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This Is What A Stop Hunt Looks Like

Tyler Durden's picture





 

When the largest currency cross in the world spikes 70 pips on no news and starts trading like a penny stock, you know that beneath the calm surface of all-time high nominal stock prices, something is brewing... Of course, as we tweeted earlier, there is another reason for the ramp...

 

 

Retail needs to see S&P 500 at 1600... and in the face of macro data and micro earnings, there's only one way that is going to happen.

 


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Tue, 04/30/2013 - 09:47 | Link to Comment thedrickster
thedrickster's picture

Tick toc, tick toc, top tick, tip tock.

Tue, 04/30/2013 - 09:54 | Link to Comment Aeternus
Aeternus's picture

Considering the fact that I am ten standard lots long USD/JPY, I sure the fuck hope it's not EUR/USD.

 

https://www.youtube.com/watch?v=fyklt01lN_I

Tue, 04/30/2013 - 09:57 | Link to Comment thedrickster
thedrickster's picture

I don't know why but that video disturbs me, greatly.

Tue, 04/30/2013 - 10:56 | Link to Comment Ying-Yang
Ying-Yang's picture

Looks like a viagra reponse chart for the 5th dimension.

"up, up and away in my beautiful balloon"

Tue, 04/30/2013 - 09:57 | Link to Comment Cult_of_Reason
Cult_of_Reason's picture

Algo assisted stops hunt or Draghi leaking to his Goldmanites about no ECB rate cut on Thursday?

Tue, 04/30/2013 - 09:48 | Link to Comment ZeroPower
ZeroPower's picture

Big option barrier @ 13150 before NY cut

Not seeing any corporates buying here though.

Tue, 04/30/2013 - 09:48 | Link to Comment rubearish10
rubearish10's picture

Numbers continue to front run just before announced.

Tue, 04/30/2013 - 09:49 | Link to Comment espirit
espirit's picture

I like it when ZH tweets tweak the algos.

 

Tue, 04/30/2013 - 09:49 | Link to Comment radfish
radfish's picture

That's why I short both of them.

 

Tue, 04/30/2013 - 09:52 | Link to Comment Gadocat99
Gadocat99's picture

Normal levered shakeout.  75 pips happens all the time.

Tue, 04/30/2013 - 09:53 | Link to Comment orangegeek
orangegeek's picture

When the Euro tanks and the US Dollar rockets, equities and commodities priced in USD are gonna slide.

 

http://bullandbearmash.com/chart/spot-dollar-monthly-heading-8400-area-r...

 

Monthly USD chart shows upside.

Tue, 04/30/2013 - 10:55 | Link to Comment W T F II
W T F II's picture

I, too, see it your way...gotta ker-plunk that Euro in 'risk-off' fashion

Tue, 04/30/2013 - 09:55 | Link to Comment Bay of Pigs
Bay of Pigs's picture

Well, Europe is doing pretty darn good these days, correct?

BULLISH!

Tue, 04/30/2013 - 10:21 | Link to Comment spaceduck
spaceduck's picture

Fuck it's the same as the gold price, the stock market, the whole financial markets doesn't reflect anything anymore, a few big fishes can move the shit when they want and they do it, that's all.

Welcome to the 2013 financial markets, it's time to stop caring about any foundamental or economic data

Tue, 04/30/2013 - 10:29 | Link to Comment kw2012
kw2012's picture

Take a look at today's peeks and troughs versus yesterday's in Gold. They are freakishly similar. Almost like someone is intentionally manipulating the gold market. GASP!

Tue, 04/30/2013 - 11:13 | Link to Comment OneTinSoldier66
OneTinSoldier66's picture

Exchange Stabilization Fund anyone?

 

"The U.S. Exchange Stabilization Fund was established at the Treasury Department by a provision in the Gold Reserve Act of January 31, 1934."

Tue, 04/30/2013 - 10:43 | Link to Comment orez65
orez65's picture

"Bay of Pigs"?

Are you from inside or outside Cuba?

Just curious to find out if Cubans have acces to ZH.

Tue, 04/30/2013 - 12:32 | Link to Comment Going Loco
Going Loco's picture

Dunno where Bay of Pigs comes from - possibly flyover country? - but he has been around a while, used to post on Mish's blog 5 years ago. You could take some of his 2008 posts from Mish and put them here now and struggle to see the difference between then and now. Consistency is a virtue.

Tue, 04/30/2013 - 09:52 | Link to Comment RaceToTheBottom
RaceToTheBottom's picture

HFT, if it is not one way, it is the other....

Tue, 04/30/2013 - 09:53 | Link to Comment Downtoolong
Downtoolong's picture

Serial (cereal) markets. There's a surprise in every box.

 

Tue, 04/30/2013 - 09:56 | Link to Comment Dr. Engali
Dr. Engali's picture

Where is Stolper on this trade? Did the muppets get skewered again?

Tue, 04/30/2013 - 09:56 | Link to Comment francis_sawyer
francis_sawyer's picture

Anybody technician could have told you that was going to happen... It's right there in those magic charts...

~~~

Retrofitted wave count labels coming in 5...4...3...2...

Tue, 04/30/2013 - 09:56 | Link to Comment pauhana
pauhana's picture

Because Chicago PMI was so good.

Tue, 04/30/2013 - 09:54 | Link to Comment howenlink
howenlink's picture

We need to start local ZH meetups.  Who's up for a beer this evening?

Tue, 04/30/2013 - 10:02 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

 

 

Everybody has already been doing ZH meetups in most cities.  There are always tons of hot women, wealthy men, and fabulous conversations.  People share great insider information.  I cooked for everyone at the last meeting in my city; it was a two-day affair.  Suprised you haven't been invited.

Tue, 04/30/2013 - 10:18 | Link to Comment BobPaulson
BobPaulson's picture

Our last ZH happy hour on Friday goosed the HNB (Hookers 'N' Blow) ETF up four handles in after hours trading. Once the algos found out we were meeting everything went apeshit.

Tue, 04/30/2013 - 12:39 | Link to Comment Going Loco
Going Loco's picture

The ZH meetup I went to went sour. Started off OK with everyone comparing their stacks, then people started showing off their firearms, there was an argument about who was going to pay for the hooker, and five got shot, two killed. I was OK, I hid under the table with the hooker and relied on my diplomatic immunity when the cops arrived.

Tue, 04/30/2013 - 09:58 | Link to Comment gdogus erectus
gdogus erectus's picture

I'll be the guy in the back with a trench coat. You whisper the code word and I'll respond with a cough.

Tue, 04/30/2013 - 11:37 | Link to Comment BobPaulson
BobPaulson's picture

Given your psudonym I would be a bit concerned about what you have concealed under that trenchcoat. Hope you aren't expecting the same treatment the doctor gives you right before you cough.

Tue, 04/30/2013 - 10:02 | Link to Comment IndicaTive
IndicaTive's picture

Only if I can fight first.

Tue, 04/30/2013 - 10:05 | Link to Comment NoDebt
NoDebt's picture

My NAMBLA meeting finishes up around 9:00, so I'm free after that.

It's just a joke.  Don't get your panties in a bunch.

Tue, 04/30/2013 - 10:20 | Link to Comment Quinvarius
Quinvarius's picture

Not sure if I am voting or agreeing with something.

--Futurama Fry

Tue, 04/30/2013 - 09:58 | Link to Comment IamtheREALmario
IamtheREALmario's picture

I beg to differ. Retail does not give a damn about S&P 500 at 1600. They are gone... get over it.

Tue, 04/30/2013 - 09:57 | Link to Comment ThirdWorldDude
ThirdWorldDude's picture

That would be Bernanke flushing the septic markets with $85B in fiat diarrhea...

Tue, 04/30/2013 - 10:04 | Link to Comment venturen
venturen's picture

Who needs retail when you have a printing press. Who needs people when you can HFT! Why do you need jobs if deficits don't matter.

Tue, 04/30/2013 - 12:55 | Link to Comment espirit
espirit's picture

Zackly.  Tossing the hot potato back and forth in milliseconds is all that counts.  It still amazes me that sheeple can't see the $85 Billion worth of potatoes being tossed monthly.

Tue, 04/30/2013 - 10:06 | Link to Comment cliffynator
cliffynator's picture

Geez! What was that stop sweep in /ES at 10:00 am Eastern?

Tue, 04/30/2013 - 10:05 | Link to Comment lolman
lolman's picture

what the hell

Tue, 04/30/2013 - 10:13 | Link to Comment spanish inquisition
spanish inquisition's picture

Years ago, I was talking with someone about Superbowl betting. They said based on the total amout bet, it takes something like $25M on one side to move a half point on the line. In the FX casino, do you need to use alot of money to move a pip or is it an infinite leverage play that cleans out stops by hitting [enter] with no money down?

Tue, 04/30/2013 - 10:19 | Link to Comment Baader
Baader's picture

Hope this wipes that smug smile from joe weaselthal of the Business Insider's stupid face.

Tue, 04/30/2013 - 10:42 | Link to Comment writingsonthewall
writingsonthewall's picture

After his headlines of 'Gold is FINISHED' - a couple of weeks ago I pointed out that he was wrong and that the 'crash' was a liquidation and not a sudden epiphany of 'FIAT is better' aroound the world - and I asked him if he was going to resign (when he discovered I was right)

Now Gold has turned and the dipshit is still confused as to how GLD does not equal GOLD and the obvious disconnect there is (like fractional banking for gold) - I have been demanding his resignation.

As you might expect - rather than justify his position - Business Insider has decided to ban me from posting from this IP address - which means they just banned an entire FTSE 100 company from posting (because they don't understand what a proxy is).

So it seems that even 'liberals' are happy to get all 'fascist on your arse' when you point out the fooloshness of their thinking. They are quite prepared to smother comment when it exposes their lies of convenience.

P.s. I use the term 'liberal' - as a convenient irony from the 'democratic media' which is anything but - it doesn't actually reflect on the political or philisophical position of gullible jounralist hacks at BI.

Tue, 04/30/2013 - 10:25 | Link to Comment clocksun
clocksun's picture

go EUR go!!  run, run, run!! right into my sells at 1.3190!!  come to papa!!

Tue, 04/30/2013 - 10:24 | Link to Comment surfsup
surfsup's picture

Were you in EJ Tyler? Great trade!

Tue, 04/30/2013 - 10:41 | Link to Comment ebworthen
ebworthen's picture

$85 billion a month of Italian and Spanish bond purchases?

Tue, 04/30/2013 - 10:47 | Link to Comment Vince Clortho
Vince Clortho's picture

That sounds so Buffetesque.

Tue, 04/30/2013 - 10:55 | Link to Comment BigInJapan
BigInJapan's picture

Come on! Just give me three weeks to close the sale on this fucking house so I can get out of this fuckery they call the Yen!!!

Tue, 04/30/2013 - 11:00 | Link to Comment W T F II
W T F II's picture

Interestingly, E S is no longer giving as much of a s#!t about Euro spikes....INTERESTING...!!

Tue, 04/30/2013 - 11:12 | Link to Comment OneTinSoldier66
OneTinSoldier66's picture

Exchange Stabilization Fund anyone?

 

"The U.S. Exchange Stabilization Fund was established at the Treasury Department by a provision in the Gold Reserve Act of January 31, 1934."

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