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The S&P 500 Enters "Vertical Straight Line Up" Formation

Submitted by Tyler Durden on 04/15/2014 09:47 -0400

The comedy from yesterday continues. Sure enough it is market open on a Tuesday (remember - the market never goes down on Tuesday) - the two most bullish catalyst to momentum ignition vacuum tubes. The rest is indescriminate panic buying history.

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Tue, 04/15/2014 - 09:48 | 4660467 slaughterer

Big boner chart today.

Tue, 04/15/2014 - 09:56 | 4660535 Headbanger

Pump & dump..

Tue, 04/15/2014 - 10:01 | 4660580 Vampyroteuthis ...

My shorts took a shat!

Tue, 04/15/2014 - 10:20 | 4660699 lordylord

Duh, It's the recovery. Unemployment is <7%, inflation is low, and health insurance is now cheap. Now be a good American and sell your gold and buy government bonds!

Tue, 04/15/2014 - 09:49 | 4660476 Greenskeeper_Carl

Everything must be fixed now! BTFATH

Tue, 04/15/2014 - 09:58 | 4660551 dow jones 20000

exactly what I was thinking...

irrationality always prevails on the new york stock casino (and every other major exchange)

Tue, 04/15/2014 - 10:17 | 4660685 Slave

Ohhh it's "fixed" all right...

Tue, 04/15/2014 - 09:50 | 4660478 John Law Lives

Little Kevin must be entering buy orders with both hands...

FUBAR.

Tue, 04/15/2014 - 09:50 | 4660479 PlusTic

ahhh, the smell of algos in the morning, it smells like "riggery"

Tue, 04/15/2014 - 09:51 | 4660493 what's that smell

smells like bear buggery to me!

Tue, 04/15/2014 - 09:55 | 4660517 Dr. Engali

Moar like skullduggery.

Tue, 04/15/2014 - 09:51 | 4660480 slaughterer

ATH again by EOW. Algos need double top before waterfalling.

Tue, 04/15/2014 - 10:03 | 4660596 Vampyroteuthis ...

They are squeezing the shorts as always. Take the dumb money before it vanishes.

Tue, 04/15/2014 - 09:50 | 4660483 Dr. Engali

It's not often that you see yahoo pumping gold:

Despite the selloff, gold is flashing a secret buy sign

http://finance.yahoo.com/blogs/talking-numbers/despite-the-selloff--gold-is-flashin-a-secret-buy-sign-131431659.html

Tue, 04/15/2014 - 10:00 | 4660564 The_Ungrateful_Yid

LOL buy your gold everyone and have hope it will be worth something soon!

Tue, 04/15/2014 - 09:52 | 4660501 slaughterer

Biotechs up 2% already.

Tue, 04/15/2014 - 09:54 | 4660515 what's that smell

spx taking a little sniff at 1840.

Tue, 04/15/2014 - 09:55 | 4660531 slaughterer

You will see ES 1850 by 1:30pm

Tue, 04/15/2014 - 09:58 | 4660554 what's that smell

they wouldn't dare run the momo machine on a turnaround tuesday...

inconceivable.

Tue, 04/15/2014 - 17:52 | 4662944 AGoldhamster

Excellent guess - except for the timing.

Tue, 04/15/2014 - 09:55 | 4660522 Quinvarius

Things must be going to Hell in a handbasket if they have to pump stocks and beat on PMs so hard today. It must be really bad.

Tue, 04/15/2014 - 10:00 | 4660572 The_Ungrateful_Yid

Yep the blood moon.

Tue, 04/15/2014 - 09:56 | 4660537 playnstocks

Ramp Capital starting early............

Tue, 04/15/2014 - 09:57 | 4660544 lemarche

REVERSE THIS EVENING OR TOMORROW.

WASH, CLEANSE AND REPEAT, ALGOS (AND SOME PROS..) WIN..

Tue, 04/15/2014 - 10:50 | 4660890 lemarche

Hate to say that, but I told you... Not just kidding love it :))

Tue, 04/15/2014 - 09:57 | 4660548 MickV

VIX market buy signal was triggered yet again by its spike up in the last few days above the Daily Bollinger, followed by the VIX smashing ramp of yesterday back inside the Daily Bollinger. Happens every time, as planned.

Tue, 04/15/2014 - 10:01 | 4660578 Seasmoke

Today must be opposite day.

Tue, 04/15/2014 - 10:03 | 4660595 Doubleguns

PPT must have received their deposit from the IRS. IRS arm twisting is at max today.

Tue, 04/15/2014 - 10:04 | 4660602 TammanyBrawl

What is the opposite of plunge protection team?

Tue, 04/15/2014 - 10:09 | 4660632 Rising Sun

fucking bitch, fucking whore!!!!!!

Tue, 04/15/2014 - 10:13 | 4660650 q99x2

Money changers got hold of the FED's software terminal. Somebody call the police.

Tue, 04/15/2014 - 10:13 | 4660659 estoniantiger

I'm lovin it

Tue, 04/15/2014 - 10:19 | 4660694 Caracalla

We're getting our dip for the day right now. Make sure you don't miss it. BTFD

Tue, 04/15/2014 - 10:20 | 4660701 Hohum

It is kind of silly, isn't it? Red light, green light. In the longer run, thgugh, the stock indices seems to be correlated with margin debt (NYSE Margin Debt, e.g.). If the debt goes up, the market goes up. And the Fed facilitates the debt going up.

Tue, 04/15/2014 - 10:23 | 4660719 The worst trader