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Shorting Stocks On These POMO Days In June 'Will' Be Hazardous To Your Health

Tyler Durden's picture





 

Having shifted our communication stance from 'may' to 'will' last month, the Fed's upcoming POMO schedule offers some insights into the days when shorting (apart from the obvious Tuesdays) will be dangerous (though the BoJ now stuck may require a communication change back to 'may'). We do note that the Fed POMO'd $44 billion out outright Treasury purchases in May (as expected) and plans to do the same in June with $45 billion pegged (strongly suggesting no Taper anytime soon)... it seems next Friday is your first opportunity (though if the last hour is anything to go by... perhaps the Fed's omniptence is being challenged).

There are only 2 days next month when there is not a POMO...

 

Source: NYFed

 


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Fri, 05/31/2013 - 15:08 | Link to Comment Spider
Spider's picture

Hmmm whats more important the Operation or Settlement date?  basically when can the banks use the new funds...

Fri, 05/31/2013 - 15:16 | Link to Comment jbvtme
Fri, 05/31/2013 - 15:19 | Link to Comment max2205
max2205's picture

Just tell us when they ARE NOT going to POMO....thanks

Fri, 05/31/2013 - 15:22 | Link to Comment malikai
malikai's picture

But it's cool to short gold on these days.

Unbelieveable, yet true.

https://www.quantsig.net/live.html

Fri, 05/31/2013 - 15:43 | Link to Comment negative rates
negative rates's picture

I purchase my operaton everyday.

Fri, 05/31/2013 - 16:37 | Link to Comment Umh
Umh's picture

Is that the fat lady who sings. I didn't know she did tricks.

Fri, 05/31/2013 - 15:09 | Link to Comment fonzannoon
fonzannoon's picture

It's over. POMO is dead.

Fri, 05/31/2013 - 15:10 | Link to Comment realtick
realtick's picture

i totally agree

abenomics was the tipping point

QE Ain't What It Used To Be

Fri, 05/31/2013 - 15:10 | Link to Comment fonzannoon
fonzannoon's picture

Operation erectile dysfunction.

Fri, 05/31/2013 - 15:12 | Link to Comment JuicedGamma
JuicedGamma's picture

End the ED.

Fri, 05/31/2013 - 15:20 | Link to Comment slightlyskeptical
slightlyskeptical's picture

That would be Easing Dysfunction.

Fri, 05/31/2013 - 15:10 | Link to Comment spastic_colon
spastic_colon's picture

window flagging false dressing day today

Fri, 05/31/2013 - 15:14 | Link to Comment bnbdnb
bnbdnb's picture

And MBS days are??? Tuesdays?

Fri, 05/31/2013 - 15:17 | Link to Comment slightlyskeptical
slightlyskeptical's picture

Leaves Friday June 7th as the only non-POMO day of the month. Something breaks before the month is out.

Fri, 05/31/2013 - 15:24 | Link to Comment insanelysane
insanelysane's picture

Summa is here.  Nothing breaks till the fall.

Wed, 06/05/2013 - 16:59 | Link to Comment auric1234
auric1234's picture

And 19th (overlaps with FOMC).

 

Fri, 05/31/2013 - 15:22 | Link to Comment bnbdnb
Fri, 05/31/2013 - 15:22 | Link to Comment ekm
ekm's picture

https://twitter.com/NYFed_News/status/340547839736287234

 

Is the word "TENTATIVE" normal? Anybody knows?

Fri, 05/31/2013 - 15:44 | Link to Comment negative rates
negative rates's picture

No, it suggests that you hold off while i figure out what to tell you later, much later.

Fri, 05/31/2013 - 15:22 | Link to Comment toros
toros's picture

A day without POMO is like a day without unicorns or Snarky Puppy...

Thing of Gold

http://www.bing.com/videos/search?q=snarky+puppy&mid=290166E83D67F318366C290166E83D67F318366C&view=detail&FORM=VIRE1

Fri, 05/31/2013 - 15:23 | Link to Comment nomorebuyins
nomorebuyins's picture

Ramp!

 

Fri, 05/31/2013 - 15:23 | Link to Comment kralizec
kralizec's picture

Darth Bernanke - "I find your lack of faith disturbing."

Fri, 05/31/2013 - 15:25 | Link to Comment gatorengineer
gatorengineer's picture

Looks like thursdays will be the new tuesdays....

Fri, 05/31/2013 - 15:52 | Link to Comment orangegeek
orangegeek's picture

Yep - next Tues and then Thur/Fri combos.

 

I love technical analysis.

Fri, 05/31/2013 - 15:35 | Link to Comment Haager
Haager's picture

the last couple of days shorting stocks looked to be quite succesful, at least in Japan nd On/Off Europe.

Fri, 05/31/2013 - 15:51 | Link to Comment otto skorzeny
otto skorzeny's picture

what the f happened today-they had $6B to blow

Fri, 05/31/2013 - 17:25 | Link to Comment DeadFred
DeadFred's picture

As far as I know there is no formal agreement that says they must buy stocks with their money. Some day they will think "I could just save the money and buy later at a discount". O could use a distraction now that a new scandal comes out most every day. If a financial crisis would make it harder to focus on minor things like IRS, AP, Benghazi do you really think he wouldn't pull the plug?

Fri, 05/31/2013 - 16:03 | Link to Comment sodbuster
sodbuster's picture

There is no honor among thieves........what if the day comes when they take their POMO money and use it to SELL the heck out of the market??

Fri, 05/31/2013 - 16:08 | Link to Comment digalert
digalert's picture

Thanks ZH

I'll put this page on my desktop where the May POMO frenzy chart was.

Fri, 05/31/2013 - 16:20 | Link to Comment sbenard
sbenard's picture

NOt a single Fed-free Tuesday in the lot!

Fri, 05/31/2013 - 16:23 | Link to Comment cdude
cdude's picture

Hey, today was a HUGE POMO day. and....considerable "good" new to boot. Look "wha happin".

I really really really fooking hate the US equities "markets". It is a Fookfest on a unprecedented level. Manipulated in the short, intermediate and long terms. A complete scam designed to fook the honest investor.

 

Fri, 05/31/2013 - 17:26 | Link to Comment They trynna cat...
They trynna catch me ridin dirty's picture

ZH needs to stop with all this hateful POMOPHOBIA.

Nothing worse than a bigoted POMOPHOBE.

Sat, 06/01/2013 - 04:34 | Link to Comment auric1234
auric1234's picture

19 June POMO-free day overlaps with FOMC meeting. I'm trying to figure out what this means....

Any ideas?

 

Mon, 06/03/2013 - 16:09 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

what do YOU think it means?

Short much?

http://yeswecoupon.com/wp-content/uploads/2012/08/ky.jpg

Wed, 06/05/2013 - 03:16 | Link to Comment auric1234
auric1234's picture

And then we have this week's NFP which is also non-POMO.

Yes, I think the bulls are beginning to hesitate, so they need to punish the bears again. Someone is going to inflict pain on everyone wearing shorts.

 

Mon, 06/03/2013 - 16:07 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

so today for 2 trading weeks the only NON-POMO day is friday?

BURRISH!!

except Friday, friday...

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