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S&P Futures Collapse Over 30 Points - Back To Pre-Taper Levels

Tyler Durden's picture





 

After tagging the stops above 1,800 overnight following the Turkish rate hike, S&P futures have collapsed over 30 points and are hovering back at pre-Taper levels from 6 weeks ago. For now USDJPY 102 is critical support for stocks. 10Y bond yields have slammed lower testing 2.70 and the lowest levels in 2 months.

S&P futures have collapsed over 30 points from overnight highs...

 

 

Still think its about fun-durr-mentals...(JPY carry is in charge)

 

Charts: Bloomberg

 


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Wed, 01/29/2014 - 10:31 | Link to Comment the not so migh...
the not so mighty maximiza's picture

Ahhhharghhhhhhhh..bitchez

Wed, 01/29/2014 - 10:34 | Link to Comment Pool Shark
Pool Shark's picture

 

 

Time to buy MyRA hand over fist...

 [Total market Cap: $4,918.00]

 

Wed, 01/29/2014 - 10:38 | Link to Comment Millivanilli
Millivanilli's picture

Double post.. solly

Wed, 01/29/2014 - 10:43 | Link to Comment Headbanger
Headbanger's picture

Again,  Major support could soon be broken:

http://4.bp.blogspot.com/-WlbKeWFrQ8Y/UugscJ99saI/AAAAAAAAXoo/o3Dt-taeKY...

Chart is from Daneric's blog

Wed, 01/29/2014 - 13:44 | Link to Comment Jack Napier
Jack Napier's picture

The top is in, you heard it here first. Worth a shot at least. Heck, even a stopped clock is right once a day.

Wed, 01/29/2014 - 11:14 | Link to Comment Millivanilli
Millivanilli's picture

MYRA Guaranteed by Barack Madoff Obama

 

Macdaddy is a real pimp.   And we know all pimps have a top bitch they love more than the bottom bitchezzz..

Wed, 01/29/2014 - 10:49 | Link to Comment bobert
bobert's picture

Did you forget the T?

And just think a treausries market cap will always go up. Price won't but cap will.

Wed, 01/29/2014 - 13:11 | Link to Comment DoubleTap
DoubleTap's picture

I thought if I had another daughter I'd want to name her Myra. Not so much anymore.

 

Wed, 01/29/2014 - 10:34 | Link to Comment new game
new game's picture

nice day to toast a melt down!

smell of a little freash blood in da streets...

Wed, 01/29/2014 - 10:36 | Link to Comment Pool Shark
Pool Shark's picture

 

 

At this rate, the NASDAQ will have a '3'-handle by Friday...

 

Wed, 01/29/2014 - 10:43 | Link to Comment new game
new game's picture

SUPPORT IS BROKEN - pile on to begin in ernest.

many fires going. which to pomo first! slam gold, oh no sinking s and p.

currencey wars! what next yeller?

Wed, 01/29/2014 - 10:45 | Link to Comment Headbanger
Headbanger's picture

S&P breaking below 1750 will cause an epic, massive, loud and really big implosion!

Wed, 01/29/2014 - 11:09 | Link to Comment new game
new game's picture

exits are getting crowded...

Wed, 01/29/2014 - 10:46 | Link to Comment SAT 800
SAT 800's picture

Hmm, I love the smell of fresh blood in the morning.

Wed, 01/29/2014 - 11:19 | Link to Comment The Vineyard
The Vineyard's picture

We're all waiting for a collapse.  But those boys in the Ivy League Mafia can keep the balls in the air a long long time.  You gotta hand it to them.  They are good at what they do.

Wed, 01/29/2014 - 10:34 | Link to Comment TeamDepends
TeamDepends's picture

Hmmm, markets not convinced Barry's No Risk Bicycle Helmet For All pogrom is going to work?

Wed, 01/29/2014 - 10:47 | Link to Comment RSloane
RSloane's picture

Markets are convinced that it will work as well as Barry's health care program.

Wed, 01/29/2014 - 10:34 | Link to Comment Kaiser Sousa
Kaiser Sousa's picture

watch the sideways trading in the phony paper price of Gold below $1270

and Silver below $20...

the MoneyChangers r trying to hold hard caps there....

Wed, 01/29/2014 - 10:34 | Link to Comment starman
starman's picture

Anyone care for a game of financial dominos?

Wed, 01/29/2014 - 13:21 | Link to Comment atomp
atomp's picture

How about global thermonuclear war?

Wed, 01/29/2014 - 10:36 | Link to Comment HelluvaEngineer
HelluvaEngineer's picture

Get to work, Mr. Yellen.

Wed, 01/29/2014 - 10:36 | Link to Comment stant
stant's picture

down 131 in 2 min circuit breakers in  t-minus  10. 9

Wed, 01/29/2014 - 10:35 | Link to Comment new game
new game's picture

taper bitchez, taper!

65billipn treas shift, 0 b mbs or much less.

jmfo

Wed, 01/29/2014 - 10:54 | Link to Comment Cursive
Cursive's picture

@new game

The BERNasdaqELLIN Market in a nutshell.

Wed, 01/29/2014 - 10:36 | Link to Comment devo
devo's picture

Last one out is a rotten egg!

Wed, 01/29/2014 - 10:39 | Link to Comment SAT 800
SAT 800's picture

Ding! Ding! and the market is open. and the Dow is down 138pts. and the global DOW is falling off a cliff. So this is what happens when a moron offers to intervene in the economy himself? Amazing; he's a one man disaster. Thank God New York managed to get control of that friggin silver market; it was going vertical; they must have sold 300 years of mine production in five minutes to stop that; oh well, whatever.

Wed, 01/29/2014 - 11:50 | Link to Comment bustdrs
bustdrs's picture

Silver approaching then kept under 20.......
"Must have taken 300 years of mine production to stop that" LOL
Quote of the week

Wed, 01/29/2014 - 10:39 | Link to Comment new game
new game's picture

stripper clips are EMPTY!

Wed, 01/29/2014 - 10:40 | Link to Comment Boston
Boston's picture

10Y bond yields have slammed lower testing 2.70 and the lowest levels in 2 months.

Hoocoodanode?

Wed, 01/29/2014 - 10:40 | Link to Comment SAT 800
SAT 800's picture

This is way more fun than football. See real stuffed shirts get the shit kicked out of them; whee !

Wed, 01/29/2014 - 10:44 | Link to Comment Sufiy
Sufiy's picture

Jim Rickards on Janet Yellen: Like all central planners, she will fail. 

http://sufiy.blogspot.co.uk/2014/01/jim-rickards-macro-view-meet-janet.h...

Wed, 01/29/2014 - 10:45 | Link to Comment USRegulation
USRegulation's picture

Hi everyone! Sorry to barge in like this, but I am actually trying to do something to try and make the markets fairer. Please read my new book:

"Leverage & Extortion: One Man;s Story of How The US Government Operates" (Amazon-2014)

http://www.amazon.com/Leverage-Extortion-Story-Government-Operates/dp/1494948605/ref=sr_1_cc_2?s=aps&ie=UTF8&qid=1391005966&sr=1-2-catcorr&keywords=vincent+mccrudden

Also please check out this new website and pass it on to your friends:

www.pfgr.org

Thank you! Have a nice day!

 

Wed, 01/29/2014 - 11:12 | Link to Comment Iocosus
Iocosus's picture

Trying to make the markets fairer? Seriously?

Anyway, why is the market injecting the Euro with morphine again?

Wed, 01/29/2014 - 11:18 | Link to Comment The_Ungrateful_Yid
The_Ungrateful_Yid's picture

LOL DIS GUY

Wed, 01/29/2014 - 11:47 | Link to Comment Offthebeach
Offthebeach's picture

Well, I'm always a sucker for attempted decency, but the last straight up honest bucket shop was Meyer Lansky's up-Hudson casino in the war years.

Wed, 01/29/2014 - 10:46 | Link to Comment Ness.
Ness.'s picture

The day isn't over.  You all know how this day ends - dow/snp down a few pts, maybe even green.  Move along.

 

Wow - stocks BLASTING higher as I type.  The Tyler "market is collapsing" articles are the BTFD trigger if ever there was one.

Wed, 01/29/2014 - 10:53 | Link to Comment Cursive
Cursive's picture

@Ness.

Careful picking up nickels....

Wed, 01/29/2014 - 10:55 | Link to Comment Ness.
Ness.'s picture

I'm shorter than a legless midget and I hate this centrally planned bullshit but I swear to God that Kevin Henry reads ZH and ramps equities just to prove a point.

Gold bitchez!!

Wed, 01/29/2014 - 10:56 | Link to Comment eclectic syncretist
eclectic syncretist's picture

Go back to sleep and tune in at 2:15 with the Fed announcement is made.  Then you'll see some fireworks!

Wed, 01/29/2014 - 10:46 | Link to Comment new game
new game's picture

yea first q, 2 minutes into game, fucken-eh. many turnovers coming, high scoring game; take the over...

Wed, 01/29/2014 - 10:47 | Link to Comment Lewshine
Lewshine's picture

The Fed is trying to keep the cork in this market - Down 180 (2 seconds later), down 128, Down 165 (3 seconds later), Down 112, BECAUSE THERE IS ALWAYS BUYERS OF THIS SIZE IN A CRISIS.

Wed, 01/29/2014 - 11:10 | Link to Comment The_Ungrateful_Yid
The_Ungrateful_Yid's picture

Sure does. I made a fortune that way....never let a buying opportunity goto waste . Time to grab your balls and put your big boy panties on in situations like this.

Wed, 01/29/2014 - 10:50 | Link to Comment Siouxwestern
Siouxwestern's picture

Can anyone point to a precise description/link of the theory as to why the USDJPY pair is so influential on stocks?

 

I.e., show the math. Thanks. -Sioux

Wed, 01/29/2014 - 10:49 | Link to Comment fuu
fuu's picture

What-o-what will happen when Europe closes...

Wed, 01/29/2014 - 10:50 | Link to Comment Kaiser Sousa
Kaiser Sousa's picture

fucking Dow is already attempting to execute its "unexpected miraculous" miracle v-shaped rocket glide to the upside...

what a country!

 

Wed, 01/29/2014 - 10:52 | Link to Comment the not so migh...
the not so mighty maximiza's picture

national security issue

Wed, 01/29/2014 - 10:52 | Link to Comment new game
new game's picture

is it a falling sharpie? lead ballon/pomo levitiation/primary dealer marching orders...

Wed, 01/29/2014 - 10:54 | Link to Comment derek_vineyard
derek_vineyard's picture

these small moves arent shit

 

 

Wed, 01/29/2014 - 11:05 | Link to Comment bigiof
bigiof's picture

Hi there, on the last graph I do not figure what are the red and orange curves? Thanks for your help

 

Wed, 01/29/2014 - 11:09 | Link to Comment Rising Sun
Rising Sun's picture

Here comes the buy back.

 

That fucking cunt Janet Yellen has those printers fired up.

 

Eat shit and die Yellen.

Wed, 01/29/2014 - 11:11 | Link to Comment Quinvarius
Quinvarius's picture

The terror of a down day on an FOMC announcement and just after the President speaks.  This will not be allowed to happen.  Paper markets are about enforcing establishment credibility.

Wed, 01/29/2014 - 11:14 | Link to Comment new game
new game's picture

ring fenced at -100pts dow...

gotta go make some real dough...

happy blood hounding!

Wed, 01/29/2014 - 11:38 | Link to Comment Thalamus
Thalamus's picture

The reversal this a.m. doesn't bode well for the market.  Something is going on behind the scenes. 

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