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Stocks Spike To Record Highs On Best 2 Days In 3 Months
The S&P 500 managed to get back into the green for 2014 - which means new all-time highs (topping the all-important 1850 level for the first time today). This is the best 2 days for the S&P since mid-October. Only the Dow remains red for 2014 (a 200bps underperformer versus the Trannies!) among the major indices as JPY carry once again dragged its equity cousins higher in fits and starts. Interestingly, VIX and 30Y bonds were not amused and did not join the party - both unchanged on the day. 5Y and 7Y bonds sold off modestly but rallied off the post-data spike highs in yields all through the US day session. The USD strengthened notably (+0.5% on the week) as JPY weakness led stocks. Oil jumped higher on the day to $94.50 (slamming the WTI-Brent spread) and despite USD strength, gold and silver lifted off early lows to close green. Volume was solid today as the 1.5% dip has been well-and-truly ripped (as banks and tech lead the charge).
The Long Bond ignored the party... (though 5s and 7s did sell off modestly...
As did VIX...
But stocks tracked AUDJPY and gladly made new all-time highs...
Which lifted the S&P 500 into the green for 2014 (but leavs the Dow lagging still - by over 200bps from Trannies!)...
As Financials and Tech led the charge today...
WTI surged higher (crushing the Brent-WTI spread) as gold and silver recovered off early lows (despite USD strength)...
Charts: Bloomberg
Bonus Chart: Everyone thank Nomura (the clear BoJ proxy) for saving stocks with the incessant selling of JPY...
Bonus Bonus Chart: Day after day after day... we open with a rip higher in the "most shorted" stocks... the dash-for-trash trade is still alive and well in 2014 - tripling market performance!!!!!
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When the music is playing...
Attention all cans!
Attention all cans!
Be prepared for another kicking down aisle 3!
Another kicking down aisle 3!
This time once again for the reality can being kicked.
Look mommy a pony! I wanna pony!
Oh, hioney what a great idea. Daddy just brought home a pony recipe book!
NASDAQ futures are scraping the top of the long term range again. Could be a good time to short it.
https://www.tradingview.com/e/wAGZagXL/#
I agree. tHe NASDAQ 100 futures went nuts, but then it definitely seemed less confident at the close.
Or the time to buy them as they shatter that resistance into expiration friday. Going to want to catch that train before it leaves the station and they really get moving on the upside; next stop the old highs around 5000.
Dude... you short right here and you'll get crushed. Do not short this market. It's going higher. Easiest trade in decades. Buy the dips all the way though the end of Obama's term. We havent peaked. NASDAQ 5000 S&P 2100 this year.
It is all God damn rigged by the crony socialist politicians and bankers. I'm letting my winnings ride. What could possibly go wrong?
As grotesquely offensive as it is, you gotta hand it to 'em! No shame, no conscience, no morals, just great, big, huge, greedy, give-em-the-finger balls!
Why bother analyzing charts. Central banks want equity markets to go higher and they do. What the fvck else seems to matter...
FedFUBAR.
I came here for the BONUS CHART!!!
I seem to remember seeing these exact same charts in the not-so-distant past...
If you're referring to 2000 or 2008 I couldn't agree more. I remember thinking how incredulous it was that stocks kept rising even after bear-Stearns collapsed. Investors have short memories apparently. When this shit goes down, the Fed will have already blown it's wad. What happens next.......war.
Awesome sheeple herd conditioning....have a couple down days followed next day by more record highs and now you've got total complacency.
Hopium is a motherfucker.
If you look at the 6 month Dow it's a perfect mini asset bubble and this is a textbook return to normal. Which make next week OH FUCK.
If you don't want your Nation or Corporation to look like the United States of America then you better arrest Loyd Blankfein and Jamie Dimon. Now!!! Arrest them.
They tried to slam the VIX but it came back
Man I love when a plan comes together.
If I had free money from the FED and some zippy machines right next to NYSE I could get rich rotating in and out of sectors and pumping and dumping too.
Slish-slosh, slish-slosh.
Looks like another year of record highs. I'm selling all of my silver and buying a ticket on the money train!
What are the "most shorted" stocks and who in their right mind is still shorting this charade? Someone is losing big bucks in this casino but we're not seeing tears or jumpers anywhere.
jump you fuckers
"Looks like another year of record highs. I'm selling all of my silver and buying a ticket on the money train!"
Silver is the money train. I bought shares of Pan American Silver and Silver Standard Resources less than a month ago and they're already up 13% and 18%.
But, but, but I thought this run up was supposed to mirror the stock collpase of 1929. Where are those two charts again?
It's not just 2 charts saying it's ready to crash. It's the mountains of other things.
-smart money left the stock market in spring/summer. they need to jump out early because it takes weeks or months to sell millions of dollars worth of stock.
-record high margin debt
-parabolic price increases on lower volume
-interest rate on the 10 year doubled in just a few months
-smart money moving into gold and gold mining companies
-debt ceiling concerns could trigger a pullback
-rollout of Obamacare brings a lot of uncertainty
-disappointing Q4 earnings could trigger a pullback (or a new high)
It's set to crash at any time. It could crash tomorrow or it could go up another 3 months. It's hard to say.
I bought a monkey.
I put a hat on him that says "Benji's Boy." And a t-shirt that says "Bananas for Beta." He sits at my desk.
I have him trained on the ES daily chart. Whenever he sees red, he hits the buy button. If it's a big red bar, he hits it twice.
There is no sell command.
Bernanke would be proud.
Indices either have topped today - or will top tomorrow or Friday.
+/- 2 weeks.
Thereafter a MAJOR correction will take place.
DYOD as I could be dead wrong. Unlikely though.
Not amazed, Same shit anotehr day
I laughed when i drove home today and listened to the market activity and all of the bullish sentiment pouring out of the media.
Let this be a lesson to those who feel the end is nigh. There will be no taper, no real taper. This runs until some external event ends it, and it will show up out of nowhere. You cannot number the day or know it.
Trade accordingly.