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TICK - SPX Divergence

Tyler Durden's picture





 

With cumulative TICK readings inching ever higher intraday, the S&P is ignoring what amounts to a concerted push to force stocks up. What other tricks remain up various sleeves?

 


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Thu, 09/10/2009 - 12:31 | Link to Comment Dixie Normous
Dixie Normous's picture

Despite repeated attempts by the Nas futures to rally the troops like John Belushi running out of Animal House, the S&P is holding back.  Could it be JPM?  XLF? Or just holding off until 3PM when the baton can be passed onto the Asian markets and the cycle can begin again?

Market Leap Frog.

Thu, 09/10/2009 - 12:35 | Link to Comment Anonymous
Thu, 09/10/2009 - 12:39 | Link to Comment Howard_Beale
Howard_Beale's picture

Check out the options activity in Wells Fargo OCT 24 puts...over 45000 so far today.

Thu, 09/10/2009 - 12:47 | Link to Comment mule65
mule65's picture

Several blocks at 0.60 -- Buffett buying insurance?

Thu, 09/10/2009 - 13:24 | Link to Comment blackebitda
blackebitda's picture

buffett is scared. he is all invested and may have no one to sell to as his paper wealth fades. hard for an elephant to get out of a pond with alligators circling to eat you. that is unless many elephants can stomp on them. 

Thu, 09/10/2009 - 13:40 | Link to Comment Gordon_Gekko
Gordon_Gekko's picture

Buffet and his creed are about to go the way of the dodo. Oracle of Omaha my ass - more like the Hypocrite from Omaha.

Thu, 09/10/2009 - 13:55 | Link to Comment Anonymous
Thu, 09/10/2009 - 13:45 | Link to Comment Howard_Beale
Howard_Beale's picture

even more happened in the Jan Wells puts---100000 puts sold at 20 strike, 50000 bought at 25--simultaneously. That calls for a 5 dollar range with a takeout pricewise of .35. Buffett? who knows...just a huge amount in WFC for one day.

Thu, 09/10/2009 - 13:58 | Link to Comment deadhead
deadhead's picture

wfc's balance sheet sucks imo.

they are my sleeper pick for junker of the year.

Thu, 09/10/2009 - 15:11 | Link to Comment Howard_Beale
Howard_Beale's picture

Zombie bank

Thu, 09/10/2009 - 12:44 | Link to Comment AnonymousMonetarist
AnonymousMonetarist's picture

Mr. Valentine sets the price at 1045 max .. we'll see.

2003 vintage being chilled just in case .

Fat dumb and stupid is no way to invest ...

Thu, 09/10/2009 - 14:12 | Link to Comment AnonymousMonetarist
AnonymousMonetarist's picture

 1,043.56  may be close enough for government work.

Thu, 09/10/2009 - 13:01 | Link to Comment Anonymous
Thu, 09/10/2009 - 13:10 | Link to Comment Bearish Spirits
Bearish Spirits's picture

It's responding now...to both TICK and to DXY dropping like a stone.

Thu, 09/10/2009 - 13:18 | Link to Comment Anonymous
Thu, 09/10/2009 - 13:22 | Link to Comment blackebitda
blackebitda's picture

when one has to do all the buying, the bears just let the manipulators wear themselves out. the tick against the falling tape and now against a strong demand 30 yr bond may reveal that into the close and next few days. 

Thu, 09/10/2009 - 13:35 | Link to Comment Anonymous
Thu, 09/10/2009 - 13:58 | Link to Comment Anonymous
Thu, 09/10/2009 - 16:18 | Link to Comment Anonymous
Sat, 09/12/2009 - 23:43 | Link to Comment blackebitda
blackebitda's picture

then why all the insider selling? are the $100, $200, $300 priced stocks rising? the banks are buying the bonds with their tarp money?

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