WTF Chart Of The Day: Fun-Durr-Mentals Edition

Tyler Durden's picture

Money on the sidelines? EM fixed? Expectations of a terrible jobs number tapering the taper? One thing we do know for absolute certain - this ramp in stocks has nothing whatsoever to do with fun-durr-mentals... as USDJPY 102 takes the S&P back to unch on the Taper and above its 100DMA.

 

USDJPY 102.000 Tagged...

 

It seems the so-called "market" liked the guilty verdict on Martoma?

Though we suspect the machines are desparate to get the S&P back to unchanged from the taper...

 

and above the 100DMA...

 

Charts: Bloomberg

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Exile on Mainstreet's picture

you walked over heeya cletus, but choo gonna limp back

Levadiakos's picture

SPX been tracking USD/JPY like a hungry bloodhound for days

Headbanger's picture

Looking like the market is "back testing" the major trend line it broke below on Monday so this is about the top of the bounce.

Which means its about to hit a wicked down draft tomorrow!

http://2.bp.blogspot.com/-e8KZ4R1SBAo/UvBRMeGHyLI/AAAAAAAAXrQ/CgGj2-MtrF...

http://1.bp.blogspot.com/-LctJ7slpMgA/UvLTpNLb67I/AAAAAAAAXtA/DyP9MwGWuK...

Both charts thanks to Daneric's blog!

TheRideNeverEnds's picture

I think it is more likely the bottom of this pullback that we spring off of on our way to close out FEB over 1850.

 

The only real question is will we pass 1900 by March or will it take till April to break that level because new highs are a given.  

 

Hopefully you bought the dip and took a picture of the ES trading 1750 because you will never see that again. 

 

 

dontgoforit's picture

I thought that dip was a trend developing.  Maybe the dead cat bounce?  My best bud told me he bought the dip.  I told him I thought he was loco....we'll see, but he's sure looking good today!

yogibear's picture

The dip buyers seem to winning, almost 5 years and counting.

fonestar's picture

But what happens when they announce there's no more deliverable gold?

RockRiver's picture

But what happens when they announce there's no more deliverable gold?

 

Why would anyone announce that? Even if it were true, and it likely is, why would you expect them to make any sort of announcement about it?

atomp's picture

<= DCB

<= off to the races

Callz d Ballz's picture

Taste the rainbow!

Levadiakos's picture

With AZ Ice Tea and Robytussin...YEEEEESSSSS

LawsofPhysics's picture

Keep on rocking in the free world! or A sucker born every minute?

My grandfather always said that things were pretty damn awsome right before WWII.

buzzsaw99's picture

Not impressive at all. It just doesn't take much trading volume to move markets anymore.

Callz d Ballz's picture

Being led by Disney no less, should I say more...

 

http://www.marketwatch.com/investing/stock/DIS

Levadiakos's picture

100% of revenues derived from sheeple.

Dr. Engali's picture

Fundamentals.... Lol that's so 20th century.

The man with pointy horns's picture

More like Fun-Derp-Mentals these days!

Stoploss's picture

Like shooting ducks in a barrel. Almost to 102

Levadiakos's picture

Rolling over now. 102.06

ArkansasAngie's picture

What a crock of odiferous material.

 

Smegley Wanxalot's picture

Which came first, the Japanese chicken or the S&P egg?

Spastica Rex's picture

Seriously.

I mean, seriously - I don't know. I would like to read a cogent layman's explanation on the cause and effect thing here.

starman's picture

Just saw a naked women riding on a horse

looked like lady godiva except for her short hair

Yellen?

Levadiakos's picture

Big Mouth Billy Bass: Detroit's favorite intruder alert system

dontgoforit's picture

Maybe the plan is to just write it off.

sink critically's picture

Oh yes, it will be written off, but only for those in the big club. The rest of us will be held as collateral.

undercover brother's picture

MyRA with no risk and guaranteed returns is yet another idiotic ponzi scheme concocted by your elected officials.  this bullshit has got to stop.  kick out all of these buffoons.

stant's picture

name change coming soon, war bonds

yogibear's picture

MyRa is rhe Federal way to off-load it's treasuries.

All Obama supporters need to put all their money into the MyRa because their messiah said so.

adr's picture

So essentially one penny added 20 points to the S&P?

Makes sense.

Unknown Rider's picture

If this is an example of Japanese QE impacting our market then I've got to wonder how large an impact US QE has on other markets, and how far it'll fall when it's all gone. Doesn't matter which one hits the ground first either.

ReactionToClosedMinds's picture

somewhat off topic .....

did you see David Weidner's trash of anyone gloomy?  Sure hope Weidner is not Icarus flying too close to the sun ....

http://www.marketwatch.com/story/correction-to-writing-on-the-wall-column-2014-02-06?siteid=rss&rss=1