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

Tyler Durden's picture

Your rating: None

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Thu, 09/03/2009 - 15:59 | 57911 zeta
zeta's picture

As scheduled.

Fri, 09/04/2009 - 02:56 | 58430 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 | 57914 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 | 57918 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 | 57920 RobotTrader
RobotTrader's picture

20-day EMA Shakedown and Fakeout.

Courtesy of Goldman Sachs Prop Desk.

Thu, 09/03/2009 - 16:21 | 57963 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?


Thu, 09/03/2009 - 16:37 | 57998 Anonymous
Anonymous's picture

They halted share creations. Without share creations the arbitrage mechanism AP's use to keep the market price in line with the underlying basket (or swap) can not function.

Fri, 09/04/2009 - 12:06 | 58685 darkness (not verified)
darkness's picture

To be fair, plenty of firms hire an A&M and don't end up in bankruptcy.

good articles; good articles 4 slow news day ..http://www..
hat tip: finance news & finance opinions

Thu, 09/03/2009 - 16:06 | 57928 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 | 57949 Anonymous
Anonymous's picture

Would you please explain why 100.565 is a pivot point? Many thanks.

Thu, 09/03/2009 - 20:11 | 58235 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 | 58519 Anonymous
Anonymous's picture

I asked the question.

Thanks a lot for your answer.

Thu, 09/03/2009 - 16:07 | 57930 Project Mayhem
Project Mayhem's picture

It works until it doesn't

Thu, 09/03/2009 - 16:51 | 58030 Anonymous
Anonymous's picture


Thu, 09/03/2009 - 21:31 | 58300 Anonymous
Anonymous's picture

our best thinking got us here

Thu, 09/03/2009 - 16:07 | 57931 Anonymous
Anonymous's picture

So market is worried about jobs numbers tomorrow yet ramps into the close?

Hmmm more like shorters shorted during the day thinking the jobs numbers will be bad but GS gunned their stops into the close!

Thu, 09/03/2009 - 16:11 | 57937 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 | 57951 Anonymous
Anonymous's picture

Less people to pay, therefore more profits!!? lol..

Thu, 09/03/2009 - 16:31 | 57990 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 | 57938 Anonymous
Anonymous's picture

I wonder how long until it's psychological (if it's not already).. where bears are just scared of 3:30 every day that they simultaneously cover, thereby causing the rally.

Thu, 09/03/2009 - 16:21 | 57966 deadhead
deadhead's picture

the pattern WILL change and the market will inflict pain. 

Thu, 09/03/2009 - 16:12 | 57941 buzzsaw99
buzzsaw99's picture

The market is growing green sprouts out its butt.

Thu, 09/03/2009 - 16:15 | 57950 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 | 58046 buzzsaw99
buzzsaw99's picture

This market can plant tulips on my :censored:

Thu, 09/03/2009 - 16:12 | 57943 Anonymous
Anonymous's picture

Late day headlines:

--Record 35 million on food stamps

--Extended unemployment benefits will run out for 1.3 million by January

Have another Cosmo, HAL9000!

Thu, 09/03/2009 - 16:23 | 57969 deadhead
deadhead's picture

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

Thu, 09/03/2009 - 16:13 | 57945 Anonymous
Anonymous's picture

I wonder at what point (if we're not already there) this 3:30 rally is caused by bears being so scared of another 3:30 ramp up that they inadvertently CAUSE the rally by a swath of short covering.

Thu, 09/03/2009 - 16:17 | 57952 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"....


Thu, 09/03/2009 - 17:02 | 58043 Bankster T Cubed
Bankster T Cubed's picture


Thu, 09/03/2009 - 23:59 | 58381 Anonymous
Anonymous's picture

Oh snap

Thu, 09/03/2009 - 16:18 | 57955 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 | 57975 Cheeky Bastard
Cheeky Bastard's picture

hahahahahahahaaaaahahah + 10

Thu, 09/03/2009 - 18:13 | 58099 Anonymous
Anonymous's picture

GLWT---The only virgins left are but a gleam in their future daddy's eye.

Fri, 09/04/2009 - 00:14 | 58387 molecool
molecool's picture

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

Thu, 09/03/2009 - 16:20 | 57959 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 | 57970 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 | 57960 thegreatsatan
thegreatsatan's picture

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

Thu, 09/03/2009 - 16:28 | 57977 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 | 57984 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 | 58011 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 | 58388 molecool
molecool's picture

He sure knows how to catch my attention...

Thu, 09/03/2009 - 16:31 | 57988 Anonymous
Anonymous's picture

How come 12:30 = 3:30?

Thu, 09/03/2009 - 18:27 | 58121 leathaface
leathaface's picture

that chart is on west coast time

Thu, 09/03/2009 - 16:34 | 57994 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 | 57997 Anonymous
Anonymous's picture

I don't understand you guys...
if every day it's like this, stop complainig and BUY at 3:29!

Thu, 09/03/2009 - 16:37 | 57999 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 | 58004 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 | 58389 molecool
molecool's picture

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

Thu, 09/03/2009 - 16:43 | 58012 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.....

Do NOT follow this link or you will be banned from the site!