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S&P Spikes On Massive Volume As Russia Denies "Ultimatum"

Tyler Durden's picture




 

While the news actually broke earlier, once the headline that Russia denies an "ultimatum" threat to assault the Ukrainian fleet hit Reuters, the algos smashed USDJPY higher and that lifted stocks on a huge volume spike ($3.7bn notional in first minute) up to near VWAP.

Reuters:

  • RUSSIAN BLACK SEA FLEET SAYS IT HAS NO PLANS TO LAUNCH ASSAULT ON UKRAINIAN MILITARY UNITS IN CRIMEA - INTERFAX NEWS AGENCY

Bloomberg:

  • *RUSSIAN DEFENSE MINISTRY SAID TO DENY UKRAINE ULTIMATUM

 

 

Interestingly, no follow-through and not even enough juice to hit VWAP... despite USDJPY's best efforts to get S&P futures back to that balance point...

 

Charts: Bloomberg

 

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Mon, 03/03/2014 - 13:25 | 4502170 Spastica Rex
Spastica Rex's picture

POOTY-POOT - TO THE RESCUE!!!

Mon, 03/03/2014 - 13:29 | 4502193 onewayticket2
onewayticket2's picture

if putin came out as gay right now....would all be forgiven?

Mon, 03/03/2014 - 13:31 | 4502204 Oh regional Indian
Oh regional Indian's picture

Holy smoke, the market is truely driven moment to moment by headlines.

Do they have language parsers? Geopolotical risk? What all goes into the models?

Trippy...

Mon, 03/03/2014 - 13:33 | 4502219 TeamDepends
TeamDepends's picture

He who invests by emotion likely to cry river.

Confucius

Mon, 03/03/2014 - 14:24 | 4502459 eclectic syncretist
eclectic syncretist's picture

I am getting out of the market now, other than non-ETF miners. These stock valuations may not be seen again for many years. Even if they wanted to, the Fed can't print the market higher if global politcal turmoil favors a flight to safety into bonds and then commodities (and ultimately, PM)

Mon, 03/03/2014 - 13:47 | 4502279 onelight
onelight's picture

Market turned at some key intraday technical levels, amusing, always makes me think they are timing and trading their own headlines, and so are other large parties to these kinds of things, and other items in the policy newsflow...what makes the world go 'round..

Mon, 03/03/2014 - 13:42 | 4502257 besnook
besnook's picture

he would also have to reveal his mother is really jewish but he will never be forgiven until he shows he is capable of stealing from the poor without remorse, god's work.

Mon, 03/03/2014 - 13:29 | 4502194 Eisenhorn
Eisenhorn's picture

Well he is heavily invested in his new MyRA account.  So we have that going for us......

Mon, 03/03/2014 - 15:20 | 4502300 Thought Processor
Thought Processor's picture

 

Sequence of events:

 

1)  Create seamingly non-transparent conflict between major world powers

2)  Initiate extreme currency volatility

3)  Begin international Currency control 'stabiliity' process using the conflict and volatility as an excuse.

4)  Lock down Currency transactions 'temporarily'

5)  Hit the monetary reset button using the dislocated markets as an excuse.  

6)  Convey international world leaders to some big meeting somewhere to figure out this 'pressing world monetary issue' (all while the solution has already been prepared and is ready to implement).

7)  While markets are 'suspended' due to extreme volatility, offer US citizens the chance to transfer all holdings into their MyRA accounts, which will be denominated in US Treasuries of course.  (it's really a bail in)

8)  Implement world wide currency control based on a central monetary valuation scheme.

9)  Hope people don't notice that their US Dollar holdings have just been devalued by 70%.

 

Of course all of this will be done in the background while the world is in utter termoil.  MSM focussing on images of unrest and upheaval world wide.   Everyone will be begging for stability and security.

And it will be provided.   But at a small cost.

(your liberty)

 

Watch the other hand.

 

Mon, 03/03/2014 - 14:20 | 4502427 onelight
onelight's picture

gunga, gunga galunga....gunga lagunga...

Mon, 03/03/2014 - 13:33 | 4502218 Thought Processor
Thought Processor's picture

 

 

ie:  You'll know we've made an ultimatum when we start shooting.

 

I don't think we'll be able to tell the difference from the info. and disinfo. coming from the MSM outlets until the bullets really start flying. 

 

Mon, 03/03/2014 - 13:25 | 4502171 VD
VD's picture

algo fever

Mon, 03/03/2014 - 13:25 | 4502174 joego1
joego1's picture

I wonder who got to front run that one?

Mon, 03/03/2014 - 13:32 | 4502214 DeadFred
DeadFred's picture

Not the most inpressive of spikes I've seen. Sure didn't have any legs to continue on.

Mon, 03/03/2014 - 13:25 | 4502175 i_call_you_my_base
i_call_you_my_base's picture

I think this did it:

"According to Reuters, the White House has said it will no longer send a presidential delegation to the Paralympic Games in Sochi in protest at the situation in Ukraine."

Putin rescinded the ultimatum.

Mon, 03/03/2014 - 13:28 | 4502190 Oldwood
Oldwood's picture

Tough Talk! Love it!

Mon, 03/03/2014 - 13:27 | 4502185 I_KNOCKOUT_U
I_KNOCKOUT_U's picture

BITCOIN UP 10% ON THE DAY, HOLLER

Mon, 03/03/2014 - 13:32 | 4502211 TeamDepends
TeamDepends's picture

Scoop them up with both hands, brother!  What's stopping you?

Mon, 03/03/2014 - 13:45 | 4502268 prains
prains's picture

What's stopping you?

 

the airless vaccum makes them hard to hold

 


Mon, 03/03/2014 - 13:46 | 4502275 I_KNOCKOUT_U
I_KNOCKOUT_U's picture

Been scooping for a while, make that 15% today

Mon, 03/03/2014 - 13:27 | 4502188 BandGap
BandGap's picture

Going all in, but still have chips to play. I think.

So, who fires the first shot?

Mon, 03/03/2014 - 13:30 | 4502203 krispkritter
Mon, 03/03/2014 - 13:46 | 4502270 forwardho
forwardho's picture

Thanks again Krisp for the Hitler/Bitcoin video. A ZH classic!

https://www.youtube.com/watch?v=Nf_ZhB0WMv0

Mon, 03/03/2014 - 14:47 | 4502614 medium giraffe
medium giraffe's picture

Fuku to the left, Pooty to the right, all-in could be a good call.

Mon, 03/03/2014 - 13:28 | 4502189 onewayticket2
onewayticket2's picture

you know the SHTF when troops start movin' around.

 

Mon, 03/03/2014 - 13:28 | 4502191 gatorengineer
gatorengineer's picture

ouch dat hurt..... whipsawed......  Algo's one moron nothing.....

Mon, 03/03/2014 - 13:31 | 4502201 Piranha
Piranha's picture

i understand why we buy here, a true game changer!

Mon, 03/03/2014 - 13:33 | 4502216 magpie
magpie's picture

At least Soros got his short position now, nevermind the ROW.

Mon, 03/03/2014 - 13:34 | 4502223 gatorengineer
gatorengineer's picture

Any bets on getting green by the end of the day on one of the indices?  This is unreal....  Emerging Markets down less than the DAX, Barrick up half the rise in gold.....

 

Sure feels like its going to go vertical...

Mon, 03/03/2014 - 13:36 | 4502228 Save_America1st
Save_America1st's picture

Hello...Mr. Pooty-Poots?  Can you deny your U-Cranial invasion so that our sinking S&P 500 can get a bit of a boost? We still have so many more muppets to fleece and your invasion is messing things up for us so early in the week. 

Thanks much...

P.S.  Oh, and can you send us some smokin' hot Ukrainian refugee women too, please?  The banksters are so depressed these days with all the "suicides" and all, and they need some new hookers to spend their record bonuses on.  Win-Win for both sides, right!??

Thanks again...

Mon, 03/03/2014 - 13:44 | 4502262 Kaiser Sousa
Kaiser Sousa's picture

observe once again the London open and close...coincidence????? not.

http://www.kitco.com/charts/livesilver.html

Mon, 03/03/2014 - 13:44 | 4502264 TalkToLind
TalkToLind's picture

Less tense than expected.

Mon, 03/03/2014 - 13:48 | 4502282 pragmatic hobo
pragmatic hobo's picture

p o m o

Mon, 03/03/2014 - 14:21 | 4502443 Pareto
Pareto's picture

nuff said

Mon, 03/03/2014 - 13:53 | 4502303 whatthecurtains
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Ferengi Rules of Aquisition

#34  "War is good for business"

#35  "Peace is good for business"

Mon, 03/03/2014 - 13:55 | 4502311 GrinandBearit
GrinandBearit's picture

No ZH bitcoin pump articles yet?...  I'm shocked.

Mon, 03/03/2014 - 13:57 | 4502323 TumblingDice
TumblingDice's picture

LOL 1840

Mon, 03/03/2014 - 14:00 | 4502339 nakki
nakki's picture

 S&P are already overvalued by 25-30 % so this doesn't get real till the Russian cut of the gas. That would do wonders for the grand recovery the EU is experiencing, and let's not forget how well the US economy is doing too. With the price of gas where it is now can you imagine where gas and oil prices would be if the economy was driven by fundemantals rather than every central bank (even though there is really only one) printing confetti. 

Mon, 03/03/2014 - 14:21 | 4502423 Rising Sun
Rising Sun's picture

oh wait, Russia withdraws.  everything is fine.  global economy is back on track and growing.

 

the global economy is an abortion on toast.

 

but that cunt Yellen keeps printing to make this fucking shit show go higher

 

fine Janet - keep printing - fuck the planet all you want - so what do you get after the planet is fucked over????

Mon, 03/03/2014 - 14:19 | 4502426 Hindenburg...Oh Man
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Is it just me, or are these "sell off"/"gold up" days massively unimpressive?

Mon, 03/03/2014 - 14:23 | 4502447 Rising Sun
Rising Sun's picture

Europe closed down over 2%

 

The sell off in the US is a fucking kiddy party.

 

Massively unimpressive?  Shit show, gong show, fuck shot, dogshit - any of these labels also work.

Mon, 03/03/2014 - 14:38 | 4502536 medium giraffe
medium giraffe's picture

usd/jpy 34 ish pips down from former range support then 36 pip move back up and a bit of congestion.  as I often say to the wife - if you put your face closer it looks more impressive

Mon, 03/03/2014 - 16:02 | 4503060 El Hosel
El Hosel's picture

As long as the smash the VIX Program is Operational the only thing impressive is the level of corruption and determination for green at all cost.

Mon, 03/03/2014 - 14:26 | 4502479 GooseShtepping Moron
GooseShtepping Moron's picture

The S&P is one strange looking chart today. The vertical spike and the subsequent flatness for the next 45 minutes cannot possibly be the result of humans transacting with one another. There is no verisimilitude of organic action in that chart, no thinking, no life. How nauseatingly empty this surreal reality has become, how threadbare, how tiresome.

Mon, 03/03/2014 - 15:22 | 4502809 Father Lucifer
Father Lucifer's picture

Above VWAP now. NYMO says no sell signal today.

Mon, 03/03/2014 - 17:03 | 4503386 MeelionDollerBogus
MeelionDollerBogus's picture

not spiking now! HVU is actually 26% over the trend-price vs SPY as well.
hvu1/11 x spy = 219 for the trend but 223.7 is what's popping out now.
shortcut: (223.7/219)11 is the factor it's overperforming by.
Someone should go check on UVXY http://scharts.co/1coEZIM as well. I don't have a properly tested equation for it just yet.

Same for VXX http://scharts.co/1cxFIBZ. I did an equation but it's out of date so I'll go with "don't have one" (for now)

Mon, 03/03/2014 - 22:52 | 4504931 starman
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Stockmarket =Federal Government

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