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Nasdaq Tumbles To Red On The Week As S&P Crosses 2,000 For 7th Day In A Row

Submitted by Tyler Durden on 09/03/2014 12:09 -0400

Consolidating? Or Topping Out? But Ceasefire... But ECB... but Jobs data...

S&P 2,000 - 7 days in a row of small stop runs and ramps...

As high-beta Russell and Nasdaq roll-over hard...

It appears the 'ceasefire' premium is off...

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Wed, 09/03/2014 - 12:12 | 5175849 NOTaREALmerican

Investors taking profits.

Wed, 09/03/2014 - 12:41 | 5175982 rccalhoun

speculators re-counting the greater fool pool for the future?

Wed, 09/03/2014 - 12:13 | 5175850 Aknownymouse

ZH reversal alert! Watch for all time highs on close.

Wed, 09/03/2014 - 12:18 | 5175884 Groundhog Day

consolidating for an upside breakout... i can't wait to read on ZH.....Sure enough

Wed, 09/03/2014 - 12:40 | 5175906 Headbanger

That's moar like a terminating expanding triangle pattern.

Expect the maximum upside target of 2014 on the S&P cash index

Bonus chart: US Treasury yields moving up:

http://www.marketwatch.com/investing/bond/10_YEAR/charts?ma=1&maval=50&u...

Look you mooks, The """market""" has lost momentum and that's the only thing that kept it going up

So once it finally sinks into all the momo fucktard out there the game is over... SPLATTT!

Wed, 09/03/2014 - 12:50 | 5176009 Groundhog Day

Algo's can do hundreds of trades in milliseconds on thousands of stocks at once. You don't think with the super computers out thier they can come up with a program to keep stocks perpetually in the cloud

i am starting to believe we really are in the matrix...the markets are insane and whats worse is they are making me insane. I try not to look but i am a mere moth drifting toward the flames

everynight all they need to do is have someone....anyone (mickey mouse) tweet de-escalation and the spx goes up 5-10 points, and thats good enough because in 10 days we will be at 2100 and GS will raise their target to 2500 and so the game goes on. the music never has to stop

Wed, 09/03/2014 - 12:26 | 5175911 ss123

iCloud/AAPL

Wed, 09/03/2014 - 12:42 | 5175994 Headbanger

iTard/CRAPPLE

Wed, 09/03/2014 - 12:37 | 5175959 spastic_colon

sell high-beta into POMO until FED is whole is all you need to know.....the new money creation in central planning

Wed, 09/03/2014 - 12:20 | 5175895 DeadFred

This will be a profit making time for Citadel as the Fed defends 2000, holds then ramps in the last half hour to close basically even for the day. All is well for today, next week is another bet. The purpose of holding these long, flat tops is to give time for the 'real' people to divest onto the sheep at the high valuations. It takes awhile to do so when volume is close to zero.

Wed, 09/03/2014 - 12:43 | 5175999 GrinandBearit

I ask him not to post anything and he still fucking does it.

Market comes back EVERY FUCKING TIME he posts this shit.

Wed, 09/03/2014 - 14:50 | 5176668 Pareto

Then cover your short and go long! Think ofthe ZH reversal as a benefit! Not a cost.

Wed, 09/03/2014 - 12:13 | 5175858 Phat Stax

Individual stocks are closing above pivots one day, below the next and back again; the indexes have been increasingly out of synch. It feels like topping out.

Wed, 09/03/2014 - 12:14 | 5175859 oudinot