S&P Futures Break 50DMA

Tyler Durden's picture

With AAPL sat just above its 100DMA, unable to hold gains this morning, the S&P 500 futures have just broken below their 50DMA for the first time since July 25th. The Bernanke-Spike has gone and now the Draghi-Dagger comes into focus... as financial earnings fail to spark another hope-driven rally. From the day before Draghi's spike, the VWAP (volume-weighted average price) for S&P 500 futures is 1444.5 - so on average in aggregate buyers are now losers.

S&P 500 futures are trading at the 50DMA for the first time since 7/25...



Medium-Term - ES has pushed down to a lower trend line...


and Short-term - As Bernanke's knee-jerk has been dismissed - leaving Draghi's dream-spike left...


With AAPL seeing what looks like institutional selling pressure - given the VWAP orders - and not just short-selling neophytes as some might suggest...

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fuu's picture

Don't forget to buy the dip in Silver!

HelluvaEngineer's picture

Good idea, but I'm waiting for a bigger dip.

slaughterer's picture

+32, but 33.45 has been recent support.

knukles's picture

Say it ain't so, Joe.
Er no, not that Joe.

Now where's that hockey stick for today's save?

fuu's picture

Fuu said: "$32.78-$33.50 and $1691.95-$1727.57 sounds like hopium."

Slaugterer said: "They were $26 and $1550 just a few weeks ago.  "


Nice call on the 3-5%, in Silver at least.

max2205's picture

Buy the dip, more QE, buy low sell high, be greedy, fuck other peoples money, get out first, buy the roumor sell the news, buy ratings downgrades, buy weakness, sell strenght, 4 year cycle....huh...it's been 4 years...hummmm

B-rock's picture

They'll (the Bastards) push it up near VWAP for the close.

JeremyWS's picture

Trading platform in the top chart?

Dr. Engali's picture

We can't be having that. I thought Ben was buying TFD? Where has the PPT been? Yucking it up with joking Joe Biden?

fonzannoon's picture

i wonder if he is buying and this is the best he can do today

Dr. Engali's picture

I don't know..it could be although I would think we would need heavier volume to overwhelm him.

HelluvaEngineer's picture

Bullish for Brimstone

SmallerGovNow2's picture

What the hell is going on with gold this week Sir Tyler?

SeattleBruce's picture

At some point, it's going to de-couple from all this mess....

a growing concern's picture

That little double top looks similar to last year right before the downgrade and ensuing roller coaster ride.  One can hope, right?

Bay of Pigs's picture

Im looking forward to another FarceBerg/FacePlant post. Free Falling bitchez...under $10 by Christmas

  • October 14th: 249 million shares, 9% of shares outstanding.
  • November 13th: 1.332 billion shares, 49% of shares outstanding.
  • December 13th: 124 million shares, 5% of shares outstanding.

    Read more: http://www.businessinsider.com/facebook-lockup-release-2012-8#ixzz296mHrpbD

  • SeattleBruce's picture

    Wow, that's a LOT of insiders to try to take care of, and that are worrying about "their" stash of FB dough.  The stock's gotta move down as you say.  How will they spin it the Faceplant in their annual statement - 'no where to go but up?!'  Kind of sounds like the team Obammy spin on the economy!

    slaughterer's picture

    Primary dealers that are selling their MBS junk to Ben are just usign their profits to buy more MBS junk to sell to him later, in an infinite circle.  They are not buying AAPL et. al.  Ben's wealth effect is not possible in this round of QE. Need to wait for the next one, sorry.  

    fonzannoon's picture

    stawks flat metals hammered. another good day in the books.

    dannyboy's picture

    Primary dealers are going to buy Treasuries with the MBS purchase money offloaded from the fed, not further MBS's. The fed is using the PD's as a way to wash the treasury market and maintain lower rates, aka next round of can kicking.

    firstdivision's picture

    So who will win, Obama pushing it up, or Romney's friends pushing it all down?

    Cursive's picture

    This can't happen!  This can't happen!  The Fed!  WTF!  It can never go down again!  How is this possible!  Central planning always works!  I was told to BTFD!  This can't happen!  Rumpelsteltskin!

    Go Tribe's picture

    Quick Joe, more smiles!

    yochananmichael's picture

    But, but consumer confidence is at an all time high!

    LongSoupLine's picture

    yep, funny when you consider mutual fund outflows (see: "consumers") just had a record drop.

    jtz5's picture

    There should be continued selling through the end of the year to lock in at lower capital gains tax that will expire with fiscal cliff.  Can anyone with TA experience chime in on S&P support levels?  One guy I follow says S&P 1260 is in the cards soon.

    walküre's picture

    10 IPOs coming to the market soon.

    How's that for 'all time worst timing'? Is there an award for that other than a Darwin award?

    Quinvarius's picture

    The thesis remains bullish.

    Silversem's picture

    An ultra fast tradingplatform, my finger on the trigger.... break or bounce, I will make money either way. 

    AvoidingTaxation's picture

    Zynga was the short for 2012.

    What is the next?

    Jack Sheet's picture

    I use the 43.657-day and 92.25-day double-exponential reciprocal harmonic moving averages myself, but only when Venus is in conjunction with Uranus, and there has to be a double-schlong candle formation to confirm the trade.

    IMA5U's picture



    we're doomed


    the bears are out and they will eat you!!!!!

    orangegeek's picture

    The SP500 daily closed below channel support today.




    Could be the start of the big turn down.  A weekly chart will show bigger picture.