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NASDAQ Joins Trannies Green Year-To-Date

Tyler Durden's picture





 

With the Dow Transports pressing new record highs this morning (up 1% in 2014), the Dow Industrials are still lagging (down 0.8% year-todate). Despite a bid in Treasuries this morning (5Y and 7Y -2bps), stocks are jumping since the US open, helped by a lift in JPY crosses (USDJPY bounce off 103), dragging the NASDAQ into the green once again for 2014. Gold and silver have recovered the early losses but WTI crude continues to slide (back under $92).

 

 

Stocks are 'correlated' with the reversal off 103 in JPY - but it seems a little to high beta to be sustained for now...

 


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Mon, 01/13/2014 - 11:50 | Link to Comment NoDebt
NoDebt's picture

The only way you could avoid having fun at this party is to buy gold miners.

Mon, 01/13/2014 - 12:09 | Link to Comment TeamDepends
TeamDepends's picture

Metals have snatched the hammer from the hand of the oppressors and are about to deliver the comeback beat-down of the millenium.  Hallelujah!

Mon, 01/13/2014 - 11:53 | Link to Comment orangegeek
orangegeek's picture

WTI Oil has support near 91 and may bring about consolidation before heading lower.

 

http://bullandbearmash.com/chart/spot-wti-oil-daily-bounces-support-fore...

 

A rising USD should accelerate this process

Mon, 01/13/2014 - 11:53 | Link to Comment Sudden Debt
Sudden Debt's picture

THE MARKETS WOULD BE TWICE AS HIGH IF JUST EVERYBODY STOPPED WORKING ALL TOGETHER!!

Mon, 01/13/2014 - 11:58 | Link to Comment Max Damage
Max Damage's picture

VIX getting slapped daily also. 

Mon, 01/13/2014 - 11:59 | Link to Comment G.O.O.D
G.O.O.D's picture

We need Moar machines online to push it higher. Prepare the laser.

Mon, 01/13/2014 - 12:02 | Link to Comment Marley
Marley's picture

http://www.bbc.co.uk/news/world-middle-east-25709371

Don't worry, this is what is know as a conscious.  You can keep right on killing people but they will be waiting for you when pass over.  And no, sixteen hail maries and $45 in the till will not make it better.

Mon, 01/13/2014 - 12:04 | Link to Comment NoDebt
NoDebt's picture

What about 20 Our Fathers and a nice, crisp Benjamin?  Would that get it done?

Mon, 01/13/2014 - 12:14 | Link to Comment G.O.O.D
G.O.O.D's picture

Could I deliver up an alter boy?

Mon, 01/13/2014 - 12:13 | Link to Comment Dr. Engali
Dr. Engali's picture

It's awfully arrogant of him to believe he is responsible for the actions of other people. He merely invented a rifle, he didn't pull the trigger.

Mon, 01/13/2014 - 12:16 | Link to Comment G.O.O.D
G.O.O.D's picture

Bullshit, that man is directly responsibel for all the global warming. I say Al Gore should buttfvk him until the artic freezes and the polar bears are saved.

Mon, 01/13/2014 - 13:15 | Link to Comment Hindenburg...Oh Man
Hindenburg...Oh Man's picture

I fully expect the NASDAQ to hit its obligatory .3-.5 percent increase for the day. Otherwise someone is asleep at the switch!

Mon, 01/13/2014 - 13:58 | Link to Comment Rising Sun
Rising Sun's picture

Janet Yellen is a Trannie - is that the same thing?

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