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Monster (Pre-Debate) Ramp Sends Stocks Vertical In last Hour
What can we say? All makes perfect sense: earnings dismal (worse than expected) means BTFD and if there is one lever to do that effectively given the massive over-exposure in every levered fund in the world, its AAPL. A 4% rally in AAPL - which perfectly topped out at Thursday's closing VWAP - was enough to drag stocks comfortably green by the close with a near-vertical ramp in S&P futures just to help things along. Seems like the standard pre-debate rally that we warned about last week - so let's not get too carried away by today's 'all-is-well' rally. Broadly speaking, risk-assets did not dip as hard as stocks and the ramp into the close (which as is typical) pulled stocks back up to 'fair' - but with the inevitable overshoot. While we leave up to our readers to divine the implications of such outlier moves on debate days, our only suggestion for those who have missed their opportunity to buy the central bank policy vehicle, formerly known as the S&P 500, with both hands and feet, is to wait until the next presidential debate and go all in. After all, "it's only fair" that the market will soar hours ahead of the two teleprompter-less candidates debating highly irrelevant stuff.
Standard - new normal day... heavy volume dumps, no volume pumps... ES closed above its 50DMA
which is magically the upper-end fo the Bernanke-Draghi divide...
Stocks dramatically soared this afternoon as risk assets in general drifted...
and AAPL's move perfectly reached Thursday's VWAP close (yellow line) and stalled...Biggest up-day in 5 months - which was also when the stock tested the 100DMA, selling resumed the next day... AAPL closed above its 100DMA again.
Commodities were all over the place with Oil plunging and Silver surging - even as the USD ended the day unchanged...
JPY weakness and modest EUR strength balanced to end USD at unchanged...
Charts: Bloomberg and Capital Context
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All you need to know about this "foreign policy" debate.
Go Potter!
Dare we say manipulation?
You can do a lot with $85 billion/month specifically earmarked for manipulation.
And does Harry Potter with the broom count as a stick save?
Drinking games bitchez... It's Happy Hour...
No manipulation. As authentic as Obama's birth certificate.
Any idea on what The Donald is supposed to tweet on Wednesday in regard to our illustrious president?
That he's a rump wrangler and he applied to college as a foreign student
Rump wrangler!! Now that's really funny. Best laugh I may have tonight
Market tanked 4 years ago when Mr Market realized statist Obooba would become president, and market will rise as it realizes Obooba is toast.
Something about pitching and/or catching in the back of a limo in Chi-Town?
See, this is what happens when the Boys On Liberty Street and Benji and His Ink Jets consume too much Monster drink.
Monster for Monster Rallies.
All's well.
(Can't sit still, eyes darting about, shaky fat finger hands, incessant babbling economic Horseshit from guys named Keynes and Krugman)
Even I am surprised at my earlier comment from today.....
"its the "pile in AAPL save the indexes" day.....or the "front run the end of day ramp" day.....you pick
usually it is a sure contrarian play [sarc] I didn't think anyone was listening
"Dare we say manipulation?"
You kidding I haven't seen moves like that since dancing at Crazy Rock...
I hear it's a strip joint now...
Your average sheep would identify him in this picture as Bob Barker.
...two teleprompter-less candidates debating highly irrelevant stuff.
Right on the mark. This market proves it.
Can someone please answer me this: How can the FED or any CB for that matter have a ‘balance sheet’? Im not an account, but I am also aware enough that in order to have a balance sheet, one must have cheques and balances, hence the name balance sheet. So the FED CTRL + P FRN’s out of mouse shit, and then uses that to buy other mouse shit (MBS), where is the P+L when you did not spend anything to buy your mouse shit.
I know my company if we created our own money, we would always have nice earnings, but we don’t thus we have a balance sheet saying, “oh hey we lost money this quarter, sorry share holders”.
But when Bernak can buy things for free, how is this a balance sheet…..I guess what I am trying to say is that THEY DO NOT HAVE A BALANCE SHEET! They have stolen assets (if you want to call em that I guess).
Easy, they simply steal some of the value of your FRN's to create new FRN's.
you hit the nail on the head:
why don't we all just create our own money? Their money allows them to never lift a finger, never work an honest job and live off the spoils of their "banking" endeveaours.
Instead we are all FORCED to accept their money as the currency to sell ourselves, our talents and our wares.
It's all so obvious. Any 3rd grader can figure their game out. Can't be much longer before they declare game over and everyone run for the exits.
Why you gettin all Freaky Friday about dat sh*t, just take another hit off your crack pipe and go back to sleep.
You doin more thinkin than the Public School System allow.
This to me is like, "What the freakin' fuck!" Is the Fed in there really buying equities?! A ramp like that is ridiculous. Is this what happens near the end of the world, cats and dogs hanging out, pigs flying, Lagardes spewing feces...
Shades of 2009, this was definitely the Fed buying.
or a proxy. The BIS does lots of these interventions on behalf of individual central banks.
I wore out my "What the freakin' fuck' shirt, and have plateaued my irritation to complacency. I have also moved to banging my head on the cubicles outside my office, instead of the walls.
@GolfHatesMe: I usually find one money quote per day here at ZH and yours is it:
"I wore out my "What the freakin' fuck' shirt, and have plateaued my irritation to complacency."
Thanks and if I become famous for re-using that then I'll attribute it to you.
Stick a fork in me, I'm done!
Got to keep the ponzi going until election day...
What are they hiding besides the apparent economic slowdown? That's the $16tn question.
Here we go!
Kleptocracy, alternatively cleptocracy or kleptarchy, (from Greek: ??????? - klept?s, "thief"[1] and ?????? - kratos, "power, rule",[2] hence "rule by thieves") is a form of political and government corruption where the government exists to increase the personal wealth and political power of its officials and the ruling class at the expense of the wider population.
.
'Fiscal,'
meet...
'Cliff'
...But dont look to the Presidential candidates to even mutter one word about it tonight...or the previous 2 debates...
'Course not....
It's foreign policy.
Say, why in the world you support all them Hal-Kedah terruhizzzts to take over these countries used to be our allies and Bull Shit us with this "A-rab Spring" crap?
Why have a bazillion Islamic fundamentalist extremists been visiting the WHite House a bazillion times?
Why didn't you do anything when the Behghazi battle was going on and you were watching it on satellite and real time drones?
Whatchu mean nobody told you?
You head of the the Executive Branch of Gubamint, the Most Powerful Man in the World and You Ain't Been Executiveing Very Damed Well If NOT AT FUCKING ALL
Or some answers/questions/dialogues like that.
No need to mention the fiscal cliff.....
Until CHINA is brought up as a Topic and then...
You Told Us You Were Going To BALANCE THE BUDGET and Look Where We Are, in Hock to CHINA and getting worse every fucking day that even your administration has said constitutes and National Security Risk
fiscal cliff fiscal schmiff
And no it's not Bush's fault.
The people of the world...'the masses'
are completely,
clued,
right the fuck out.
.
They are caught inbetween being brainwashed/conditioned and genetic make up...
And mostly built up on emotions/reaction - rather then intelligence and independent thinking.
.
Our global elite are smart - dont under estimate the brilliance of what is going on here...
.
Just look at what they've created on pure deception, lies, manipulation, shit&piss...
...Our reality.
.
One shinning good thing though - Evil IS dysfunctional...
It will have its day too.
I'm wondering how many good guys have come to realize the same and then blasted their brains out because it is all so fucking frustrating. Being lied to from the cradle to the grave and not being able to do anything about it. Even when you call them and their representatives on it, they deny until they're blue in the face and at the end of the day their "reality" stands and the good guys are made to look like complete idiots.
What the fuck does any of it matter anymore? You eat, you drink, you work, you have some fun, you get older, you get sick, you get sicker and you eventually die probably medicated for the pain in one way, form or another.
None of this is relevant in a few hundred years. I'm being generous here. The end of the line is here. Global population has grown from 1.5 billion to 7 billion in as little as a hundred years. Now we're pushing 9 billion and soon 20 billion.
Does anyone else think that there is no fucking chance in hell, this world will ever see that many people crawling over each other and trying to feed off each other? Has anyone ever found a den of rats and watched them crawling, gnawing and shitting on top of each other? That is humanity's ugly fate.
Of course it was Bush's fault. Obama told me so. Who ya gonna believe, Obama or yorn lying eyes.
I hadn't heard this one: "Why have a bazillion Islamic fundamentalist extremists been visiting the WHite House a bazillion times?" You got some detail on that? Thanks.
Feel free to Google it yourself next time, twat.
http://www.investigativeproject.org/3777/a-red-carpet-for-radicals-at-th...
RockyRacoon...
Here's the link, my man :)
http://www.investigativeproject.org/3777/a-red-carpet-for-radicals-at-th...
Goes further back than that Rocky...Dr. Khalid al-Mansour was his sponsor at Harvard.
http://www.youtube.com/watch?v=MIVO8MZYXo8
All I want to know is what the (whisky) shot words are?
The People, honest, lying, terrorist/terrorism, Israel, Iran, Lybia, Syria, Turkey (the country, not Mitt or O), China, jobs, 716 million, loopholes, national security, nuclear, 5-point plan, details, and its over. Plan on having at least a gallon of whiskey available...
dear god, why don't we just go ahead and shoot ourselves in the liver? it would be less painful than watching the debate.
I can't watch the debate because hearing Obama's voice makes me physically ill (not kidding). On the other hand maybe I should because I could stand to lose a few pounds. We'll call it political-bulimia (kidding now, I won't watch it)
This market just keeps getting dumber and dumber every week. And somehow, B. Bernanke thinks we should buy it instead of treasuries? Why? Any moron could see just how broken the US equity market is. Thank you HFT.
Less computerized nonsense, please...and MORE BANKER PINK SLIPS!
Now, all that's needed is a full ramming of the futures to a HUNDO on the DOW for all those kiddies watching the debate on a channel that scrolls the futures.
You know...why not and all that jazz.
Another epic reason why nobody will touch the market again. It's as fake as it can get.
Drinking game:
If the stock market gets mentioned tonight, mix a long island iced tea:
http://en.wikipedia.org/wiki/Long_Island_Iced_Tea
FUCK YOU BERNANKE...
FUCK YOU PRESIDENTS WORKING GROUP ON FINANCIAL MARKETS...
AND FUCK ANYONE WHO THINKS THAT THESE MARKETS ARE ANYTHING BUT MANIPULTED CASINOS DESIGNED TO MAINTAIN MORONS CONFIDENCE IN THIS BROKE ASS COUNTRY....
im just sayin.....
embrace the horror bitchez!
Look Ma, No Volume!
A falling market shall be declared illegal and be prosecuted to the fullest extent of the law.
Awesomeness right there.
What can't go down, must go up! (excluding ES and DOW, until the last hour)... Then the "Chair Satan", had to bend over and squirt more "QE-3" banter on the coals!
If you want to stay sober, drink freely whenever the Fed is mentioned by either.
And crude down as well.....hmmmmm.....
http://youtu.be/IRoh62wRgkc
Wow. The market goes up just before a debate, gas prices are going down, and Osama bin Laden is dead.
Has Osama used up all 9 lives, yet or we gonna be seeing him some more in new desperate situations?
its a miracle...
praise Jebus.....
Whiskey shot keywords:
Fair
Obamacare
Trillion
Ummmm
Hmmmmm
Drink the whole bottle if by some miracle one of them drops his pants, shows his cock and admits its one of them or the other and it makes no fucking difference either way.
Could happen....
That happens some AA'ers here would be tempted to have a drink.
Early voting today. Writing in RON PAUL.
Will drink in tandem while I'm watching the Bears game. In peace.
I just absentee voted (military) yesterday. I was torn between writing in Ron Paul and just voting for Gary Johnson. In the end, I went Johnson. Neither has a snowball's chance of course, but both will be agregated when a few years from now a third party gets seriously going based on the "non-traditional" votes this time around. I just hope it's not too late by then. But for now, the only real choice is anybody but Obamney.
Love the move. So predictable especially as SPX was at low of range. Now I just have to decide when to sell.........
The market cannot fall just so long as I, the great So-crates, am bullish!
Ancient Greece, bitchez!
Fed should just get some HFT to fax real estate brokers and bid properties higher and higher. That will fix the housing market. Hey look they do it with the stock market - bid up mercilessness on no demand(volume). Might as well apply the scam... er i mean technology to real world markets.
I don't think much of America is watching or caring. Repeated criminal behavior becomes accepted practice. If there is holding on every play in football the only thing to watch is when they call it and why. No one stops holding ever.
No one is going to stop the ramping. It happens every day. The only thing to watch is when they don't ramp and why? It will mean TPTB have decided to make money in a different fashion. Something more profitable than market manipulation.
War as a pretext for theft. Debt servitude as a pretext for credit extension. Something that is illegal for sure but unable to be thwarted.
If we dot the i's we will see the last crash made the 90% less wealthy. The next crash will do the same. The question is who gets the blame and who gets the money.
And Lucy yanks the football again. 80 billion a month and 0 percent. It isnt going down.
Who says they need ot use the 80bil to buy .
You bulls finally convinced me with today's rumor. Sold my entire SPXU position when the market tanked today and bought an assortment of PAAS, CCJ, UCO and AGQ. Hope the world doesn't come to an end any time soon.
<===NFL/not the debate
<===MLB/not the debate
What will you be watching tonight on TV?
<--- Read or visit some libertarian sites/financial sites/bullion coin and bar sites/porn sites/pick a fight on HuffPo. Not watch debate or sports.
<---Watch charade that is pro sports and secretly tune in a for some of the debate because you believe this shit is real for some reason.
I didn't even go to the casino today. Just watched from the sidelines. I got my ass ripped last week, and learned my lesson. I would rather have 1 or 2 awesome setups to get into later this week. Too much chop in these markets right now, on short term charts.
silver chart http://twitpic.com/b6jr2s/full
Go Lions!
I need Megatron to have a big game to win my fantasy football matchup this week. It'll be tough against the Bear D. They'll have to protect Stafford long enough for him to get Megatron down field and release the ball. Should be interesting.
Beats the hell out discussing this garbage.
I've got Megatron and Marshall tonight, it's in my cash league too, so there better be some fireworks.
Translation:
I'm so stupid I'll vote for a guy who is not running so Obama wins again.
Translation: I'll vote my conscience and write in Ron Paul, sleep well at night, and if it causes Obama to win then (a) it will bring the can-kicking to a close sooner; and (b) fuck all of you stupid sheeple who are too much of a dumb fuck not to vote for Ron Paul.
better take a sharpie with you - those plastic computer screens are a bitch to write on with a pencil.
TRANSLATOR! Turn off your tele-prompter!
Your hair is mussed up and you gotta milk moustache!
EDIT: Did you catch the first lady debates?
MNST back down in AH? Did they cancel the pump trade or what just happened?
Hmmm....
It seems VWAP is the only "real" price that matters to the HFT algos anymore.
Nasty short squeeze melt-up. Can't be stressed enough, you trade on low volume, selling, or even buying you'll have HFTs send this back to it's 50ma's.
Still what lurks...
Oil crash is a f*cked up corner trade panic or something.
Thought it was about the dollar rise giving birth to USDJPY +80...
Also traders are locking in 80 on the DXY. So, yeah, again it looks like another profit off the table trades for equities as USD denominated assets go bid. You did well Friday?
Oil looks freaky, there is something in that sell off. China?
Fascism, bitchezz!
It's what's for dinner. We can't have any economic storm clouds gathering before the phoney baloney debate between tweedle dee and tweedle dum.
But the vote tallies, those are real and you can have faith that your vote counts!
doo dah doo dah.
SP500 hourly shows bounce of channel support.
http://bullandbearmash.com/chart/final-hour-bounce-13-points-puts-sp500-...
Could mean more bullish shite for the rest of the week. Lower revenues don't matter - it's the "fire all employees for higher earnings" that count.