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Russell 2000 Loses Critical Support As MoMo Massacre Accelerates
Momentum, or high-growth hope, stocks are making fresh lows of the February Tarullo Top as this morning's mysterious buying panic sparked by housing data has relapsed into aggressive selling pressure. The Pharma frenzy is fading fast also. The Russell 2000 has broken below its 200DMA once again - a critical support level - and Nasdaq and Trannies are making new lows from Friday. All US equity indices are now in the red for April.
Biotechs not getting a bounce from the Pharma frenzy as momos just keep tumbling from Tarullo's top...
As the day's chaos evolves once again...
Leaving all US equity indices under water for April and Russell below its 200DMA once again
As AUDJPY takes over charge of S&P futures from USDJPY...
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If you like your Momo you can keep your Momo
You talk like one of those damn momophobes.
Is Gartman in or out of the market right now? According to my calcs, he has succeeded in buying at the top of the three market tops this month.
Let me explain something to you. Momo is dead. Which means that everything he had now belongs to Jimmy Cap, including you. Which also means, that when I speak, I speak for Jimmy. E.g., from now on, you start showing me the proper fucking respect.
04/28 21:11 S&P cuts Moscow, St. Petersburg, Bashkiria's ratings from BBB to BBB- with negative forecast
Oh well, guess I'll have to buy the AAA rated defaulting homeowners instead.
BTFB(buy the blood)
Appears the Nasdaq and Russell are close to making a head and shoulders.
Looking more like a "shoulders with no head" pattern to me.
Could be some cliff diving involved here too. Or is it "base jumping"? I really don't understand the difference.
Putin is responsible for reality.
Do not panic. Tomorrow is Tuesday.
This comment is like a spread trade? Its going right way just wrong reasons
Wait, I thought stocks only went up-
First you need to BTFD. That is where Tuesday comes into play.
WTF is PPT???
Fresh out of zeroes???
JNK
Punters really hate even gold stocks when their favoured general stock indices are falling, don't they...
But there's nothing like a rising gold price to put their feet to the fire and give them religion...!
Looking past the 2000 for a moment to hope for an avalanche win GET IT?
perpetuating the idiocy of moving averages....you guys are incurable.
When everyone trades off moving averages, they matter. If you program the machines with MAs, they matter.
If a moving average drops its easy to fix, just remove the losers and replace them with new MOMO' scams, very simple.
Uhh Ohh looks like the PPT jumped in @ 1850.00. Let's see if that holds.
Just creates a better buying opportunity for Turnaround Tuesday.
There are times in ones past when taking the obvious reward was the answer! Get off the bench get your feet wet be one of those who gets up to a balanced portfollio and steady returns hogs get.... u no the rest! Research balancing a portfollio and have faith in paying low sometimes!
jeez... tomorrow is Tuesday, relax...
I didn't say 'Swell' .... I said 'Sell!!!!!'
They are just pulling their money out for the Alibaba IPO...soon to come and break all records....all records of stupidity
I guess Russian billionaires were the primary support behind the momo stocks.
This is possible. "We only meant to target that one billionaire."
Not to worry, 3:30 Ramp Capital LLC has it covered
Yellon's going to keep her word.She knows that the Fed has to get out of the trap.Maybe the pain is in plain sight and nobody wants to accept it.Volatility UP.
Tuesday can't come soon enough for Wall Street.
Serves the MOMO CNBC tard crowd right.
What if tomorrow is not Tuesday as we know it?
Panic!
Every few years we draw the Joker card ... Terror Tuesday!
And no more 3:30 ramps?
Did some machine take a peek at reality? Nope, they operate in a controlled vacuum of book cookery.
Time to put on the headphones and load up my shitgum. Gonna go shoot foating pigs down at the river.
Folks what time is the 3:30 ramp up today? Also why is VIX so high above 10? Is Yellen sick today?
A test for a crash? Bury is coming back from his pivot?
Need to get my eyes checked. I'm seeing double.
So that ridiculous 100 point overnight Dow ramp was complete bollox as suspected especially with Asia red, the subsequent Algo related European skyrocket also ficticious...how many shorts got taken out yet again on this bullshit, I can't recall an overnight session when US Indexes actually come off...whatever the prevailing market at the time is...and now more of the same shit into the close...already the DAX been dragged back up 50 points.
It is patently obvious that Gold is also being contained under $1300, and no way is Oil going to be allowed to run away...
Nice bit of bottom fishing from this article. IWM flying now - almost back to unch. Clearly the situation in Ukraine has been resolved and the algos realise tomorrow is Tuesday so best to get a headstart on the buying