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This Is Your S&P; This Is Your S&P Without Tuesdays

Tyler Durden's picture




 

Since the mid-November lows, the S&P 500 has gained a remarkable 268 points on the back of faith, hope, and Bernanke/Kuroda charity. But perhaps what is more mind-numbing is that this efficient market has given us more than 50% of those gains on Tuesdays. With 17 up-days in a row, Tuesday is the Monday dip-buyers dream. Since 1/18, absent Tuesdays, the S&P 500 has gone nowhere. Maybe Bob Geldof needs to write a new song for the US investor "I do like Tuesdays", or at least a slightly revised cover version of the Bangles' "Manic Tuesday".

 

What would we do without Tuesdays?

 

Tuesday is a massive outperformer...

 

and just to be clear... Tuesday's gains dwarf the rest of the week's total gains...

 

Charts: Bloomberg

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Tue, 05/07/2013 - 12:07 | 3537748 Dr. Engali
Dr. Engali's picture

Life without risk sure is boring. You would think that making money without risk would be the same. Yep another up day...ho humm.

Tue, 05/07/2013 - 12:12 | 3537775 Aeternus
Tue, 05/07/2013 - 12:24 | 3537815 Sylvia Plath
Sylvia Plath's picture

POMO'd............... BiTcHz'S!!!!!!!!!!!!!!!

Tue, 05/07/2013 - 12:37 | 3537850 HardAssets
HardAssets's picture

To da moon Baby ! ! !

Tue, 05/07/2013 - 13:01 | 3537914 Jekyll_n_Hyde_Island
Jekyll_n_Hyde_Island's picture

Monday's slum day

Tuesday's shorting day

Wednesday's golf day

Thursday's dump day

Friday's holiday

Everyone gets to get along /sarc

Tue, 05/07/2013 - 13:17 | 3537946 THX 1178
THX 1178's picture

To the moon! To the moon with the money supply anyway.

Tue, 05/07/2013 - 13:20 | 3537952 Cognitive Dissonance
Cognitive Dissonance's picture

This is your stock market. This is your stock market on Tuesdays. Any questions?

<Just say No.>

Tue, 05/07/2013 - 13:23 | 3537957 malikai
malikai's picture

This is your stock puppet.

This is your stock puppet on Tuesdays.

Tue, 05/07/2013 - 15:02 | 3538367 The_Dude
The_Dude's picture

Taco Tuesday just keeps getting better....

Tue, 05/07/2013 - 12:07 | 3537752 duo
duo's picture

Can I pay you Friday for 20 SPX points Tuesday?

Tue, 05/07/2013 - 12:08 | 3537753 DannyTX
DannyTX's picture

All I want to know is when this "sell in May shit is going to start"?  This market is insane!!!

Tue, 05/07/2013 - 12:10 | 3537764 Tsar Pointless
Tsar Pointless's picture

Around the same time that the April showers come so I can have my May flowers grow.

So...never, is what I'm trying to say.

Tue, 05/07/2013 - 12:10 | 3537766 JJ McApe
JJ McApe's picture

well, as long as qe4 is up in full force i don't think it could go down :D

Tue, 05/07/2013 - 12:08 | 3537755 Yen Cross
Yen Cross's picture

     Just wait until tomorrow. It's the biggest POMO day of the week.

Tue, 05/07/2013 - 12:09 | 3537757 cynicalskeptic
cynicalskeptic's picture

Does that mean the Plunge Protection Team is working one day a week?  Are they watching porn the rest of the time or are they off somewhere at strip clubs or playing golf?  Sounds like a cushy job - spend trillions and work 50 days a year.

Tue, 05/07/2013 - 12:08 | 3537758 Tsar Pointless
Tsar Pointless's picture

Goodbye, Red on Tuesday
Who would sell their stocks on you?
When you close only in a green way
Still were gonna miss you

Tue, 05/07/2013 - 12:13 | 3537776 Its Only Rock N Roll
Its Only Rock N Roll's picture

Indeed

Tue, 05/07/2013 - 12:12 | 3537769 DavidC
DavidC's picture

Tyler(s),
You're priceless! Thanks for that.

DavidC

Tue, 05/07/2013 - 12:12 | 3537772 sunny
sunny's picture

How very strange.  Anyone have a clue why??

sunny

Tue, 05/07/2013 - 12:16 | 3537786 Cdad
Cdad's picture

Indeed...the criminal syndicate known as Wall Street is nothing more than a bunch of shallow thinking lemming type folks backed with endless Fed cash.  And as such, Tuesdays can become a very powerful equity catalyst...if you are like minded.

Said in other words, it's just retarded.

Tue, 05/07/2013 - 12:24 | 3537811 mayhem_korner
mayhem_korner's picture

 

 

Purely guessing here.  I don't think the anomaly is actually Tuesday - but rather Monday.  Something in the news or overseas market cycles that causes the S&P to catch cold on Monday.  By Tuesday - when the U.S. market is into full cadence and CNBC has had a day to feed the 'bots their headlines, the Monday cold is corrected for (so Tuesday shows the "typical" QE-ramped result plus the Monday correction).  The U.S. cycle ramps through Friday, and then whatever downer or reality the weekends throw at the algos kicks in again.

Probably a horse-apple theory, but what have we to do but watch the grass grow and speculate over these things until the Big Reset comes?

Tue, 05/07/2013 - 12:45 | 3537869 NotApplicable
NotApplicable's picture

Looking at the day of the week chart, I see it as a ratcheting effect, where the game centers around managing the Asian/Euro markets that get the first chance every week to react to the inevitable collapse of the ponzi. Monday in NY is damage control, while Tuesday becomes the lever to suppress fear for yet another week. Wednesday, meanwhile, becomes the first chance for the front-runners to test the waters, with growing confidence on Thursday. By Friday, everyone knows that we can't end a week on a down note, so...

Tue, 05/07/2013 - 12:13 | 3537774 francis_sawyer
francis_sawyer's picture

Well this is easy to explain...

~~~

"I'll GLADLY pay you on Wednesday... for a KOSHER hamburger today, Sunday... Just as soon as my 'BUY THE RIP' [Monday], 'SELL THE DIP' [Tuesday]... Bernanke tipped & authorized... TRADE... Settles on Wednesday"...

Tue, 05/07/2013 - 12:13 | 3537778 JustObserving
JustObserving's picture

Moody Blues have Tuesday Afternoon

http://www.youtube.com/watch?v=bPLWBhNW3FM

Tue, 05/07/2013 - 12:16 | 3537789 orangegeek
orangegeek's picture

Daily S&P500 - nothing but up since November.

 

http://bullandbearmash.com/chart/sp500-daily-5-point-trading-range-today/

 

Lousy macros don't matter.  Marginal revenue and trumped up earnings (yes, we know you buy back shares to cook your number) don't matter either.

 

I guess you apply some fibby numbers to see how far this beast is going to run, but what's the fucking point.

Tue, 05/07/2013 - 12:17 | 3537790 NoTTD
NoTTD's picture

Hello, Ruby Tuesday.

Tue, 05/07/2013 - 12:18 | 3537792 TrumpXVI
TrumpXVI's picture

Curiouser and curiouser.

Tue, 05/07/2013 - 12:20 | 3537797 thismarketisrigged
thismarketisrigged's picture

the funny thing is, futures were down 30 on dow yesterday and 5 on s&p, at around say 11 pm or so.

 

not that, that is a big number considering where the avgs are, but its amazing how no matter how bad news comes out, this market always turns around. 

 

its getting scary, like if i go to a casino and i am up a lot of money, as fun as it is to keep riding it, i deff take money off the table at some point. in this market, its like no one wants profits

Tue, 05/07/2013 - 12:21 | 3537807 TrumpXVI
TrumpXVI's picture

Right, it's as if people are thinking that the profits will never stop growing.  What do they know that we don't?  Inquiring minds want to know.

Tue, 05/07/2013 - 12:20 | 3537798 sbenard
sbenard's picture

Bubble Tuesdays!

Tue, 05/07/2013 - 12:20 | 3537803 CheapBastard
CheapBastard's picture

Cool.

Tue, 05/07/2013 - 12:21 | 3537804 madbraz
madbraz's picture

C'mon, no mention of "Tuesday's Gone' - by far the best of the Tuesday songs? 

Tue, 05/07/2013 - 12:22 | 3537809 ttown
ttown's picture

SILVER lift off!, silver miners about to run! morning paper raid fails again!

Tue, 05/07/2013 - 12:36 | 3537842 JustObserving
JustObserving's picture

Silver is a long way from lift off.  Silver was nearly $50 just two years ago.  Now struggling to cross $24 an ounce while the world has printed trillions.  A move to $27 would be an incipient lift off. 

Miners are still down more than 3% today.

Tue, 05/07/2013 - 12:45 | 3537867 Melin
Melin's picture

LOL...I started reading KWN two years ago. 

Imagine how old that would get were it not for reality.

Tue, 05/07/2013 - 12:26 | 3537821 resurger
resurger's picture

lol This is funny

Tue, 05/07/2013 - 12:27 | 3537822 Tulpa
Tulpa's picture

Tuesdays with Bennie:

“The most important thing in life is to learn how to give out fiat, and to let it come in. Let it come in. We think we don’t deserve fiat, we think if we let it in we’ll become too inflated. But a wise man named Levin said it right. He said, “QE is the only rational act.” 

Tue, 05/07/2013 - 12:28 | 3537827 EL INDIO
EL INDIO's picture

Perhaps this is because Tuesday is positions reporting cut-off day.

Tue, 05/07/2013 - 12:45 | 3537851 Trampy
Trampy's picture

most all good books about trading futures mentions the Tuesday-Wednesday reversal effect caused COT reporting--

think is that extreme positions are reduced on Tuesday for COT and then resumed Wednesday to keep the position size below the limits and not tip off others. 

this effect affects all commodities, not just the equities and Ts that get all the bandwidth here.

Tue, 05/07/2013 - 12:29 | 3537830 Ban KKiller
Ban KKiller's picture

"I don't like Mondays"...a song about death, remember?  Need a song about Tuesday...death to big banks. A fable of course. The chorus is "we used to be the boss". 

Tue, 05/07/2013 - 12:29 | 3537831 Uncle Zuzu
Uncle Zuzu's picture

Got it.  Buy Monday at 3:55pm and sell Tuesday at 3:55pm.  We're going to be rich, I tell ya. RICH!

Tue, 05/07/2013 - 12:29 | 3537833 CallTheBluff
CallTheBluff's picture

TGIT!!!

Tue, 05/07/2013 - 12:40 | 3537856 CallTheBluff
CallTheBluff's picture

I would much rather it be Friday though. 

Tue, 05/07/2013 - 12:32 | 3537838 NEOSERF
NEOSERF's picture

Oops, secret is out - change up day to Wednesdays - Jamie Dimon

Tue, 05/07/2013 - 12:32 | 3537841 Jim in MN
Jim in MN's picture

 

Loving the Big Dumb Charts Tylerz!!!

 

As for Why Tuesdays?   Because only a bum with a 'real job' would come in from the Hamptons on a Monday....

 

http://www.grandlifehotels.com/culture/the-hamptons-gatsby-style/

 

Tue, 05/07/2013 - 12:33 | 3537844 AcidRastaHead
AcidRastaHead's picture

Hip Hip Hooray for Recovery Tuesdays. Big Raspberries to you, Austerity Mondays.

Tue, 05/07/2013 - 12:34 | 3537846 Uncle Zuzu
Uncle Zuzu's picture

Mondays are down.  Looks like the market has a 'case of the Mondays'.

 http://www.youtube.com/watch?v=2AB9zPfXqQQ

Tue, 05/07/2013 - 12:35 | 3537849 greatbeard
greatbeard's picture

 Ok, I'll admit it, I'm a gold bug.  Been a gold bug for quite some time.  And, to be honest with you, I'd like to see this whole ball of shit explode.  I know, careful what you wish for, and I'll regret that sentiment if it does, but i'm pissed.  I'm pissed because I made the right moves and my government decided to see to it that the right moves were, in effect, the wrong moves.  The wrong people are being rewarded, and the wrong people are being punished.  This is one thouroughly discusting piece of shit market, government, fed and economy we have here.  Fuck them all. 

 

Now, back to side dressing my corn and squash.

 

 

Tue, 05/07/2013 - 12:50 | 3537880 NotApplicable
NotApplicable's picture

Let go of that fiction known as "my government" and you'll find your anger turns to pity for those who do not yet understand that the world is run by the mafia.

Also, it becomes obvious that that's the way it's always been, and likely, will always be.

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