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Parabolic Europe Closing Ramp

Tyler Durden's picture




 

Presented with little comment just to note the entirely news and fundamentals driven ramp in US equities has an odd correlation with the smash in AUDJPY... (and it's Tuesday and a POMO)

3 legs:

1. US open - yay, stocks are open to buy...

2. Quick - Buy Bonds and Buy Stocks - we need that regime back...

3. We need Green!! - ramp AUDJPY...

Or maybe it was none of the above, and it was just select Reuters clients reacting to the very early leak of the University of Phoenix Consumer Spying index, which will have just hit a record high when it is released to the broader public in due course...

 

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Tue, 06/11/2013 - 11:39 | 3646252 HaroldWang
HaroldWang's picture

Just a head fake. Dow will close down triple digits. Just messin with our heads again.

Tue, 06/11/2013 - 11:46 | 3646288 nope-1004
nope-1004's picture

Computer rigged casino "market", ponzi Federal Reserve, fascist government.  The normal reaction to J6P is, of course, to buy stawks.  Makes complete sense.

 

 

Tue, 06/11/2013 - 11:50 | 3646310 cifo
cifo's picture

Because it's Tuesday.

Tue, 06/11/2013 - 11:53 | 3646326 Big Slick
Big Slick's picture

Newswire 11:45 AM…  

Corrected headline: “Paul Krugman evacuates to coffee shop after Princeton bomb threat”

SHOULD read: “Paul Krugman evacuates coffee after Princeton bomb threat”

http://blogs.marketwatch.com/thetell/2013/06/11/paul-krugman-evacuates-to-coffee-shop-after-princeton-bomb-threat/

Tue, 06/11/2013 - 11:54 | 3646333 fonzannoon
fonzannoon's picture

Maybe that is why we rallied? TIS finally went after him?

Tue, 06/11/2013 - 12:18 | 3646432 Dr. No
Dr. No's picture

"In related news, Krugman disappointed it was only a hoax since all the broken windows would have boosted GDP"

Tue, 06/11/2013 - 12:02 | 3646373 Stoploss
Stoploss's picture

Uhh, that's Terrific Tuesday.

LOL!

Tue, 06/11/2013 - 11:49 | 3646295 Divided States ...
Divided States of America's picture

not after Wall Street fucks around with all the retail sheeps on both sides of the trade. Just another great day to work at the prop desk at GS, JPM, Citi

Tue, 06/11/2013 - 12:03 | 3646380 upWising
upWising's picture

University of Phoenix Consumers Spying Survey = U-PhoeCS ("U-Fucks")

The U-PhoeCS Index is issued weekly based on in-depth interviews of 7 Americans randomly selected from NSA databases.  Interview results are then scaled to yield the U-PhoeCS Score with a range of 0-100

A score from 0-49 indicates relatively LOW NSA activity, with interceptions of data below 3 trillion per day, or 0%-49% of all telephonic, email, text, and commerce messages.  A score of 50 indicates that Dancing With the Stars and The Voice have topped American Idle and Jeopardy in ratings.  A score from 51-100 indicates HIGH NSA activity with NSA intercepts reaching as high as 100% of all nationwide transactions, and lights dimming in major cities due to NSA electricity consumption.

U-PhoeCS rating for this week = 50.

 

Tue, 06/11/2013 - 11:39 | 3646254 SheepDog-One
SheepDog-One's picture

FREE MONEEZ yayyyyyy!!

Tue, 06/11/2013 - 11:52 | 3646317 El Oregonian
Tue, 06/11/2013 - 13:13 | 3646645 Randall Cabot
Randall Cabot's picture

Good one. Unfortunately I then clicked on this bizarre Barbara Eden version that was on the right side list:

https://www.youtube.com/watch?v=nABM14m7s7k

 

Tue, 06/11/2013 - 11:39 | 3646256 Hippocratic Oaf
Hippocratic Oaf's picture

Nothing can defeat the Kraken!!!

Tue, 06/11/2013 - 11:40 | 3646257 Racer
Racer's picture

May the farce be with you

Tue, 06/11/2013 - 11:40 | 3646258 thismarketisrigged
thismarketisrigged's picture

the ftse, dax, cac, ibex,ftsemib, stoxx600, all down 1 plus percent, nikkei, hang seng, all down 1 plus percent.

 

the dow and s&p? fucking flat. ya this is a real normal market

Tue, 06/11/2013 - 12:29 | 3646456 SmallerGovNow2
SmallerGovNow2's picture

Normal? no, this-market-is-rigged...

Tue, 06/11/2013 - 11:41 | 3646260 slaughterer
slaughterer's picture

Nobody sane really wants to buy the ES until it crosses its 20 DMA at 1647.  What is taking place right now is just FX correlation positioning on USD/JPY // AUD/JPY vol.

Tue, 06/11/2013 - 11:44 | 3646275 Bay of Pigs
Bay of Pigs's picture

Sane? What does that have to do with anything?

Tue, 06/11/2013 - 11:47 | 3646290 fonzannoon
fonzannoon's picture

These are just bullshit dips that will be bought again and again as we chop lower. Anyone on here trying to play it either way will just get chewed up and spit out.

Tue, 06/11/2013 - 12:00 | 3646363 slaughterer
slaughterer's picture

<<== Magical mystery dip.  (close green)

<<== Evil bull head-fake.  (close very red)

Tue, 06/11/2013 - 11:47 | 3646289 SheepDog-One
SheepDog-One's picture

'Sane' is a very relative term when everyone you're talking about are insane degenerate gamblers inside a rigged casino.

Tue, 06/11/2013 - 11:41 | 3646262 alphamentalist
alphamentalist's picture

just the asset "managers" stock up on tasty euro stocks below vwap. nothing to see.

Tue, 06/11/2013 - 11:41 | 3646264 transaccountin
transaccountin's picture

oh theres a AUDJPY connect now? how about when it was freefalling, no connect then huh? i cant fuking stand the constant connects between fx... theres always some fx going up, and its a reason to go up on es? guivem e a fuiking break

Tue, 06/11/2013 - 11:43 | 3646269 autofixer
autofixer's picture

$6 Billion in POMO bits this week.  And yes...I am comfortably numb.

Tue, 06/11/2013 - 11:46 | 3646276 slaughterer
slaughterer's picture

A good hedge is to roll WTI shorts when WTI crosses above 96.00 (the big wall) and cash in below on vol. days.   Been doing this for a few months now, and it has worked well.   

Tue, 06/11/2013 - 11:48 | 3646277 OldE_Ant
OldE_Ant's picture

I love the smell of roasting shorts in the morning!

Tue, 06/11/2013 - 11:44 | 3646278 AON
AON's picture

I don't care how hard they try now.  THEY ARE LOSING CONTROL!

 http://tinyurl.com/n8hmfya

Tue, 06/11/2013 - 11:45 | 3646282 SheepDog-One
SheepDog-One's picture

S&P now normal daily swing around 20 points or so....I guess this is the Fed main mandate 'price stability'? 

 

Tue, 06/11/2013 - 11:45 | 3646283 Dr. Engali
Dr. Engali's picture

Yet they manage to keep a cap on gold. Freaking amazing.

Tue, 06/11/2013 - 11:48 | 3646299 fonzannoon
fonzannoon's picture

I think gold is going lower Doc, perhaps substantially lower. But make no mistake, it is the dip you were waiting for.

Tue, 06/11/2013 - 11:52 | 3646313 Dr. Engali
Dr. Engali's picture

Maybe, but I doubt it will be available when the smash down comes. It's obvious things are starting to fall apart. Japan really screwed things up. Whether it is intentional or not, who knows.

Tue, 06/11/2013 - 11:53 | 3646318 fonzannoon
fonzannoon's picture

I've been wondering about that too. What, all of the sudden, set off Japan?

Tue, 06/11/2013 - 11:58 | 3646351 Divided States ...
Divided States of America's picture

Well fonzy...skynet became self aware...nobody really knew how...but it did...when the financial system has so many variables, no one knows what combination of things can start the spark in a room full of kerosene and flush with freshly 'printed' fiat money.

Tue, 06/11/2013 - 12:05 | 3646391 john39
john39's picture

the puppetmasters have always used chaos to their advantage... and all signs are that something major (WWIII) is just ahead...  but something is different this time...  perhaps this time, their old friend chaos doesn't quite work out as planned.  time will tell.

Tue, 06/11/2013 - 11:59 | 3646360 insanelysane
insanelysane's picture

I think their little skirmishes with China set them off.

Tue, 06/11/2013 - 13:43 | 3646800 Panafrican Funk...
Panafrican Funktron Robot's picture

Spot below $1400 was, and continues to be, the buy signal.  Physical is running out.

Tue, 06/11/2013 - 11:53 | 3646323 Divided States ...
Divided States of America's picture

Yeah I think so too...I think it may go between 1250 to 1350...but yes I will be loading up more...but in order to do so, you need to sell something else to raise the funds....and also, you want to make sure that there are willing sellers at those prices...

OK. Europe close is near...may drift lower now.

Tue, 06/11/2013 - 11:46 | 3646284 Racer
Racer's picture

They must have sniffed out some trailing short stops

Tue, 06/11/2013 - 11:46 | 3646285 I Am Not a Copp...
I Am Not a Copper Top's picture

Who honestly believed the "market" would stay down today?

Tue, 06/11/2013 - 11:48 | 3646294 slaughterer
slaughterer's picture

Amazing they manage to save the 10-year from the pre-market carnage and even pump up the ES during cash session.  Has Kev's signature all over it.  Boy has skills.  

Tue, 06/11/2013 - 12:01 | 3646366 gjp
gjp's picture

Anoyone still harbouring the misguided notion that there is rotation in play and that stocks, bonds, and all else are not tied together in one giant bubble should take a good look at today's action as both stocks and bonds fall dramatically pre-market and then 'miraculously' recover during Mr. Henry's working hours.

Tue, 06/11/2013 - 12:03 | 3646378 alphamentalist
alphamentalist's picture

skills. right. he also can buy without limit using uncle ben's fresh off the press cash. skills.

Tue, 06/11/2013 - 11:49 | 3646297 orangegeek
orangegeek's picture

LMFAO - the Dow is green after falling 150 at the open.

 

Nothing beats MO POMO applied at 10 minutes after the open.

 

Too bad for Europe - down 1.5%.

Tue, 06/11/2013 - 11:50 | 3646304 slaughterer
slaughterer's picture

<<== silver reaches $23 again

<<== silver never reaches $23 again

Tue, 06/11/2013 - 11:56 | 3646340 Bay of Pigs
Bay of Pigs's picture

$23 is the top?

HAHAHA...

Tue, 06/11/2013 - 12:01 | 3646359 fonzannoon
fonzannoon's picture

I actually voted that it won't BOP. I don't think we will see true price discovery in any asset again until the machines are turned off.

Right now we just keep getting fooled by false starts.

http://www.youtube.com/watch?v=DItgw1mU9Us

Tue, 06/11/2013 - 12:03 | 3646382 Dr. Engali
Dr. Engali's picture

I did the same thing for the same reason. As long as they can print as much fiat as they want they can manipulate the price to reflect whatever they want.

Tue, 06/11/2013 - 12:05 | 3646389 fonzannoon
fonzannoon's picture

I hope that damn stock pumping bull market loving Kito does not come on here and start pitching the dow again. I wish he would go over to yahoo finance where he belongs!

Tue, 06/11/2013 - 12:38 | 3646493 PiratePawpaw
PiratePawpaw's picture

I agree. I expect flat to lower as they try to hold on. It will only rise when they finally lose control.

Then you had better have already bought, 'cause there wont be any.

 

Tue, 06/11/2013 - 12:06 | 3646392 Bay of Pigs
Bay of Pigs's picture

Well, that's an interesting take on it.

Or maybe we wake up one day and gold and silver have doubled or tripled.

Tue, 06/11/2013 - 12:09 | 3646403 fonzannoon
fonzannoon's picture

If that happens, and I hear how a bunch of hedge funds made out like champs by buying the big dip in GLD and SLV I am selling all my phyz, ripping out my garden, taking out as many loans as possible and hitting the mall to buy as much shit as I can. I have a lot of catching up to do.

Tue, 06/11/2013 - 12:16 | 3646425 Bay of Pigs
Bay of Pigs's picture

I don't what changes will occur fonz. We are all guessers in this completely FUBAR'd sector. Nothing is based on reality.

Look at the Gold/XAU ratio, 13.31, lol.

Tue, 06/11/2013 - 12:37 | 3646489 Ronaldo
Ronaldo's picture

It seems as though they can keep the game on indefinately.  I still like my garden, gold, and goods (DRY).  I am sticking with the plan though tempted to through caution to the wind.

Tue, 06/11/2013 - 12:40 | 3646506 slaughterer
slaughterer's picture

It would be a miracle at this point if silver could even climb above $22 again.   Silver looks like it is perpetually ready to implode to $19-18.  Maybe Chine re-opening tomorrow will help, but I doubt it.  

Tue, 06/11/2013 - 11:50 | 3646307 thismarketisrigged
thismarketisrigged's picture

it would have only been funnier if the market was green last tuesday and the streak was still alive.

 

this is a total joke, and it just shows, because when they broughtthe dow back from down 150 to even, it has been flat since, basically showing there only intention was to go green.

Tue, 06/11/2013 - 11:53 | 3646319 CDNX fan
CDNX fan's picture

They got the "dippers" to chase the ramp so now it should be "Bombs away!" to -15 S&P. I hate this fucking bot-driven POS like it was a Ukranian mother-in-law.

Tue, 06/11/2013 - 11:53 | 3646320 CDNX fan
CDNX fan's picture

They got the "dippers" to chase the ramp so now it should be "Bombs away!" to -15 S&P. I hate this fucking bot-driven POS like it was a Ukranian mother-in-law.

Tue, 06/11/2013 - 11:54 | 3646329 CDNX fan
CDNX fan's picture

Did I actually double-click the "SAVE" bar?

Tue, 06/11/2013 - 11:54 | 3646330 Lady Heather...UNCLE
Lady Heather...UNCLE's picture

Funda-MENTALS ....BITCHEZ!

Tue, 06/11/2013 - 11:54 | 3646331 ThunderingTurd
ThunderingTurd's picture

Put the shorts on.  The pig was stuck and we are going to bleed...

Tue, 06/11/2013 - 12:14 | 3646344 OpTwoMistic
Tue, 06/11/2013 - 11:58 | 3646347 falak pema
falak pema's picture

Karlsruhe calling... will determine how the exchanges mumble or tumble. 

Tue, 06/11/2013 - 11:59 | 3646353 bonzo112358
bonzo112358's picture

Everyone feeling about like this over these asinine moves.

 https://www.youtube.com/watch?v=oDXySRK83Rc 

I think that says it all.

Tue, 06/11/2013 - 12:00 | 3646364 SILVERGEDDON
SILVERGEDDON's picture

Jack the motherfucking paper to THE MOON, Alice ! 

Them, pull the investment rug out from under all of the rubes who rushed in to buy.

P.T.Barnum said it best. " There's a sucker born every minute. " 

Tue, 06/11/2013 - 12:01 | 3646369 Dr. Engali
Dr. Engali's picture

Yahoo is beating up gold again....no mention anywhere about the recent bond sell off.

 

 

http://finance.yahoo.com/news/gold-slides-three-week-low-101100951.html

Tue, 06/11/2013 - 12:03 | 3646381 EclecticParrot
EclecticParrot's picture

 

With apologies to Neil Young:

 

GOLDFINGER

Look out Mama, there’s an algo comin’ up the river

With a big bull flag and a candle with a mile-long tail

I think we’d better move our stops

Cuz it don’t look like they’re here

to deliver the mail

It’s a millisecond away

I hope it’s not here to stay

It’s got “Goldman” on the side, high volume, 

and it’s making big waves

 

The SEC’s AWOL, and Bernanke’s huntin’ bears in the mountains

My boss’s been drinkin’ since May 6, 2010

So the powers that be left me here to do the trading

And I just turned twenty-two

I was wondering what to do

The more I lost, the more those feelings grew

 

Logitech mouse in my right hand felt reassuring

They told me Green means Run, son, numbers add up to nothin’ 

But when the first spike hit the tape, I never saw it comin’

Raised ‘The Finger’ to the sky

Never stopped to wonder why

Then I saw black and my account balance went bye-bye

Tue, 06/11/2013 - 12:04 | 3646383 medium giraffe
medium giraffe's picture

The Parabolic European Closing Ramp is becoming such a common theme that I propose we use an acronym: Ladies & Gentlemen, I present for your approval 'the PECR' (pronounced 'pecker)'.

Tue, 06/11/2013 - 12:25 | 3646448 EclecticParrot
EclecticParrot's picture

I wonder if the Tylers will find this to be another quote-spamming rally, like on Thurs afternoon.  The 5-min volume histogram just doesn't support what happened today.  Thankfully, it appears to be rolling over, so those of us caught with our shorts down can get out without losing a mortgage payment.  Fuckheads.

Tue, 06/11/2013 - 12:38 | 3646494 slaughterer
slaughterer's picture

A dip below 80 in the McLellan oscillator has presaged multi-week bull runs for the last 3 years.  We had such a dip last Thursday.  This is the last run to ES 1700 before the summer doldrums and 2Q massacre.  

Tue, 06/11/2013 - 12:39 | 3646500 venturen
venturen's picture

What another truck load of money from the FED...what to do?

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