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VIX Slam Steadies Stock Slump

Tyler Durden's picture




 

Yesterday we saw that JPY crosses lost their momentum-igniting effect on stocks as US equities suffered. This morning has seen the machines fall back to their old standard - the VIX slammer. However, while VIX is being slammed, stocks are not rising as much as expected. Trannies are back into the green year-to-date but we note more importantly that this most recent wrench higher has lifted S&P 500 futures to yesterday's closing VWAP - a crucial levels for market-making algos to make money. Silver is spiking once again; bonds are selling off very modestly (+2bps) and the USD is fading slightly.

S&P back at yesterday's VWAP on this ramp... (let's see if it holds or the big boys sell at VWAP)

 

helped by VIX...

 

Which has lifted Trannies green YTD...

 

And silver is lifting too once again...

 

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Tue, 01/14/2014 - 12:20 | 4330692 FieldingMellish
FieldingMellish's picture

And now the PMs get smacked. What was it this time 30,000,000 contracts at once? Sure why not? Nothing going on here CFTC. Nope. All perfectly legit.

Tue, 01/14/2014 - 12:23 | 4330696 Keyser
Keyser's picture

Subtle is a term they don't understand...  

Tue, 01/14/2014 - 12:43 | 4330771 JohnnyBriefcase
JohnnyBriefcase's picture

When it's this blatantly obvious, you know they have paid everyone to look the other way.

Tue, 01/14/2014 - 13:02 | 4330695 Cognitive Dissonance
Cognitive Dissonance's picture

Somebody/thing just sat on Gold. Just a coincidence I guess.

<The last five years have washed any belief I may have had in coincidences completely away.>

Tue, 01/14/2014 - 12:24 | 4330697 Charles Nelson ...
Charles Nelson Reilly's picture

un-fucking-belivable... same as it ever was I guess.  1260-1265 has to be defended big time for the shorts right now.

Tue, 01/14/2014 - 12:24 | 4330698 Hindenburg...Oh Man
Hindenburg...Oh Man's picture

Gold got squashed at about the same time it seemed like a giant hand was levitating NASDAQ 100 futures. So much for the correction. Let's make sure we reverse those losses in the first 2 hours!

 

 

Tue, 01/14/2014 - 12:35 | 4330728 Dr. Engali
Dr. Engali's picture

It must be nice to have an infinite amount of digital fiat to manipulate markets in any direction you wish.

Tue, 01/14/2014 - 12:25 | 4330701 HUGE_Gamma
HUGE_Gamma's picture

Silver is lifting-- you mean lifting the bids on its puts??

Tue, 01/14/2014 - 12:27 | 4330707 El Hosel
El Hosel's picture

The Oldest Trick in the New Normal Book... 

The VIX slam, never gets old and it looks so Real, just like the rest of "The Market".

Tue, 01/14/2014 - 12:27 | 4330705 ebworthen
ebworthen's picture

Slish-slosh, slish-slosh.

01001011101001010100

Beep-boop-beep, jigger, wiggle, flop/flip.

Wonder what the humans are doing this fine day?

Tue, 01/14/2014 - 12:27 | 4330708 The_Ungrateful_Yid
The_Ungrateful_Yid's picture

Right on que..... 3...2......1   smash.

Tue, 01/14/2014 - 12:27 | 4330709 ...out of space
...out of space's picture

1M gofo still minus

Tue, 01/14/2014 - 12:31 | 4330716 hugovanderbubble
hugovanderbubble's picture

Im loading VIX till 22% sell.

Tue, 01/14/2014 - 12:32 | 4330718 Rising Sun
Rising Sun's picture

Nasdaq is above yesterday's open.  That took about 2 hours to wipe out yesterday's losses.

 

What a fucking shit show!!!!

 

50M Americans on food stamps.  Labor participation rate at 1978 levels - MOAR RECORD MARKETS

 

FUCK YOU BARRY YOU GOD DAMN PIECE OF FUCKING SHIT!!!!

Tue, 01/14/2014 - 12:35 | 4330731 El Hosel
El Hosel's picture

Here Here!

Tue, 01/14/2014 - 13:24 | 4330966 TheRideNeverEnds
TheRideNeverEnds's picture

The only fundamental that matters is the FED; just close your eyes and buy the dip.  

 

Its so easy a monkey could do it.  

Tue, 01/14/2014 - 12:34 | 4330725 rubearish10
rubearish10's picture

The bears got their -20 handles yesterday. What more could they possibly want? Unfreaken believable! Now we wait 4 more months for the next one!

Tue, 01/14/2014 - 12:35 | 4330729 Max Damage
Max Damage's picture

Yesterday - VIX +9%     Dow -180

Today - VIX -9%       DOW +70

Crooks

Tue, 01/14/2014 - 12:36 | 4330741 rubearish10
rubearish10's picture

Hawks comments may have leaked as more dovish? OMG!

Tue, 01/14/2014 - 12:37 | 4330742 Bugsquasher
Bugsquasher's picture

There was no way that tptb we going to let a silver spike like that happen twice in one week. Hence we got another massive paper dump in quick response. What a shock I know.

Tue, 01/14/2014 - 12:38 | 4330748 Dr. Engali
Dr. Engali's picture

Did everybody get a chance to buy that dip yesterday? Now that a few shorts have jumped on the sacrificial sword, it's time for old Yeller to ram a hot poker up their ass.

Tue, 01/14/2014 - 13:15 | 4330922 El Hosel
El Hosel's picture

Gold and Silver flirting with a breakout, The Machine can't stand the thought of it. Make a stand here because the next one will be 10% higher..for silver anyway.

Tue, 01/14/2014 - 13:14 | 4330923 The_Ungrateful_Yid
The_Ungrateful_Yid's picture

Now you know we can't have two days in a row of negative losses! Shit, that would be sacrilege.

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