This page has been archived and commenting is disabled.

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

 


- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Thu, 02/06/2014 - 15:28 | Link to Comment Exile on Mainstreet
Exile on Mainstreet's picture

you walked over heeya cletus, but choo gonna limp back

Thu, 02/06/2014 - 15:43 | Link to Comment Levadiakos
Levadiakos's picture

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

Thu, 02/06/2014 - 16:02 | Link to Comment Headbanger
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!

Thu, 02/06/2014 - 18:01 | Link to Comment TheRideNeverEnds
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. 

 

 

Thu, 02/06/2014 - 15:28 | Link to Comment dontgoforit
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!

Thu, 02/06/2014 - 15:34 | Link to Comment yogibear
yogibear's picture

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

Thu, 02/06/2014 - 15:50 | Link to Comment fonestar
fonestar's picture

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

Thu, 02/06/2014 - 16:16 | Link to Comment RockRiver
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?

Thu, 02/06/2014 - 15:51 | Link to Comment derek_vineyard
derek_vineyard's picture

seem?

Thu, 02/06/2014 - 16:00 | Link to Comment atomp
atomp's picture

<= DCB

<= off to the races

Thu, 02/06/2014 - 15:29 | Link to Comment Callz d Ballz
Callz d Ballz's picture

Taste the rainbow!

Thu, 02/06/2014 - 15:45 | Link to Comment Levadiakos
Levadiakos's picture

With AZ Ice Tea and Robytussin...YEEEEESSSSS

Thu, 02/06/2014 - 15:31 | Link to Comment LawsofPhysics
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.

Thu, 02/06/2014 - 15:32 | Link to Comment buzzsaw99
buzzsaw99's picture

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

Thu, 02/06/2014 - 15:34 | Link to Comment Callz d Ballz
Callz d Ballz's picture

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

 

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

Thu, 02/06/2014 - 15:48 | Link to Comment Levadiakos
Levadiakos's picture

100% of revenues derived from sheeple.

Thu, 02/06/2014 - 15:32 | Link to Comment Dr. Engali
Dr. Engali's picture

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

Thu, 02/06/2014 - 15:42 | Link to Comment The man with po...
The man with pointy horns's picture

More like Fun-Derp-Mentals these days!

Thu, 02/06/2014 - 15:36 | Link to Comment Stoploss
Stoploss's picture

Like shooting ducks in a barrel. Almost to 102

Thu, 02/06/2014 - 15:49 | Link to Comment Levadiakos
Levadiakos's picture

Rolling over now. 102.06

Thu, 02/06/2014 - 15:56 | Link to Comment ArkansasAngie
ArkansasAngie's picture

What a crock of odiferous material.

 

Thu, 02/06/2014 - 15:36 | Link to Comment Smegley Wanxalot
Smegley Wanxalot's picture

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

Thu, 02/06/2014 - 16:23 | Link to Comment Spastica Rex
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.

Thu, 02/06/2014 - 15:37 | Link to Comment starman
starman's picture

Just saw a naked women riding on a horse

looked like lady godiva except for her short hair

Yellen?

Thu, 02/06/2014 - 15:48 | Link to Comment Levadiakos
Levadiakos's picture

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

Thu, 02/06/2014 - 15:36 | Link to Comment sink critically
sink critically's picture

DEBT = PROSPERITY

Thu, 02/06/2014 - 15:46 | Link to Comment dontgoforit
dontgoforit's picture

Maybe the plan is to just write it off.

Thu, 02/06/2014 - 15:49 | Link to Comment sink critically
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.

Thu, 02/06/2014 - 15:38 | Link to Comment undercover brother
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.

Thu, 02/06/2014 - 15:47 | Link to Comment stant
stant's picture

name change coming soon, war bonds

Thu, 02/06/2014 - 15:50 | Link to Comment yogibear
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.

Thu, 02/06/2014 - 16:07 | Link to Comment adr
adr's picture

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

Makes sense.

Thu, 02/06/2014 - 16:27 | Link to Comment Unknown Rider
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.

Thu, 02/06/2014 - 17:12 | Link to Comment Callz d Ballz
Callz d Ballz's picture

Best explanation for today's rise:

http://www.youtube.com/watch?v=nMGK8od_lOc

 

Thu, 02/06/2014 - 18:39 | Link to Comment ReactionToClose...
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

 

Do NOT follow this link or you will be banned from the site!