This page has been archived and commenting is disabled.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 | 4408659 Exile on Mainstreet
Exile on Mainstreet's picture

you walked over heeya cletus, but choo gonna limp back

Thu, 02/06/2014 - 15:43 | 4408715 Levadiakos
Levadiakos's picture

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

Thu, 02/06/2014 - 16:02 | 4408825 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 | 4409288 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 | 4408660 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 | 4408679 yogibear
yogibear's picture

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

Thu, 02/06/2014 - 15:50 | 4408752 fonestar
fonestar's picture

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

Thu, 02/06/2014 - 16:16 | 4408861 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 | 4408768 derek_vineyard
derek_vineyard's picture

seem?

Thu, 02/06/2014 - 16:00 | 4408818 atomp
atomp's picture

<= DCB

<= off to the races

Thu, 02/06/2014 - 15:29 | 4408665 Callz d Ballz
Callz d Ballz's picture

Taste the rainbow!

Thu, 02/06/2014 - 15:45 | 4408726 Levadiakos
Levadiakos's picture

With AZ Ice Tea and Robytussin...YEEEEESSSSS

Thu, 02/06/2014 - 15:31 | 4408669 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 | 4408673 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 | 4408680 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 | 4408749 Levadiakos
Levadiakos's picture

100% of revenues derived from sheeple.

Thu, 02/06/2014 - 15:32 | 4408681 Dr. Engali
Dr. Engali's picture

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

Thu, 02/06/2014 - 15:42 | 4408717 The man with po...
The man with pointy horns's picture

More like Fun-Derp-Mentals these days!

Thu, 02/06/2014 - 15:36 | 4408687 Stoploss
Stoploss's picture

Like shooting ducks in a barrel. Almost to 102

Thu, 02/06/2014 - 15:49 | 4408760 Levadiakos
Levadiakos's picture

Rolling over now. 102.06

Thu, 02/06/2014 - 15:56 | 4408783 ArkansasAngie
ArkansasAngie's picture

What a crock of odiferous material.

 

Thu, 02/06/2014 - 15:36 | 4408692 Smegley Wanxalot
Smegley Wanxalot's picture

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

Thu, 02/06/2014 - 16:23 | 4408880 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 | 4408693 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 | 4408731 Levadiakos
Levadiakos's picture

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

Thu, 02/06/2014 - 15:36 | 4408695 sink critically
sink critically's picture

DEBT = PROSPERITY

Thu, 02/06/2014 - 15:46 | 4408734 dontgoforit
dontgoforit's picture

Maybe the plan is to just write it off.

Thu, 02/06/2014 - 15:49 | 4408756 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 | 4408708 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 | 4408736 stant
stant's picture

name change coming soon, war bonds

Thu, 02/06/2014 - 15:50 | 4408765 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 | 4408845 adr
adr's picture

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

Makes sense.

Thu, 02/06/2014 - 16:27 | 4408889 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 | 4409069 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 | 4409475 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!