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Unrigged Market Soars On 3:30 PM Fundamental Bullish Catalyst
The US open was enough of an event to decouple stocks (up) from USDJPY (down) but as we approached the crucial 330ET "fundamental" stocks had caught down to USDJPY weakness (worth noting that USDJPY tagged 102 in the pre-open and plunged). The 330 Ramp - JPY and VIX driven - was right on time getting S&P to VWAP and up to its 100DMA and Nasdaq back above 4000. Away from the roller-coaster ride in hope, faith, and BTFD charity in stocks, Treasuries leaked higher in yield all day (with 5Y underperforming and 30Y unch). The USD was bid (+0.3%) led by EUR weakness. USD strength pressured commodities but Gold was bid (closing above $1325 at 3-week highs). All major equity indices remain red year-to-date (and negative from 3/19's FOMC). All "normal" and full of unriggedness.
V-shaped recovery on the 330 Fundamental...
Year-to-date, Stock indices all remain red...
S&P futures were ramped to VWAP...
By selling JPY and buying USD...
and selling the shit out of VIX...
Biotech bounced (as did Momos) closing just in the red...
Stocks appeared to play catch up to TSYs early weakness...
But credit markets were nothing like as exuberant about the desperate buying panic...
FX markets were volatile with the USD ending up 0.3% (on EUR weakness mostly)...
and USD strength weighed on commodities - except gold...
"Hanging on" seems to be new Bullish news...
Charts: Bloomberg
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Nanex will bring the truth and show us it was HFT's fault
Move along, nothing to see here, the plunge protection team has the situation under control. Keep buying mutual funds sheep.
Is this all the Fed is good for.....hitting the buy button between 3pm and 3:30pm....what a joke but I'll take the money.....
The epitaph for an era.
http://ezaccess.com/products/images/portables/popup/26_TLE_withSUITCASEA...
at precisely 3:15 the chief algo-herder could be heard screaming:
"GO AT THROTTLE UP... BITCHEZZZZZ"
Hhahaha, funniest headline ever Tylers
Tax selling over: rally resumes tomorrow.
.
When are they going to put banks of slot machines in the NYSE to complete the picture?
yeah...maybe a couple of black jack tables and a craps table, and Art Cashin could be pit boss. "Money change 100 mother fuckers."
Hey man, this isn't gambling, its the layup of the century! Double bottom today, higher lows, FED put, green chutes, all news is good news, just but the dip; the bottom is in.
1900 here we come!
The blood moon tonight is a precursor to blood on the streets tomorrow. I know because the chicken bones and a televangelist told me.
odd how different cultures put different spins on the meaning of such 'signs in the heavens'... for those who find the john hagee talmudic doom interpretation lacking, a different take here:
http://www.zengardner.com/eclipse-vortex-cardinal-cross-april-2014/
"there are none so blind as those who refuse to see." "Allah has bought from the Umma-the true believers of Islam-their selves and their substance in return for Paradise; they fight in the way of Allah, killing and being killed. Their promise is written in the blood of the moon." -From the Koran, chap. 9, v. 112
your reference does not seem accurate. see:
"9:112 They who turn (to Allah), who serve (Him), who praise (Him), who fast, who bow down, who prostrate themselves, who enjoin what is good and forbid what is evil, and who keep the limits of Allah; and give good news to the believers."
let me guess, you got that quote from Dick Cheney?
Guess I don't need to worry about it then.
Thought tomorrow was "Takoff to the moon Tuesday". Unless there is some badly angled Feng Shui or Kiev Carma out there, along with the bad GM momo moto mojo.
Is the chapter and verse wrong? Or is what posted a lie and does not appear in the Koran. Honest question.
I like the modern scientific approach to explaining things like a 'blood moon', perfectly natural explained phenomena.
sure, but it certainly is true that those in power often time their actions using astrology. not the dimestore youtube variety... and i don't think they are doing this based on superstition, but what do i know...
The problem is, that if enough people believe something, it may come to pass.
Ref: Self fulfilling prophecy.
Or, have enough "true believers" in positions of power, they can pull the strings, move the levers, push the buttons, and connect the god damn dots to make things come to pass.
Ref: Reset Button
>if enough people believe something
the point of mass mind control? recall that in physics experiments, observing the experiment changes the outcome... a very inconvenient fact that science likes the gloss over.
Still waiting for the POS to transcendentally meditate the economy to be fixed---cold day in hell when that happens!
Actually, the problem is a vast majority of human beings really are dumb cunts. Arguing about which bible quotes are real is so fucking stupid because all bible quotes are founded on hundreds if not thousands of revisions throughout history. The exact combination of words that we've just ended up with matters not a fucking jot.
The world is fucking insane, we are barely able to drag ourselves out of the dark ages of mysticism and superstition, yes, we collectively really are that stupid. Blood moons, for fucks sakes, I'll give blood moons.
Son of a bitch that was crazy. Program trading, what a world....
great environment for the big boys to dump into.
I guess now I should have posted this on the Nasdaq article:
http://yeeeeeeeeeeeeeees.com/
that exit light less visible every day...
Tyler, the next time the market barfs, please post a thread about how the market snapped back massively. Do this before it snaps back. Either you will mush the snap back, or you will look like a genius.
I also think you should start having your advertisers sponser "today's market barf". For example "I don't always drink beer when the market barfs, but when I do, I drink dos equis". Have these ads running when the nasdaq is coughing up 50 points in 5 minutes. This is a new market, and you should embrace it.
I don't always BTFD but when I do the market barfs.
I don't always barf, but when I do, it's because of the market or an Obama press conference.
Right at 3:30 everything suddenly turned SO bullshit! Oops meant bullish of course.
Ray Charles saw this one coming
The markets have beeen rigged for years now. My goldfish predicted this two years ago.
What does credit have to say?
It says Spanish bonds are trading on par with U.S bonds . In other words, credit is just as fucked.
Around 3:15 must be when they bring out the cocktail cart, hookers and coke at all the HFT firms
That bollox move also spiked the European Indexes as usual taking their shorts out as well , DAX yanked up 50 points there, ...what a crock of shit this all is.
R2K bouncing off the 200 day could have played a part in that bullshit. Only a matter of time till it breaks.
If Russell keeps dragging it and whipping it around that way it will definitely break off, sooner or later.
History:
Even the Leaning Tower of Pisa needs a steel rod and new foundations these days to stay erect at that angle.
By the way it took 200 years to build, and was completed in 1372. The tower has stood as a testament to all ramps and impossible algo's. The Leaning Tower has stood for 642 years.
The modern day 3:30 Ramp is building a similar following and stamina, and may become an 8th Wonder to the World. Today' ramp was Guinness quality.
There is no question the 200 day was the catalyst for both the move down and the rebound up. It is just algo trading and none of this conspiracy bulls**t about rigged markets.
riggedy-diggedy-dog
Ok, I give up... who has a recommendation on how a retailer can play the 3:30 rebound?
Buy the QQQ at 3:28 and sell market on close?
I would recommend that when you are just about to hit the submit button, go for a drive instead. Halfway through your drive open your window and throw a grand out of it.
Thanks, I'll try that tomorrow... probably just as effective....
damnit fonz, I just lost another Diet Sierra Mist (thru nose)
lol. why are you drinking that shit man? it'll kill ya.
wiretap some offices at FRBNY
long at 330pm; short at 1130am the next day
inverse Vix product- They pound the Vix like a piece of veal from 3:30 into the close- Thats my 2 cents
Those reverse repo numbers are sure elevated still. Looks like the N.Y.Fed did a little cosmetic work on their webpage.
http://www.newyorkfed.org/markets/omo/dmm/temp.cfm?SHOWMORE=TRUE
Does it really matter anymore? Especially since everyone is accepting anything as collateral and pricing it however they like?
Seriously, does it? I think not.
not a fucking bit Laws.
Yea, I can't wait until this whole fucking ponzi comes crashing down. When all that rehypothecated collateral gets called in the bankers will start eating eachother to save their own asses.
I'd imagine it will be like watching a 1000 starving Ethiopians fight over a kernel of rice at that point...
Yup. And then the MSM cheerleaders and lobbyists start getting picked-off as they exist the building. It will be a GREAT show!
O.T. - sort of. My local post office received ZERO paper tax forms or instructions this year from the I.R.S.
In other words, digital capture. I.R.A.'s/401K's, Pensions, and "myRA "are another piece.
The next will be to get rid of paper and coin currency; all your assets trapped in the cloud.
All your money, savings, assets, and transactions digitally tracked and captured.
All your chips belong to the casino.
Well, thats the plan, but based on the action I see in my neck of the woods, trading in all kinds of physical things is increasing (physical paper included).
Black market is growing, Why? It is more honest.
Get off the books! ( you know, the "drop out" part)
If the Amish weren't so damed religious, I'd join their cult.
Non-convertible currency always belongs to the casino. You possibly pay a premium to hold it (inflation) in the time between you "earning" it (which is a funny term for exchanging labor or goods or property for it) and you "spending" it (which is completing the arbitrated trade of money for different goods or services or property).
And when they deem it necessary they cut you off from buying FOOD. If we let this happen we deserve exactly what we get. My gold & silver is not known by them and never will be...
For a few dollars more...
The sequel to "A Fistful of Bitcoin"
#FreeKevinHenry
i've seen this movie before: 330 BTFD.
biologicals might get bored but machines kinda do the same thing over and over and over and
Machines must be programmed by humans---in this case, PINKO COMMIES!
I don't understand how the USDJPY could ever possibly go down. What crazy fucker out there wants to be caught dead with Japanese yen? Kuroda and Abe have pretty much stated they have every intention of destroying that currency and causing hyperinflation.
..and thats what they are doing to the dollar too.
this one looks pretty obvious to me. seems like an awfully small pullback to bring out such dramatic "support".
It will go down WHEN WE SAY SO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
If there are two sure things in life (like death and taxes), it's the pre-open ramp of the USDJPY and the 3:30 p.m. VIX crush/stock market rally. Lol to everyone that thought we would end red today after the afternoon swoon. BTFD is the only way to go!
Plus, with the VIX and SPY finishing back within their Bollinger Bands today after going outside late last week, the market now has a strong buy signal. Now through the end of April, BTFD or else get torched.
Japan is still considered a surplus economy, and the older generation saves a shitload of yen in KAMPO. ( the postal system) It really is getting to be a joke though, and I supect Japans days as a risk safe haven are drawing to an end.
This is the monthly chart of usd/jpy, and you can see it's setting up tp be an outside bearish month. Additionally usd/jpy is overbought on the monthly chart shown in the RSI and parabolic SAR line. It goes lower before higher IMHO.
http://i.imgur.com/Q78Ar81.png
I agree that the Yen weakens soon and I expect U.S> stocks will suffer a tremendous Sell in May and Go Away, but until then, there is plenty of money to be made. I expect we will approach or exceed ATHs before we see Sell in May
Are you a card carrying member of TPTB? If yes, you're on the 'list'...
Maybe now we'll get some more BTFD cartoons, they were very funny.
Smoke meet Mirror
im happy the HFT algos are back, it feels so much safer
This is all so absurd. And it never ends.
it launchet at 3:14...15 pts straight up 45 minutes....... No news at all...... Ho Li Fuk.
Tyler - this would be funnier if you posted it at 800a this morning.
You could entitle the article "the 3pm fuckshot" or something more vanilla like "fuck you Janet Yellen!!!"
At 3:00 AM, the blood moon will cock more loaded guns. The idiots running the theft ring will find new temporary protection to serve. At the end of the day, they will be shot to death.
It was so forceful and perfect, I bet they borrowed some of the Tuesday ramp for today's Amazing Monday Ramp (it may be remembered in coming years).
So that may make for a flat Tuesday ? Could Aunt Yellen have no dry powder for tomorrow's rampage ?
Was the week's POMO allotment all spent today in one wild omni-directional discharge ?
Chart porn makes me want to spurt! Especially at 3:45.
http://managua.craigslist.org/reo/4364750856.html You know, get away.
I liked Nicaragua. Had lunch with Snowden.
Over the years we have witnessed the type of market reversal the big banks supported by the Fed can generate with a concerted effort to buy S&P 500 index futures at crucial support points late in the day. This has proved more than enough to turn the markets from red to green in the blink of an eye. Note; this is the reason I caution bears to hold back on their celebrations. More on this in the article below.
http://brucewilds.blogspot.com/2014/04/bears-have-little-reason-for-conf...
Why always at 3:30 pm? And why does nobody else talk about it other than ZH? This is quite weird...
Is anybody keeping track how many times this has been happening?