearish Spirits's picture

What a rip.  Try predicting that using TA.  The only way to see that coming was to look around and observe everything but the junk stocks having PATHETIC volume.  It's the same slow ramp-up technique we've seen this whole rally.  Noticed the big stick save late in the day when the market fell out of the upward channel.

They saved the market yesterday with the ridiculous bounce early in the day and are now positioning to try to power through 1014 again if the unemployment report is great.  Makes me sick. 

So I take it they were unable to justify driving the Euro up any higher against the dollar and decided to switch currency carry trades in their comps.  Beautiful.

Thu, 09/03/2009 - 16:23 | Link to Comment thegreatsatan
thegreatsatan's picture

like they don't know what the unemployment number is well in advance. Mortimer Duke wants his dollar.

Thu, 09/03/2009 - 16:20 | Link to Comment thegreatsatan
thegreatsatan's picture

i scrath your back, you scratch mine. how long can that play out

Thu, 09/03/2009 - 16:28 | Link to Comment walküre
walküre's picture

The only thing they cannot explain away is the heavy volume in gold and gold stocks.

Miners are being bought as if they were banks! Oh no!

Something's up and it's not the confidence in the USD.

How is this going to play out next two months, I wonder?

The massive FLIGHT INTO QUALITY will not stop and they may wonder, where have all the bond shoppers gone?

Dead malls, no retail, no shoppers is irrelevant compared to FAILED TREASURY AUCTIONS one after another in coming months.

Altough the gold shoot is somewhat cyclical, the heavy volume into the mining stocks including junior miners and OTC Dora the Explorer up 200% JUNK is clearly signalling a direction.

No, Ben and Timmy these are not mall weary US consumers that are on a wild and crazy spending frenzy to buy gold! Gold is not the new Iphone, Ben. Gold is QUALITY ASSET! You should try it!

 

Thu, 09/03/2009 - 16:29 | Link to Comment RobotTrader
RobotTrader's picture

Looks like the McJobs report was probably leaked out at 3:00pm.

And that fired up the Robots to start buying off the infamous "J-Lo Bottom"....

 

Thu, 09/03/2009 - 16:43 | Link to Comment walküre
walküre's picture

That would be the cover and people can use this argument to explain away the ramp job.

Fri, 09/04/2009 - 00:15 | Link to Comment molecool
molecool's picture

He sure knows how to catch my attention...

Thu, 09/03/2009 - 16:31 | Link to Comment Anonymous
Thu, 09/03/2009 - 18:27 | Link to Comment leathaface
leathaface's picture

that chart is on west coast time

Thu, 09/03/2009 - 16:34 | Link to Comment ghostfaceinvestah
ghostfaceinvestah's picture

The Fed balance sheet grew AGAIN.  Fourth week in a row.  I thought things were getting better?

Thu, 09/03/2009 - 16:37 | Link to Comment Anonymous
Thu, 09/03/2009 - 16:37 | Link to Comment Bilderberg_GS_r...
Bilderberg_GS_runsdaworld's picture

The SEC will never go after any of the TARP recipients, I can guarantee you this. They will go after bucket shops who don't contribute to this rigged market. We'll see this behaviour till they get all the fools back into this market, then they will pull the plug. It's Bilderbergs plan with the help of GS(who controls this Gov.). Mary Shapiro is filthy thug that will bend over for these crooks. mark my word, they will look away. These young idiots that work for the SEC are all worthless human beings. I don't know how they can sleep at nights knowing this rigged market is out to destroy every investor....BTW, I will never touch this rigged market. Cash is great. F_ck the Bilderberg's, GS and this monkey Gov.

Thu, 09/03/2009 - 16:38 | Link to Comment jcmoney
jcmoney's picture

Does anyone know the % of trading days these cat's have ramped the market over the last 2 months? I figure at least 60%- 70% of the time. Anyone know for sure?

Fri, 09/04/2009 - 00:17 | Link to Comment molecool
molecool's picture

Sounds about right yeah - based on what I've seen...

Thu, 09/03/2009 - 16:43 | Link to Comment RobotTrader
RobotTrader's picture

Once again, Citigroup is the No. 1 top traded Lotto Ticket being gunned after hours, over 7 million already.

Gamblers cannot wait to jump on the junkers.....

Thu, 09/03/2009 - 16:55 | Link to Comment Anonymous
Fri, 09/04/2009 - 01:16 | Link to Comment Anonymous
Fri, 09/04/2009 - 12:06 | Link to Comment darkness (not verified)
Thu, 09/03/2009 - 17:00 | Link to Comment slore
slore's picture

can anyone give me a rundown of how the jpy-eur run up affects SPY?  is this just because robots are just running both up, or is one causing and one affected?

Thu, 09/03/2009 - 17:15 | Link to Comment Bankster T Cubed
Bankster T Cubed's picture

intraday most especially, selling of the yen/usd or buying of the euro/usd results in "monster-size" buying of the S&P 500.   Nothing affects the movement of the S&P 500 to the degree that moves in these currencies do.  The control mechanism used by "the banksters" who manipulate the broad market seems to be tied to the need to exchange market-moving amounts of currency.   Watch it for a couple of days.   You'll see how obvious it is that the broad market is totally manipulated by "somebody", clearly not "1000 bots" - more like one.

Thu, 09/03/2009 - 17:44 | Link to Comment Anonymous
Thu, 09/03/2009 - 23:05 | Link to Comment Bankster T Cubed
Bankster T Cubed's picture

just telling you what I see, all day long, day in day out.   Feast your own uninformed eyes upon it tomorrow...and the next day, and the next.   Is it nonsense?  absolutely.  But it is truth.

Fri, 09/04/2009 - 08:51 | Link to Comment Anonymous
Thu, 09/03/2009 - 17:24 | Link to Comment Anonymous
Thu, 09/03/2009 - 20:20 | Link to Comment mkkby
mkkby's picture

Well, you certainly didn't explain why SPX has anything to do with the currency trades.  What is the connection?  And you say it's exploitable, yet they appear synchronized.  So how is that a tradable edge?

Thu, 09/03/2009 - 22:48 | Link to Comment Anonymous
Fri, 09/04/2009 - 09:40 | Link to Comment Anonymous
Thu, 09/03/2009 - 17:38 | Link to Comment Anonymous
Thu, 09/03/2009 - 17:56 | Link to Comment Budd Fox
Budd Fox's picture

It was so bloody evident ystrday!!!

S&P Futures ramped up to show a +0.80% opening...then the plunge 'cause nobody bought that shitty tale.

Then volumes thrown to 5 junk bankrupt banks stocks and the ETF to ramp it back above 1000...psyops and plunge riggin team at work!!!

 

U r right, u could just stop watchin and buy ETF between 3 and 3.30 and sell on close...surefire paper worthless gains!!

Thu, 09/03/2009 - 18:03 | Link to Comment Anonymous
Thu, 09/03/2009 - 18:41 | Link to Comment walküre
walküre's picture

+100

Thu, 09/03/2009 - 18:09 | Link to Comment Anonymous
Thu, 09/03/2009 - 21:34 | Link to Comment Translational Lift
Translational Lift's picture

Yea.......If you have purchased gold I recommend you take delivery too....the music is starting to wind down....

Fri, 09/04/2009 - 05:11 | Link to Comment FreddyInBangkok
FreddyInBangkok's picture

perfect ... a commie gub sponsored vault. just the place.

Thu, 09/03/2009 - 18:18 | Link to Comment Anonymous
Thu, 09/03/2009 - 18:39 | Link to Comment Anonymous
Thu, 09/03/2009 - 20:16 | Link to Comment Anonymous
Fri, 09/04/2009 - 07:19 | Link to Comment Ned Zeppelin
Ned Zeppelin's picture

well said, Billy Bob.  There is no "market" in the sense of a free exchange among traders, it's all manipulated every single day.

No big moves until after Labor Day BTW - these are just the preliminary tremors, some folks who got the memo but decided to ignore their Masters and jump the gun. Not a big deal to overcome those slight imperfections in the plan, as a certain amount of greed in the gun jumpers was expected and planned for.  Will be curious to see who bails before Labor Day.

Fri, 09/04/2009 - 08:34 | Link to Comment gmak
gmak's picture

IN spite of the ramp up at day's end, the market is looking tired. It is not rallying big on good news.

Sometimes, when I'm lying awake at night I wonder, "Does skynet fear the long week-end?", and "Do Androids dream of electric sheep?".

In other words - what will happen as positions are squared into the long week-end? I'm expecting a sell off at the end of today, but I'm just not sure.

 

Fri, 09/04/2009 - 12:06 | Link to Comment darkness (not verified)
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