This page has been archived and commenting is disabled.

Tuesday Turmoil? Stocks, Bonds, USDollar, Oil & Gold All Sold

Tyler Durden's picture




 

US equity futures started to slide once German confidence data hit early in the morning (and Treasuries rallied modestly) but as the US opened, the ubiquitous "markets are open and I must buy' rip hit... but didn't last. Stocks leaked lower but stopped as Europe closed (in a mirror of yesterday) but could not hold bounce gains as worries over Russia's convoy weighed on markets late on. The S&P and Dow end the day unch (Russell -0.5%, Trannies up 0.6%) on the week. As stocks old off, somewhat oddly, so did the US Dollar (on EUR strength - reptariation?), US Treasuries, gold and copper. 330RAMPCAPITAL turned up (well it is Tuesday), slammed VIX, and jammed stocks (except Russell) back to green (VWAP) but it didn't hold. S&P futures volume was over 40% below average.

 

Mirror of yesterday as stocks dumped early and stalled at the European close.. but headlines kept coming and pushed markets lower to the end of the day...

 

Machines were in charge today as normal with VWAP (blue line) resistance all day (suggesting institutional sell orders were waiting)...lower pane shows volumes massively below average this week

 

We bounced twice off last week's "NATO Threat" levels today...

 

Treasuries rallied off the German data but once US markets opened, selling began and kept going even as stocks sold off...

 

FX markets ended with the USD higher but the main action was selling from the German data that appeared all about EUR repatriation and derisking...

 

Commodities slipped lower overall (even as the USD strengthened) with gold back to unch on the week (and copper worst)

 

Notably Brent dropped to 2014 lows - dragging Brent-WTI back under $6...

 

Charts: Bloomberg

Bonus Chart: Ebola-trade favorite Tekmira dumped 20% on the day...

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Tue, 08/12/2014 - 16:09 | 5083481 Keltner Channel Surf
Keltner Channel Surf's picture

Trading low-volume summer data-less days can be slightly more enjoyable than a trip to the dentist.  Standard moves are “clipped”, turning around before reaching typical targets.

Even so, I did a nice Russell short early then, after waiting nearly 2 hours, missed a 2nd short entry by a penny, but felt technicals were too nondescript to chase after it, ultimately a bad move, but had I done so and held to the close I’d have gotten next to nothing thanks to Mr. 3:30 Ramp-Master. 

To the HFT bots who stepped around my TZA order at precisely 12:43 near VWAP I must say, with genuine admiration:  “well played” (you inbred, hexadecimal guttersnipes).

Tue, 08/12/2014 - 16:18 | 5083531 Squid Viscous
Squid Viscous's picture

heroic! thanks for sharing!

Tue, 08/12/2014 - 16:26 | 5083604 Keltner Channel Surf
Keltner Channel Surf's picture

Thanks, but I might have expected a squid of your lineage to use the term "Sisyphean."

Tue, 08/12/2014 - 17:21 | 5083987 Cattender
Cattender's picture

The Fed needs to Start Printing up more $ (Again) SOON!

Tue, 08/12/2014 - 16:09 | 5083483 Dr. Engali
Dr. Engali's picture

Roll roll roll that debt with the printing press. Scarily, scarily, scarily, life is full of stress.

Tue, 08/12/2014 - 16:19 | 5083549 Winston Churchill
Winston Churchill's picture

This market is staggering around like a drunk at the top of

the stairs with the lights off.

Just one more for the road.

Tue, 08/12/2014 - 16:47 | 5083709 Eyeroller
Eyeroller's picture

And what is the most likely outcome of a drunk staggering at the top of the stairs with the lights off...

Tue, 08/12/2014 - 18:09 | 5084256 NidStyles
NidStyles's picture

If on the street it's hookers and blow. If anywhere else, a quick fall into the oblivion. 

Tue, 08/12/2014 - 16:10 | 5083486 Bloppy
Bloppy's picture

Lefty talker: moar police shootings, please!

http://tinyurl.com/l2v74ds


Tue, 08/12/2014 - 16:13 | 5083501 Devotional
Devotional's picture

Is it normal for Elliot Wave analysts to be calling for a primary wave degree slump of Gold to sub 1000USD? WTF? 

 

Tue, 08/12/2014 - 16:20 | 5083540 Dr. Engali
Dr. Engali's picture

Elliot wave analyst........ Lol. Shouldn't we have the completed wave five down by now?

Tue, 08/12/2014 - 16:32 | 5083669 Devotional
Devotional's picture

Yes, according to them and that was a few weeks ago but then the wave count changed? Massive crater coming, majestic slump. Boom! Kaplow!

/sarc

Elliot Wave ... o_O

Tue, 08/12/2014 - 16:30 | 5083646 nosoeawe
nosoeawe's picture

that depends which elliot wave analyst you ask. ask 100 of them and you will get 100 different answers. elliot wave theory is the higher form of interpreting goat intestines. 

 

Tue, 08/12/2014 - 17:22 | 5083995 Phat Stax
Phat Stax's picture

The third of a third of a third has been coming for 5 years now.  Bastards.

Tue, 08/12/2014 - 16:13 | 5083503 SheepDog-One
SheepDog-One's picture

Probably they have to let some air out to patch the bubble before inflating it bigger tomorrow.

Tue, 08/12/2014 - 16:15 | 5083510 Squid Viscous
Squid Viscous's picture

anybody remember CB radio - 10-4 good buddy, see you in Donetsk

Tue, 08/12/2014 - 16:16 | 5083511 Cognitive Dissonance
Cognitive Dissonance's picture

"Get back in there and turn those machines on. It's Tuesday for crying out loud." - Mother Yellin

Tue, 08/12/2014 - 16:17 | 5083529 Tenshin Headache
Tenshin Headache's picture

King Digital, of Candy Crush fame, off 25% after hours.

Tue, 08/12/2014 - 16:27 | 5083611 Cognitive Dissonance
Cognitive Dissonance's picture

I once had a crush on Kandy.........wait, maybe you're not talking about that crush.

Tue, 08/12/2014 - 16:38 | 5083708 knukles
knukles's picture

When I lived in England (way long ago, impetuous alcohol fueled young man) Princess Anne was up for attachment.  Aside from the fact that I'd never met her, although had seen her once along The Mall whilst riding with some of the royal family parade... I do not "clearly" remember... I felt that it would have been appropriate for us to get hitched.  After all, a young drunken Yank would likely have been shipped off up North direction to say a nice castle in Scotland with just enough folks in attendance to keep me fed, house, washed and clothed so as not to be gallivanting, stumbling about in drunken stupors, embarrassing the Royals in public.  Figured it would have been a great life, sponging off of the Queen and family.  Had visions of strutting about in the grouse with a shotgun, scaring the local pheasant in a kilt and storm trooper's blouse....   Ah, those were the days, long nights at the Scotch of St James... nudity in Regent's Park....   Insanity...

Tue, 08/12/2014 - 16:43 | 5083747 Cognitive Dissonance
Cognitive Dissonance's picture

Nice to see you never recovered. :-)

Tue, 08/12/2014 - 16:48 | 5083760 Winston Churchill
Winston Churchill's picture

My wife used to compete against Anne on the three day event circuit, before she married

Mark Philips.They were pretty pally off the course back then.

That girl could swear worse than a fishmongers wife. All is not as it appears.

You would have had  a surprise.

Tue, 08/12/2014 - 16:51 | 5083802 Eyeroller
Eyeroller's picture

Can't blame her for the swearing.

I lived in Australia from 1986-2010, and saw a lot of English tv comedy 1970s re-runs that have never seen the light of day in the US.

The number of times her face was compared to a horse was uncountable.

 

 

Tue, 08/12/2014 - 18:12 | 5084264 NidStyles
NidStyles's picture

Wait, we are talking about Kerry right? ;-)

Tue, 08/12/2014 - 18:16 | 5084281 Winston Churchill
Winston Churchill's picture

No bloodline.

Knacker fodder.

Tue, 08/12/2014 - 16:21 | 5083556 Billy Shears
Billy Shears's picture

A market only Dr. Pangloss could love!

Tue, 08/12/2014 - 16:35 | 5083686 ghostzapper
ghostzapper's picture

Cocksucker Johnny 5 wouldn't even let ES enter my 1890-1905 on Thursday he just had to blast it from a cunt hair below 1905.  But . . . . . . . . not so sure that last move underway juuuuuussssttttt yet we may be testing that zone for real.  Unless it plunges through still leaning heavily to the final BTFMOMODONKEYNUTSJERKOFFBLOWOFFTOP from there and then the race to the bottom of the megaphone. 

Tue, 08/12/2014 - 17:02 | 5083871 Jack Sheet
Jack Sheet's picture

Big "BTFD DAX" article in Handelsblatt couple days ago

Tue, 08/12/2014 - 17:41 | 5084128 bmwm395
bmwm395's picture

Who is Elliot? Why is he making so many waves?

 

Tue, 08/12/2014 - 17:45 | 5084140 disabledvet
disabledvet's picture

"Gold standard." Move along...

Tue, 08/12/2014 - 22:30 | 5085425 Dicky Davis
Dicky Davis's picture
Very cool, how was the weather?. Hey have you seen this?; Back in 2008, the U.S. Department of Defense (DOD) in conjunction with several other federal agencies quietly conducted clinical research into the use of silver nanoparticles against Ebola and other hemorrhagic fever viruses.  And what they found was astonishing.  They discovered that silver nanoparticles were highly effective against these deadly viruses, including the Ebola virus. They later presented their findings to federal health regulators and other national health authorities.  But it was all kept top secret.  The presentation was called “Silver Nanoparticles Neutralize Hemorrhagic Fever Viruses.”  And the gist of the presentation was that silver nanoparticles displayed “powerful neutralizing effects against hemorrhagic fever viruses,” including Arenavirus and Filovirus (i.e., Ebola). This clinical presentation was conducted under the auspices of the DOD’s Defense Threat Reduction Agency (DTRA) and the U.S. Strategic Command (USSTRATCOM) Center for Combating Weapons of Mass Destruction.
Tue, 08/12/2014 - 22:29 | 5085426 Dicky Davis
Dicky Davis's picture
Very cool, how was the weather?. Hey have you seen this?; Back in 2008, the U.S. Department of Defense (DOD) in conjunction with several other federal agencies quietly conducted clinical research into the use of silver nanoparticles against Ebola and other hemorrhagic fever viruses.  And what they found was astonishing.  They discovered that silver nanoparticles were highly effective against these deadly viruses, including the Ebola virus. They later presented their findings to federal health regulators and other national health authorities.  But it was all kept top secret.  The presentation was called “Silver Nanoparticles Neutralize Hemorrhagic Fever Viruses.”  And the gist of the presentation was that silver nanoparticles displayed “powerful neutralizing effects against hemorrhagic fever viruses,” including Arenavirus and Filovirus (i.e., Ebola). This clinical presentation was conducted under the auspices of the DOD’s Defense Threat Reduction Agency (DTRA) and the U.S. Strategic Command (USSTRATCOM) Center for Combating Weapons of Mass Destruction.
Tue, 08/12/2014 - 22:29 | 5085427 Dicky Davis
Dicky Davis's picture
Very cool, how was the weather?. Hey have you seen this?; Back in 2008, the U.S. Department of Defense (DOD) in conjunction with several other federal agencies quietly conducted clinical research into the use of silver nanoparticles against Ebola and other hemorrhagic fever viruses.  And what they found was astonishing.  They discovered that silver nanoparticles were highly effective against these deadly viruses, including the Ebola virus. They later presented their findings to federal health regulators and other national health authorities.  But it was all kept top secret.  The presentation was called “Silver Nanoparticles Neutralize Hemorrhagic Fever Viruses.”  And the gist of the presentation was that silver nanoparticles displayed “powerful neutralizing effects against hemorrhagic fever viruses,” including Arenavirus and Filovirus (i.e., Ebola). This clinical presentation was conducted under the auspices of the DOD’s Defense Threat Reduction Agency (DTRA) and the U.S. Strategic Command (USSTRATCOM) Center for Combating Weapons of Mass Destruction.
Do NOT follow this link or you will be banned from the site!