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S&P Retraces Half "Putin-Press-Conference" Gains
AUDJPY (and therefore US equities) is sliding this morning after the ubiquitous pre-open melt-up providing a green open for retail investors to believe in. Notably, from the close before Putin's press conference, the Nasdaq is underperforming all major indices (and Trannies soaring) but this morning has seen almost one-way traffic since the open. Treasuries are unch today as are precious metals (recovering from early losses) and the USD is modestly higher driven by AUD and GBP weakness.
S&P futures have retraced half the post-Putin gains...
And notably from the close before Putin's press conference, Nasdaq is underperforming (and Trannies soaring)
But AUDJPY remains in charge...
Charts: Bloomberg
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The Putin Put
Nat gas should have been over 10$ with the first move.
Somebody fighting very hard to make sure it doesn't go up.
Buy the dip
Buy the dip, buy the rip, buy the USD/JPY pips BUY IT ALL, If war breaks out buy that dip and the sinking ship as the Fed keeps play Just The Tip...
It is not ironic that ZH is so uncanny at calling daily bottoms....TPTB are quite literally doing their best to render any dissent impotent and ZH is on their radar....I am sure it is becoming a trading strategy in many circles whether we want it to be true or not.
Bankers sure know how to wear out their welcome....
One would think that history suggests that over-playing your money grubbing tendencies is a very bad idea and yet, here we are again.
In fairness to ZH buying the dip works 100% of the time. Well so does buying the highs but whatever. If the ES is red just close your eyes and buy em, it works every time.
No worries, it will gain back all the losses and them some once they announced it's all fixed again. BTFD. Pavlov's dogs are being conditioned well.
Interesting comment about Pavlov. He also discovered a principal called Learned Helplessness.
Dogs were shocked no matter what they did and then finally laid down and took the pain even when the cage door was open and they could escape.
I think the current manipulation is more Learned Helplessness than conditioned response.
double top forming-mean anything anymore?
To Skynet, it signifies nothing.
Nope technicals mean nothing - there is no market...
BTFD and BTFATH
BTFPPCG1/2RT
The ZH factor at work again? The lows are in - BTFD.
Yaawwwn. Groundhogs Day Market. Go long on groundhogs.
Well, that was right on cue. Thinks for pushing my NDX shorts up 15 points in 10 minutes
BTFS&PRH"P-P-C"G
They normally wait for the Europe close to start ramping - I think they've forgotten that Daylight Saving Time has started in the US today and Europe is still open.
DavidC
They forgot to reprogram the algo bots.
UBS upgrades Fakebook from $72-90. That's right FB should be worth close to 1/4 of a trillion dollars. We are certainly living in interesting time. I wonder if Radio Shack and Sbarro pay for "Likes" on FB?
saw that earlier, yeah definitely worth another 25% i hear all the kids are using it now...
I always check aud/jpy before buying more facefuck and twatter!
I always check aud/jpy before buying more facefuck and twatter!
That's a great epitaph for the next nail-gun banker suicide.
The Australian Dollar is NOT one of the currencies used to establish the US Dollar index.