Critical 55-DMA Support About To Be Taken Out

Tyler Durden's picture

Keep a very close eye out on the 55 DMA. As John Noyce pointed out over the weekend, this is the most important support level for the S&P, which has been above the 55 DMA for about 132 consecutive days. Should this be taken out, and we are about 1 point away from it, the freefall below it (at least for those who believe technical analysis) will make a few heads spin. Next support: 1,174.

As a reminder, here is why the 55 DMA is so critical: something lik 132 consecutive days above it.


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CPL's picture

I have three consoles running here.  WTF is going on at the markets right now.  Is it halted?  Numbers from all three subscription feeds are fucked up.

CPL's picture

Anyone else noticing that the baords are all screwed up right now?

CPL's picture

I think they just halted the markets.  Can't pull any quotes now.

fuu's picture

I think it was just a data feed error/obfuscation.

French Frog's picture

it's always a good idea to have data feeds from at least 3 different providers, ideally each located on a different continent; i did notice a 5 seconds glitch on my US feed but my european and asian ones were completely unaffected

Catullus's picture

My orders won't fill. Totally fucking liquid.

CPL's picture

Same here.  TD, Think or Swim and eTrade are locked.

gmrpeabody's picture

My order went thru ok on a small account in Fidelity.

Josh Randall's picture

Is it snowing in your office ? Is today a school holiday ?

malikai's picture

Everything's crazy right now. Are nukes flying?

CPL's picture

Something is going on.  Can't find anything though.  network problems again between point A and B maybe


TNA would have been a good play today with the big drop on open though.  Oh well.

Bob's picture

Great day for TZA, though: Pushing +8% right now.  Strange, with oil falling on a stronger $; it doesn't appear that the correlations are holding. 

CPL's picture

Agreed, considering what TZA represents, the market is hardly a bastion of sanity anymore.

Birddog's picture

my charts seemed to pause a bit...thought it was my connection

CPL's picture

Weird, even Forex isn't updating.  Usually the morning open and the USD/CDN is jumping around like a six year old after drinking a redbull.


It's like everything is out of sync...if that makes sense.

chistletoe's picture

I was able to close out my GM short.


You guys must be trying to sell.

They will accept buy orders, just not sells....

Cognitive Dissonance's picture

The Fed will just double down on the POMO over the next few weeks. Remember that we're expecting the new schedule later today. Let's see if it's front loaded.

Dr. Richard Head's picture

Exactly.  Technical, schmecnical.  Benny gots this.  We all need to go buy some C, BAC, AMP, AMZN, and AAPL.  This is a great Fucking Dip to Buy. 

SWRichmond's picture

No, they're going to "exit" soon, remember?  Can't you get your story straight?

Fed Gives Markets Clues on Exit From Unprecedented Easing

Remember, we have a strong dollar policy.  We give it lip service everytime we need to or think we can get away with it.

Cognitive Dissonance's picture

Maybe I should just close my eyes and randomly hit stock symbols and the "buy" and "sell" buttons. Or get the monkey suited up to play "Stock market shoots and ladders" like back in the 90's.

RoRoTrader's picture

That is a very astute observation and right off the 55.

gordengeko's picture

Looks like there was a reason for that tremendous volume in TWM lately.

Tulli's picture

Price target: 1.190 area, before the end of March, then another run up.

X. Kurt OSis's picture




Johnny Lawrence's picture

Why is the 55 so important, when it appears the same is true for the 50 DMA?

Cognitive Dissonance's picture

Because the double nickel was institutionalized back during the OPEC oil embargo and gas shortages of the 70's. This is why the young traders are ultimately gonna get monkey hammered. They don't know about CB radios and "breaker breaker one nine", critical info to have in today's market.

lilimarlene1's picture

Only get half of that, but the half I got was damned funny.

RockyRacoon's picture

10-4 Good buddy.

Ooops, that wasn't so cool was it?

Henry Chinaski's picture

Looks like it hung up at 1299 for a while and recovered. Trading day is over now, but not too late to BTFD.

Joeman34's picture

Yeah, who still believes technical analysis is worth a sh*t???


We'll probably close green today...

mynhair's picture

I'll believe it when AAPL goes under $300.

mendigo's picture

maybe pimpco is positioning to by the dip

maybe its on

Boilermaker's picture




RockyRacoon's picture

Yeah, getting all evangelical might work:  Pray for some help.

But the cavalry might "save" you instead.  Go, Custer.

Sudden Debt's picture

looks more like the november patern to be repeated to me...


CPL's picture

Yup.  Going to make a coffee and see what this looks like in an hour.  Can't trade if I can't buy anything.

CPL's picture

Don't hold anything longer than a couple of hours these days.  All my positions are closed as of yesterday at around 1:30.  Holding anything longer than a couple of hours is a good way to get killed trading.

Bansters-in-my- feces's picture

Wow.....Nice.....Manipulation in a picture.....
Frame it on up.

X. Kurt OSis's picture
As reported on Bloomberg: Dimon, Pandit, Blankfein, Ackermann Join Kremlin Advisory Board

I almost thought this was a joke...

AN0NYM0US's picture

+1 great find


The article even looks like a fake with that mug shot of Lloyd - Amazing



gmrpeabody's picture

You couldn't make this sh_t up.....

It's very telling.

Only problem is, I don't know what it's telling me.

RockyRacoon's picture

They're buying up the whole country.  They have to go somewhere when they see the torches and pitchforks coming down the road.   New heli-pad installed on the roof of the Fed building to get them outta Dodge in a hurry.  Russia will welcome them as liberators, Cheney says so.

dark pools of soros's picture

did all the Bolsheviks ever leave?

RockyRacoon's picture

Don't know... don't care.  My Russian is rusty.   I lied, it's non-existent.

X. Kurt OSis's picture

I can't get over this. Our TBTF bankers teaching a former communist country how to centrally plan the economy. We are through the looking glass... This is how deep the rabbit hole goes.

Henry Chinaski's picture

Brilliant!  Whose idea was that and what took them so long to figure it out?

Ruskies play hardball and those guyz better hire food testerz. 

johnnymustardseed's picture

FED  will go long tomorrow