Stocks Recover "Invasion" Losses On VIX Smash

Tyler Durden's picture


Having lost contact with JPY crosses early on, it was left to VIX to be the momentum ignition to run equities back up to the scene of the crime yesterday. US equity indices are close to the levels pre-Sikorski yesterday as VIX is hammered back under 16.


JPY not buying it... (AUDJPY disconnect)


VIX driving it...


As stocks recover Sikorski losses...


Charts: bloomberg

Your rating: None

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Wed, 08/06/2014 - 11:11 | 5054016 orangegeek
orangegeek's picture

well this is because the recovery in europe is back on


everything is fine



Wed, 08/06/2014 - 11:32 | 5054159 JamieDimon
JamieDimon's picture

Indeed, they just anounced that Italy is back into recession. Germany's industrial orders just plummeted by 3.7% due to sanctions against Russia. Central planners must be desperate to keep the stock market afloat.

Wed, 08/06/2014 - 12:42 | 5054535 max2205
max2205's picture

Thank God Janet is keeping things calm.

Thanks Mr Yellen.....owe you a lip wax

Wed, 08/06/2014 - 11:15 | 5054031 order66
order66's picture

Vladamir Napolean Putin is bluffing! Europe is saved! Yay!

Wed, 08/06/2014 - 11:15 | 5054039 learnmesomething
learnmesomething's picture

RSS Feeds are down!

Wed, 08/06/2014 - 11:17 | 5054048 buzzsaw99
buzzsaw99's picture

pomo arigato mr. roboto

Wed, 08/06/2014 - 11:17 | 5054050 slightlyskeptical
slightlyskeptical's picture

More like the 100 day average being traded around.

Wed, 08/06/2014 - 11:25 | 5054064 medium giraffe
medium giraffe's picture

3pm btfd doomed?

Wed, 08/06/2014 - 11:34 | 5054171 SheepDog-One
SheepDog-One's picture

Must manipulate everything.....totally non-rigged tho.

Wed, 08/06/2014 - 11:49 | 5054240 El Hosel
El Hosel's picture

Big suprise, two plays in the play book... punt or print.

Wed, 08/06/2014 - 11:53 | 5054271 Tsar Pointless
Tsar Pointless's picture

S&P LOD: 1,911.45

That's 19119 for you numerology nerds.

Wed, 08/06/2014 - 11:54 | 5054274 The Magus
The Magus's picture

I read the title of this piece to my breakfasting family, asking what it meant. They laughed hysterically.

Wed, 08/06/2014 - 11:59 | 5054304 IronShield
IronShield's picture

Now this IS exceptional!  Thank you for the relief.

Wed, 08/06/2014 - 12:14 | 5054380 Keltner Channel Surf
Keltner Channel Surf's picture

When the various VIX's are being crushed to this degree, JPY doesn't need to 'buy' it, just not fall out of bed, and 102.25 seems to be the edge of the bed (102.33 as I type).  Days when "geo" news mixes with the algo tech levels are hard to navigate, I find trades are often "clipped", turning back before hitting typical targets, as we saw yesterday even before the Polish announcement.  Thus, I exited my Russell long at noon, knowing there was a good chance I'd be kicking myself by 12:45, but it seemed a prudent calculation of the machines + geo = price equation.  Wanted badly to buy the open but waited one 15m bar to ensure a risk dump didn't occur, then scaled in.  The age-old trader's dilemma:  sketch out in your head at 9:00 the potential path, but are happy, considering risk, to get a solid piece of the road rather than the whole enchilada.

Wed, 08/06/2014 - 12:18 | 5054409 Keltner Channel Surf
Keltner Channel Surf's picture

Holy crap JPY was just suddenly crushed below 102.  It's a hockey stick chart, equity longs should probably exit and wait to see if there's a news headline, or just another nervous desk.

Do NOT follow this link or you will be banned from the site!