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

Submitted by Tyler Durden on 02/06/2014 15:23 -0400

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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Thu, 02/06/2014 - 15:28 | 4408659 Exile on Mainstreet

you walked over heeya cletus, but choo gonna limp back

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

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

Thu, 02/06/2014 - 16:02 | 4408825 Headbanger

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

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

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

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

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

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

Thu, 02/06/2014 - 16:16 | 4408861 RockRiver

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

seem?

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

<= DCB

<= off to the races

Thu, 02/06/2014 - 15:31 | 4408664 Australian Economist

BONUS CHART http://uk.finance.yahoo.com/echarts?s=TWTR#symbol=TWTR;range=5d

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

Taste the rainbow!

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

With AZ Ice Tea and Robytussin...YEEEEESSSSS

Thu, 02/06/2014 - 15:31 | 4408669 LawsofPhysics

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

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

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

100% of revenues derived from sheeple.

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

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

Thu, 02/06/2014 - 15:42 | 4408717 The man with po...

More like Fun-Derp-Mentals these days!

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

Like shooting ducks in a barrel. Almost to 102

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

Rolling over now. 102.06

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

What a crock of odiferous material.

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

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

Thu, 02/06/2014 - 16:23 | 4408880 Spastica Rex

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

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

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

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

DEBT = PROSPERITY

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

Maybe the plan is to just write it off.

Thu, 02/06/2014 - 15:49 | 4408756 sink critically

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

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

name change coming soon, war bonds

Thu, 02/06/2014 - 15:50 | 4408765 yogibear

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

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

Makes sense.

Thu, 02/06/2014 - 16:27 | 4408889 Unknown Rider

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

Best explanation for today's rise:

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

Thu, 02/06/2014 - 18:39 | 4409475 ReactionToClose...

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

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

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