This page has been archived and commenting is disabled.

Just Two Charts

Tyler Durden's picture




 

It would appear the connections that have been supporting stocks for weeks are beginning to break a little. As the following two charts show, JPY carry trades and bond markets are suggesting rough-sledding ahead for the risk-on crowd. Meanwhile, AMZN is having its worst day in 15 months...

 

 

and bonus chart of the day...AMZN's worst day in 15 months

 

Charts: Bloomberg

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Fri, 04/26/2013 - 10:34 | 3502280 fuu
fuu's picture

The AP Flash Crash hit FX too?

Fri, 04/26/2013 - 10:55 | 3502343 The Juggernaut
The Juggernaut's picture

AMZN business model just included Washington DC taxes.  I wonder what the lobbyist received for allowing this to happen.

 

Congress is probably exempt from the tax, as well.

Fri, 04/26/2013 - 10:54 | 3502361 Bohm Squad
Bohm Squad's picture

It was about a 30pip move from high to low on the 15min chart...the selloff that evening and buying the next morning were larger moves to put it in perspective.

Fri, 04/26/2013 - 11:02 | 3502392 fuu
fuu's picture

It stands out in the chart is all, forex is not my thing.

Fri, 04/26/2013 - 11:50 | 3502584 Jekyll_n_Hyde_Island
Jekyll_n_Hyde_Island's picture

  Friday is almost always slow.  JPY and USD are still inexorably linked -- this is just weekend caution, as usual.

Fri, 04/26/2013 - 10:37 | 3502281 MillionDollarBonus_
MillionDollarBonus_'s picture

World Leader Profiles 

 Mario Drahgi 

Favorite food: Veal Scallopini

Favorite song: Wild Horses - the Rolling Stones

Favorite book: The Bible

What would you do to reduce youth unemployment?

The first thing I would do is introduce a comprehensive jobs program that targeted young adults between the ages of 20 and 30. It is absolutely unacceptable that youth unemployment remains so high when there is so much that can be done.

Fri, 04/26/2013 - 10:41 | 3502296 Temporalist
Temporalist's picture

Do you know his measurements too MDB and have his poster on your wall?  He's dreamy!

Fri, 04/26/2013 - 10:49 | 3502332 ParkAveFlasher
ParkAveFlasher's picture

Favorite Financial Torture Instrument: The Bail-In.  "Why inflate, when you can confiscate?  Prego!"

What a dreamboat.

Fri, 04/26/2013 - 10:54 | 3502349 Abraxas
Abraxas's picture

Yeah, these guys are equivalent of the Spanish Inquisition. They have the power, they have the means, they like to inflict pain and they have twisted value system.

Fri, 04/26/2013 - 10:41 | 3502313 mayhem_korner
mayhem_korner's picture

 

 

Mario Draghi identifies himself as Roman Catholic.  That would pretty much eliminate The Bible as his favorite book.

Fri, 04/26/2013 - 10:47 | 3502326 CVfriendship
CVfriendship's picture

Does Dr. Suesse translate well into italian?

Fri, 04/26/2013 - 10:54 | 3502356 mayhem_korner
mayhem_korner's picture

 

 

Iya donta lika that a-Sam-I-am

Fri, 04/26/2013 - 10:54 | 3502359 Abraxas
Abraxas's picture

I will fuck you in the boat

I will fuck you with a goat

I don't care

Fri, 04/26/2013 - 11:53 | 3502572 Jekyll_n_Hyde_Island
Jekyll_n_Hyde_Island's picture

Yeah. Um.  About that.  Roman Catholics preserved and maintained The Bible for over 20 Centuries, 1400 years before Martin Luther decided to drop some books and go rogue.   It's worth mentioning that they also cannonized the book you call The Bible and held more than a few counsels which theologically answered heretics and generally preserved the written and oral tradition of the Church and the Bible.

  Mario Draghi is as much a Catholic as Nancy Pelosi, so let's not broadstroke a Religion by a member.

  Although I'm sure that you and Dan Brown and Tom Hanks would have some good conversation, Mayhem -- don't quit your day job.

Fri, 04/26/2013 - 11:57 | 3502652 ProtectiveFather
ProtectiveFather's picture

Yep. And double yep.

Fri, 04/26/2013 - 10:55 | 3502369 JPM Hater001
JPM Hater001's picture

He wears a size 42 straight jacket and a 7 foot coffin.

Fri, 04/26/2013 - 11:04 | 3502394 JailBank
JailBank's picture

It's his intangibles that make him a great prospect.

Fri, 04/26/2013 - 10:35 | 3502282 Bearwagon
Bearwagon's picture

Where, the heck, did I leave that damned "S&P 1600" hat? It must be somewhere ....

Fri, 04/26/2013 - 10:50 | 3502340 camaro68ss
camaro68ss's picture

Did you check next to your S&P 1700 hat? hell, just use that. it will be there soon.

Fri, 04/26/2013 - 11:05 | 3502407 fuu
fuu's picture

I used a sharpie to change Dow 10,000 to S&P 10,000 on my hat.

Fri, 04/26/2013 - 10:37 | 3502283 doomandbloom
doomandbloom's picture

Remain Calm...nothing is going to happen...

Fri, 04/26/2013 - 10:35 | 3502285 waterwitch
waterwitch's picture

sell in may go away

Fri, 04/26/2013 - 10:44 | 3502316 Racer
Racer's picture

That's sooo last century.... computers don't go on holiday.... or sleep...

Fri, 04/26/2013 - 10:53 | 3502344 Target Practice
Target Practice's picture

.....It can't be bargained with. It can't be reasoned with. It doesn't feel pity, or remorse, or fear. And it absolutely will not stop, ever, until you are dead.

Fri, 04/26/2013 - 10:42 | 3502320 101 years and c...
101 years and counting's picture

the trend line from nov is providing support at 1580.  it breaks, spx drops.  and drops far and fast. 

Fri, 04/26/2013 - 10:54 | 3502353 Awakened Sheeple
Awakened Sheeple's picture

Light volume yesterday and today so far. It aint happening just yet. Bearish candle this week. Bulls will get barbecued soon enough.

Fri, 04/26/2013 - 11:21 | 3502462 css1971
css1971's picture

Not happening...

The market is manipulated. Sentiment doesn't matter, momentum doesn't matter, fundamentals don't matter. The economy doesn't matter.

Since you're using US Dollars to measure stuff, the only thing which matters is the issuer of US Dollars.

Fri, 04/26/2013 - 10:54 | 3502365 Dr. Engali
Dr. Engali's picture

Forever

Fri, 04/26/2013 - 10:40 | 3502292 Devils Advocate
Devils Advocate's picture

You have been showing charts like this for months and I do not think I have ever really see them converge....Will this time be different?!?!

Fri, 04/26/2013 - 10:38 | 3502298 css1971
css1971's picture

No offence Tyler, but... Down?

 

That just doesn't happen in the real world.

Fri, 04/26/2013 - 10:42 | 3502306 First There Is ...
First There Is A Mountain's picture

Epic carry unwind coming soon to a theater near you a la 2008. AUD/USD is laughable at these levels. But until then, get on board the cocaine train and ride it for all it's worth, baby. One day in the distant future, BTFD idiots are going to be confronted with a lock limit down scenario (driven by real news or timely, well placed terrorist algo tweet) and feel the pain of being stampeded as they go market sell and watch their precious P&Ls get knifed in the kidneys. All the buy algos in the world won't be able to control that kind of exodus.

Fri, 04/26/2013 - 10:52 | 3502348 camaro68ss
camaro68ss's picture

Knifed in the kidneys, dam, thats Brutal. must be some bad shit comith this way

Fri, 04/26/2013 - 11:03 | 3502399 First There Is ...
First There Is A Mountain's picture

Brutal? Wait until you see thousands of frantic, coked up bagholders all heading for katy barred exits. That's going to be brutal.

Fri, 04/26/2013 - 10:43 | 3502308 Racer
Racer's picture

Don't worry, on Monday AMZN's earnings will be forgotten  and it will soar courtesy of Algo Prop

Fri, 04/26/2013 - 10:43 | 3502312 forwardho
forwardho's picture

AMZN Has taken four consecutive hits,  heavy casualties.

WE NEED AIR SUPPORT...NOW!

Fri, 04/26/2013 - 10:45 | 3502322 the not so migh...
the not so mighty maximiza's picture

Fly like an Eagle to the sea PPT.

Fri, 04/26/2013 - 11:05 | 3502397 mayhem_korner
mayhem_korner's picture

 

 

Speaking of flying eagles, Au is sportin a healthy chubby again this a.m.

Fri, 04/26/2013 - 10:47 | 3502331 Cursive
Cursive's picture

Henry Blodget and Paul Krugman say, "You MUST buy this dip!"

Fri, 04/26/2013 - 10:52 | 3502339 Ban KKiller
Ban KKiller's picture

It is sunny. Bullish!

Fri, 04/26/2013 - 10:54 | 3502362 SheepDog-One
SheepDog-One's picture

Oh that's OK I'm sure they'll find SOME other 'carry trade' to hitch all equity markets to and ride higher. Fucking bullshit.

Fri, 04/26/2013 - 11:13 | 3502441 H E D G E H O G
H E D G E H O G's picture

'bout time to infest Syria with some good ole fashioned USA to the rescue- colonializism-kick ass WMD ending- false flag-baffle 'em with bullshit-msm circus-fake the sheeple out- DISTRACTION?

Fri, 04/26/2013 - 11:16 | 3502444 Uncle Zuzu
Uncle Zuzu's picture

Yeah it is really depressing that AMZN is only up 30% in the last 12 months, instead of 40%. These people obviously don't know what they are doing, or are stooges of the Fed, right?

Fri, 04/26/2013 - 11:19 | 3502456 firstdivision
firstdivision's picture

The AMZN chart is bullish from all the last times it tested the MA's.

 

So when does the FRB come out and admit that in its "Other Securities" line item, is where all the equities that it has buought are located?

Fri, 04/26/2013 - 11:30 | 3502506 Bam_Man
Bam_Man's picture

AMZN could have TEN more days in a row like this and STILL be ridiculously over-valued.

Fri, 04/26/2013 - 12:14 | 3502728 MedicalQuack
MedicalQuack's picture

Intangibles..yes..time to license and excise tax data sellers making billions in profit, i.e. Walgreens made short of $800M in 2010 selling data only.

http://ducknetweb.blogspot.com/2013/02/time-has-come-to-license-and-tax-...

Tax can go to the FDA and the NIH...to fund them against cuts..

Another jerk company selling data and nobody looks and he doesn't describe himself at a credit company, but that's what he sells..you can't see what he has on you and I can't...

http://ducknetweb.blogspot.com/2012/08/e-scoring-credit-algorithms-invis...

The other day you used charts from DE Shaw..you must see this video from the quant who used to do modeling for Larry Summers there..she's a good gal and smart, go to the end and see where she thinks he has asbergers..I called it modeling for inequality so perhaps a little background information might explain the DE Shaw charts:)  She says Hedge funds are around for one reason, to skim off retirment accounts..really good vide and flat out truth:)

http://ducknetweb.blogspot.com/2013/04/modeling-for-inequality-with.html

Fri, 04/26/2013 - 13:36 | 3503119 polo007
polo007's picture

According to Bank of America Merrill Lynch:

http://www.scribd.com/doc/138127514/US-Economic-Weekly-Bank-of-America-Merrill-Lynch

Macro viewpoint

Easy in, easy out

- Review: The choppy slowdown continued into April, with better jobless claims but weak regional manufacturing surveys.

- Preview: The April employment report will be a good test of whether the March weakness was a fluke or a sign of sustained weakness. We look for a sub-consensus 125,000 increase.

- Hot topic: With persistently sub-2% inflation, the case for continued QE is building. When the Fed does finally head for the exit, the key question for investors is the same as it has been in the past: if inflation is low, it will be a soft landing; if inflation is high, buckle your seatbelts.

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