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Stocks Avoid Sinko De Mayo With Ye Olde JPY Dump-And-Pump
Thanks to the miracle of VIX slamming, USDJPY-stop-running, CBOE breaking, US equity market opening, "we're not worried about no stinking Ukraine civil war or Chinese economic collapse", low volume levitation, stocks knee-jerked off early dumping lows to recover comfortably into the green today. Not everything was exuberant though (as Trannies and the Russell 2000 ended red - bouncing once again off its 200DMA). Gold gained almost 1% today (back over $1310) for its best 2-days since January. The USD closed unch (with notable weakness in SEK). USDJPY ranged down below 102 and rammed stops to lead the charge higher in stocks (even with Japan closed for 2 days). Stocks tracked JPY but benefitted from a dead-cat-bounce in Treasury yields. VIX closed higher on the day (unable to regain the late-slam from Friday). AAPL regains $600 and Biotechs bounced 4.5% - so everything's fixed.
Dump-and-Pump... but didn't save Trannies or Russell 2000
Seems like some TWTR holders wanted out... but the 4.5% bounce in Biotechs is a little hard to swallow...
Treasuries and stocks hugged it out all day...
As 102.00 USDJPy was all that mattered for momo ignition...
HY Credit didn't play along after Europe closed...
VIX's late day slam on Friday provided the over zealous dump at the open but didn't wholeheartedly support stocks into the close...
The only thing that mattered today for commodities was the US open and EU Close...
Gold has had its best 2 days since January...
Chart: Bloomberg
Bonus Chart: Mission Accomplished for AAPL
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KHen is not going on vacation until ES is above 1930.
Dump and pump and JUMP bitches!*
say the fed has devalued the dollar by 50% which should be obvious with double
gas at the pump and everything in the supermarket. this gives us a situation where
the real owners of the fed have effectively stolen silently half of america's wealth since just 2008
you would think someone would object to this and oppose it. curious silence.
there's a chunk of 92 million people in America who have voiced their objection the only way the can: non-participation. 100 million or so more and maybe we've got a critical mass.
Groundhog Day.
For the last 5 years
Just not for you.
VIX slamming, momo ignition, dead cat bounces in treasuries, low volume levitations, 35% treasury FED holdings and zealous dumps bitchez. That fire exit will be a bit crowded.
everything is fine. Icahn is richer today - http://hedge.ly/1fH4J0T
Nice A.M. bear trap. So generous of the pre-market to provide a dip-to-be-fucking-bought.
Yep. PINKO COMMIES and their BRAIN DEAD followers continue to buy all assets tied to fiat. Those who do not heed history are destined to repeat it. And in the case of the USSA---they have nary a clue...
nothing like a clear explanation w/ pictures
Come on baby .... just give me one more Tuesday
Turbo Tuesday is Tomorrow.
The Tuesday thing has been around for a while now. How much longer? Seems long in the tooth. In the never ending quest to front-run, it would seem front-runners would start moving up a day. A pattern works until it doesn't anymore. Up day today, let's see if Turbo Tuesday works again tomorrow.
We saw a healthy reverseal today and stick to our year end target of 2400 in the S&P's. We recommend lighten up a bit in May and be fully invested in equities until eoy.
You forgot to make the little "Barrackk"- parrot sound at the end of your note....
PINKO COMMIE supporter or Card Carrying Member?
They were the best of times, they were the worst of times.....
AAPL to $1000. Gotta catch up to GOOG and make Carl a Trillionaire.
Another miserable, hope-grinding day to go in short.
I, brethren, was like you.
I feel like I am 20% up since giving up trying to short the S&P, at the beginning of the year.
But like an addict, I dream of it, can taste it in my dreams, see it sizzling in the bottom of the spoon.
If you must, wait at least until the news of a resolution in the Ukraine or what Mr. Market decides it wants to consider a resolution.
But there are easier ways of making money.
We would strongly recommend you to reconsider your position. Longer term,we also see AAPL at 1000 ( in 2 years or so). We think stocks are still fairly undervalued if one looks at the low rates. There is absolutely no reason the bullish case will stop.
Card carrying member, no doubt. Hope you have the courage to defend your position when TSHTF...you're gonna need it...
AAPL will never ever see 1000, ever...
It will be trading under 100 per share in a month.
Wanna bet me? Find a number you are comfortable with and then double it.
At least you posses the true AMERICAN SPIRIT (Hongcha)---unlike these other TRAITORS around here. You will eventually be rewarded tenfold!
I can't believe the market has become this numb to world wars, shitty GDP, plummeting labour force and continuing reduction of the good green generation machine. I just do not believe it that US traders have drank the Kool aid to the point that they are willing to buy into a market that's topped and been unable to break through resistance for more than two months. This market must be being propped by the powers that be. We know several central banks around the world have been buying equities for more than a year. Would it shock anyone if the Fed was doing the same? This fucking government has quite literally become the most corrupt dispicable band of criminals anywhere in the world and it is just impossible to rule out absolutely anything. Period. We know fucking nothing of the means we only see the results and only as the media presents them.
I'm sure you're right. These guys have so much money it seems obvious it's THEM buying. Trying to lure in as many as they can before it crashes. But if the only ones who buy are insiders, then a crash would wipe a lot of them out...we got an old-fashioned Mexican standoff. I hope this time the muppets don't show up. Let the "investors" eat each other when their Jenga tower comes down.
Don't worry,big pension funds are aleady quiety leaving for bonds.The smart money always leaves first.If it all leaves too quick it'll cause a panic.If you look at tapering and you look at the market topping,it's telling you that it feels weak.Momentum is gone,there are just stupid little shortime bursts.It the same in currency,everthing feels tight.July is a major cycle turn for gold to the upside so right now I'm seeing a sideways channel with low volatility.TraderDoc's ADX site (Doctor Charles Schapp) he's an MD and trader, is one smart guy,and is worth a stopping by for a visit.
"I can't believe the market has become this numb"
Why would you expect otherwise? Remember that all of the institutional investors have already cashed out. Those are the people who understand that stocks represent ownership in a business. Those are the people who think recessions, record unemployment, and nuclear war are bad for business. The sheep don't understand stocks. As far as they can tell, it's like playing a slot machine, and stock prices have absolutely nothing to do with the economy. Think of it like a bunch of sheep in a movie theatre. You scream "fire!" and the sheep don't move. You said the correct word, and there really is a fire down the hall, but the sheep don't run for the door because they don't understand what you are saying.
So what is so positive about Apple? The iWatch with Nike Fuel Band integration?
The iPhone isn't even popular anymore. The youth has moved on, just as they have moved on from Facebook. Facebook likes are 100% fake today, nobody under the age of 30 even clicks a Facebook button.
AAPL is a core investment with a solid management. Thetechnology revolution is only in the beginning , we recommend AAPL with a price target of 2000 in the next 5 years.
TraderDoc's site is now called TRADELIKEAPRO.com
It appears that Apple continues to roll on like a juggernaut, nothing has been able to take the shine off this company. Apple has even enlisted the courts and legal system to fuel its advance, by attacking rivals and trying to ban competing products from the market place.
I continue to be amazed at how much American taxpayer money is spent buying products from this "American company" that does all its manufacturing overseas. Schools, the military and government have poured massive amounts of our tax dollars into Apple products. Below is an article about the 10 things Apple won't tell you.
http://brucewilds.blogspot.com/2012/09/10-things-apple-wont-tell-you.htm...
An unholy alliance of the Federal Reserve, the government, and the too big to fail has left those of us who question the validity of the recovery in a precarious position.
For the big boys, its insider information and computer trading, this includes computing patterns that exploit where stops are placed, this improves their ability to wash the timid and weak bears out of their positions in this manipulated market. More about this ugly state of afairs in the article below.
http://brucewilds.blogspot.com/2014/04/bears-have-little-reason-for-conf...