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Dow Dead-Cat Bounces Off 200DMA; Nasdaq Ends Below 50DMA

Submitted by Tyler Durden on 10/09/2013 16:12 -0400

As headline after headline was regurgitated and used a momentum igniting ammo in stocks, the S&P managed to get back to post-Yellen-news highs before dumping into the close on the back the Fidelity "Sell" news. S&P futures closed perfectly at VWAP (and green) but the Russell and Nasdaq closed red. The Dow bounced off its 200DMA and set the lows for the day. USD strength across the board was not rotating into stocks or bonds or PMs as we suspect cash is the friend of the repo-angst deleveraging ahead. Copper and Oil are -2.3% on the week, Gold -0.4% and Silver remains positive +0.5% on the week. Treasury yields limped higher to +2bps or so on the week. VIX fell back on the day from spike high levels of 2013.

Stocks skidded into the close following the nervous Fidelity news...

The Dow bounced off its 200DMA... and NASDAQ close below its 50DMA...

Not exactly a convincing rally off such a huge technical level...

and the S&P seemed to just want to get back to Yellen-news levels from last night before giving it all back...

Commodities were sold hard during the European day session and rose after Europe closed...

Treasuries showed weakness across teh complex today - obviously led by the ultra-short-term Bills...

Charts: Bloomberg

Bonus Chart: Makes you think eh?

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Wed, 10/09/2013 - 16:27 | 4039088 Tsar Pointless

Dump hard tomorrow? Good possibility.

Go Bucs!

Wed, 10/09/2013 - 17:04 | 4039214 indianajohns04

I want that first playoff series that I can remember. I hope Mellon lets us wear our jerseys tomorrow!

Wed, 10/09/2013 - 17:07 | 4039229 bank guy in Brussels

Mr Tyler Durden(s), the 'dead cat bounce' metaphor is extremely disturbing and a great offence to many ZeroHedge reader animal lovers ...

WoRsE ThaN RaCIsM & EtHniC SLuRs ! SeRIoUSly !

It is like laughing over dead children

Please, Tyler(s), there is no need for that ugly phrase on our much-beloved ZeroHedge ... Tylers are clever, Tylers can think of something different to say, that is not mean and cruel to the most vulnerable and defenceless !

Wed, 10/09/2013 - 18:29 | 4039500 Kirk2NCC1701

You sound like MDB took over your body.

Wed, 10/09/2013 - 20:24 | 4039796 dime2962

Its a technial term you rocket scientist. hold on let me write this in your language.

ItS a tEchniCal tErm yOu RockEt ScientIsT. PerHaPs if YoU hAd aNy eXpErienCe yoU MiGHt KnoW tHat.

Wed, 10/09/2013 - 21:14 | 4039947 gonetogalt

@ dime2962

Chill dude, dry humor without a sarc tag is ZH's asshole trap/punji pit for the unwary...

BG knows his shit.

Wed, 10/09/2013 - 16:29 | 4039090 walküre

Those who panic first, panic best.

Wed, 10/09/2013 - 16:28 | 4039091 NOTaREALmerican

As long as the printing merry-go-round keeps going `round ya gotta keep riding the free money ponies.

Wed, 10/09/2013 - 16:35 | 4039103 Caracalla

Yeah, but according to the Fed minutes, tapering is coming, maybe as soon as the end of this months. It might be that tapering is coinciding with the debt ceiling debate and so Obummer can blame the GOP for the stock market crash when tapering causes it.

Wed, 10/09/2013 - 16:33 | 4039098 prains

Time to put your dead pussy on the barbee

Wed, 10/09/2013 - 16:36 | 4039107 lakecity55

A friend, years ago, was busted and adjudicated for counterfeiting.

He once told me, "It worked Great until it didn't."

Wed, 10/09/2013 - 16:43 | 4039134 Herd Redirectio...

Was it Fed? I know Fed.

Wed, 10/09/2013 - 16:40 | 4039112 NOTaREALmerican

Whoz got the loot?

Executive summary:

http://www.theguardian.com/news/datablog/2013/oct/09/worlds-wealthy-where-russia-rich-list

The actual report:

http://images.smh.com.au/file/2013/10/09/4815797/cs_global_wealth_report_2013_WEB_low%2520pdf.pdf?rand=1381288140715

Wed, 10/09/2013 - 16:42 | 4039132 Herd Redirectio...

Interesting, but no real surprises. The wealth in Russia was centralized (i.e. the country was looted) shortly after the fall of Communism. I am reminded of the story of Yukos... Which was sold at the government auction for what, $400m? And then sold by the new owner (Berezovsky/Rothschild), for $20 billion?

Wed, 10/09/2013 - 16:39 | 4039119 Randoom Thought