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 | 4379481 the not so migh...
the not so mighty maximiza's picture


Wed, 01/29/2014 - 10:34 | 4379485 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 | 4379502 Millivanilli
Millivanilli's picture

Double post.. solly

Wed, 01/29/2014 - 10:43 | 4379524 Headbanger
Headbanger's picture

Again,  Major support could soon be broken:


Chart is from Daneric's blog

Wed, 01/29/2014 - 13:44 | 4380388 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 | 4379503 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 | 4379562 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 | 4380248 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 | 4379488 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 | 4379496 Pool Shark
Pool Shark's picture



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


Wed, 01/29/2014 - 10:43 | 4379518 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 | 4379544 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 | 4379640 new game
new game's picture

exits are getting crowded...

Wed, 01/29/2014 - 10:46 | 4379542 SAT 800
SAT 800's picture

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

Wed, 01/29/2014 - 11:19 | 4379667 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 | 4379486 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 | 4379546 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 | 4379489 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 | 4379490 starman
starman's picture

Anyone care for a game of financial dominos?

Wed, 01/29/2014 - 13:21 | 4380305 atomp
atomp's picture

How about global thermonuclear war?

Wed, 01/29/2014 - 10:36 | 4379491 HelluvaEngineer
HelluvaEngineer's picture

Get to work, Mr. Yellen.

Wed, 01/29/2014 - 10:36 | 4379493 stant
stant's picture

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

Wed, 01/29/2014 - 10:35 | 4379499 new game
new game's picture

taper bitchez, taper!

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


Wed, 01/29/2014 - 10:54 | 4379590 Cursive
Cursive's picture

@new game

The BERNasdaqELLIN Market in a nutshell.

Wed, 01/29/2014 - 10:36 | 4379501 devo
devo's picture

Last one out is a rotten egg!

Wed, 01/29/2014 - 10:39 | 4379505 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 | 4379870 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 | 4379507 new game
new game's picture

stripper clips are EMPTY!

Wed, 01/29/2014 - 10:40 | 4379508 Boston
Boston's picture

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


Wed, 01/29/2014 - 10:40 | 4379509 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 | 4379531 Sufiy
Sufiy's picture

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


Wed, 01/29/2014 - 10:45 | 4379539 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)


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


Thank you! Have a nice day!


Wed, 01/29/2014 - 11:12 | 4379583 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 | 4379668 The_Ungrateful_Yid
The_Ungrateful_Yid's picture


Wed, 01/29/2014 - 11:47 | 4379843 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 | 4379540 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 | 4379582 Cursive
Cursive's picture


Careful picking up nickels....

Wed, 01/29/2014 - 10:55 | 4379592 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 | 4379597 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 | 4379541 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 | 4379549 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 | 4379610 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 | 4379567 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 | 4379573 fuu
fuu's picture

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

Wed, 01/29/2014 - 10:50 | 4379576 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 | 4379581 the not so migh...
the not so mighty maximiza's picture

national security issue

Wed, 01/29/2014 - 10:52 | 4379584 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 | 4379586 derek_vineyard
derek_vineyard's picture

these small moves arent shit



Wed, 01/29/2014 - 11:05 | 4379625 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


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