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The Death Of A Rally?

Tyler Durden's picture




 

Two words - "waning participation"...

 

 

h/t @Not_Jim_Cramer

 

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Tue, 09/09/2014 - 14:37 | 5198574 The Axe
The Axe's picture

Participation   who's participating   lol

Tue, 09/09/2014 - 14:42 | 5198593 spastic_colon
spastic_colon's picture

the central banks of course....playing hot potato with global equity market futures, currencies et etc.....sNp 2000 is safe today just iwatch

Tue, 09/09/2014 - 14:45 | 5198611 Manthong
Manthong's picture

"waning participation"...

By who? The Fed?

Tue, 09/09/2014 - 14:45 | 5198612 Say What Again
Say What Again's picture

Most of the robot activity is intra-day, but someone must be holding futures, stocks, bonds, options, etc., over night.  So are the McClellan Oscillator & Summation Index still relevant in this "market"?

http://www.mcoscillator.com/learning_center/kb/mcclellan_oscillator/the_...

Tue, 09/09/2014 - 14:52 | 5198648 cocoablini
cocoablini's picture

iWatch rally is over

Tue, 09/09/2014 - 15:20 | 5198806 Say What Again
Say What Again's picture

Is it possible that we will get a sell-off into the close?  Who or what is behind this entertainment?

Tue, 09/09/2014 - 14:56 | 5198671 Jack Sheet
Jack Sheet's picture

The only oscillator I have heard about is a groom's prick on a honeymoon.

Tue, 09/09/2014 - 15:43 | 5198908 somecallmetimmah
somecallmetimmah's picture

That's what she said...

Tue, 09/09/2014 - 15:48 | 5198929 RaceToTheBottom
RaceToTheBottom's picture

"waning participation"...

Waning Programing ....  there fixed it

Tue, 09/09/2014 - 15:23 | 5198819 Groundhog Day
Groundhog Day's picture

central banks obviously read ZH, so look for that gap to be filled in 3....2.....1

Tue, 09/09/2014 - 19:20 | 5199724 Ben Ghazi
Ben Ghazi's picture

"central banks oviously read ZH, ....................."

Good Then,

 

 

FUCK YOU YELLEN!

Tue, 09/09/2014 - 14:43 | 5198606 Pooper Popper
Pooper Popper's picture

Let them eat Banksters!

Tue, 09/09/2014 - 14:37 | 5198576 American Dreams
American Dreams's picture

One Acronym BTFD

Tue, 09/09/2014 - 14:43 | 5198603 Headbanger
Headbanger's picture

Yeah, as in Be The Fucking Dope!

Tue, 09/09/2014 - 14:39 | 5198577 Squid Viscous
Squid Viscous's picture

lol - bottom ticked it again TD...like clockwork the only thing waning is ZH regulars that used to make this site interesting...

Tue, 09/09/2014 - 14:40 | 5198588 Ness.
Ness.'s picture

As Billy Dee Williams used to say, "Works every time."

Tue, 09/09/2014 - 14:51 | 5198637 orez65
orez65's picture

"... the only thing waning is ZH regulars that used to make this site interesting..."

That is the result of the profanity ban instituted by ZH.

It is too bad because their articles freely use the word "F.ck", and it's derivatives, quite freely. 

Tue, 09/09/2014 - 14:53 | 5198658 Al Huxley
Al Huxley's picture

I don't know what profanity ban you're talking about.

Tue, 09/09/2014 - 14:58 | 5198673 Squid Viscous
Squid Viscous's picture

fuck off...and what happened to robotarder?

Tue, 09/09/2014 - 15:05 | 5198729 Hephaestus
Hephaestus's picture

ZH the only site where people are sentamental about trolls! I love it! Is there some kind of troll hall of fame with quotes and replies? That would be AWESOME!

Tue, 09/09/2014 - 15:22 | 5198815 Pool Shark
Pool Shark's picture

 

 

"It costs $5 to dig it out of the ground..."

[Nostalgic yet?]

Tue, 09/09/2014 - 15:44 | 5198910 pods
pods's picture

I just quoted Methman earlier today!  Man that was some funny shit.

pods

Tue, 09/09/2014 - 16:04 | 5199012 RockyRacoon
RockyRacoon's picture

I think you'll find some of the old-timers still around.  Just not ready to scrap like in the old days.

The old axiom comes to mind, "You can't fix stupid."

...and some of the old trolls were really stupid.  Glad they're gone so now we can have a new set of trolls.

I believe it was MasterBates who said that if gold ever reached $900/oz he'd leave of his own volition.  He's been gone a while now.  Talk about stupid.

Tue, 09/09/2014 - 17:38 | 5199372 Hephaestus
Hephaestus's picture

"Glad they're gone so now we can have a new set of trolls."

sent-a-mental about trolls = Like + Hate 

Ax-idental double entendre for trolls.

I tip my hat to thee!

Tue, 09/09/2014 - 15:41 | 5198897 lilimarlene1
lilimarlene1's picture

robotrader...where did he go, anyway.

Tue, 09/09/2014 - 14:57 | 5198676 Cangaroo.TNT
Cangaroo.TNT's picture

There's a fucking profanity ban?  What a bunch of fucking bullshit!  Fucking asshole cocksucker censors!  MOTHERFUCK!

Tue, 09/09/2014 - 14:58 | 5198685 somecallmetimmah
somecallmetimmah's picture

That's what she said...

Tue, 09/09/2014 - 15:00 | 5198692 pods
pods's picture

That reminds me of LongSoupLine.  

There was some bomb dropping when that boy/girl posted.  
Sounded like my old hockey locker room!

pods 

Tue, 09/09/2014 - 14:59 | 5198682 pods
pods's picture

You can say fuck as much as you want.

What you cannot do is impure the reputations of jews, blacks, women, slopes, spics, or any other protected groups.

And you certainly cannot opine about the concentration of certain groups in certain areas of influence dealing with fractional reserve banking.

As to why many leave, well, ZH is just a stop along the timeline of life. There not need be a reason to leave. Sometimes you just don't want to focus on this stuff day after day.

That shit wears you down, trust me, I know.  Other's make too much noise and get banned.  Francis among them. Fonz left after a blowoff night. He might be around but he really started a brawl and it is tough to come back from that without some humility.  

pods

Tue, 09/09/2014 - 15:01 | 5198701 Al Huxley
Al Huxley's picture

I think Fonz had already decided he'd had enough (it's fucking groundhog day here - market goes up, top called, mild correction, market goes up....) and premeditated his 'blaze of glory' exit.  As you say, it wears on you.

Tue, 09/09/2014 - 15:26 | 5198831 pods
pods's picture

There is nothing worse than being right and still having it not matter. Fonz was close in with finance, and to know all the shit we do and still see everyday how things just move along for no rhyme or reason must be ass chafing.  

And when you have Baboon Ass, you will do everything you can to avoid the chafe.

pods

Tue, 09/09/2014 - 16:38 | 5199174 LawsofPhysics
LawsofPhysics's picture

"There is nothing worse than being right and still having it not matter."  -- Ain't that the truth.

 

More and more it looks like "The great question of the day will not be settled by speeches or majority vote...  ...but by iron and blood."  -  Otto von Bismarck.

 

Tue, 09/09/2014 - 15:04 | 5198722 Banker Buster
Banker Buster's picture

Francis, only *&**# and sailors are named Francis.

Tue, 09/09/2014 - 15:26 | 5198837 Pool Shark
Pool Shark's picture

 

 

Some of us told him to "Lighten-up Francis..."

[didn't work]

Tue, 09/09/2014 - 15:54 | 5198942 RaceToTheBottom
RaceToTheBottom's picture

"It is too bad because their articles freely use the word "F.ck", and it's derivatives, quite freely."

Fed Funds were aimed solely at the Bankster's use of derivatives....

Therefore the FED screwed up ZH

 

Tue, 09/09/2014 - 14:59 | 5198681 HeavydutyMexica...
HeavydutyMexicanOfTheNorthernKingdom's picture

As soon as the pissed off and broke baby boomers found ZH through DrudgeReport it went down hill.

Tue, 09/09/2014 - 15:30 | 5198855 Pool Shark
Pool Shark's picture

 

 

What about us pissed-off rich baby boomers?

 

Tue, 09/09/2014 - 15:25 | 5198832 Tenshin Headache
Tenshin Headache's picture

Oh, I dunno, new 2-day lows within an hour of the post?

Tue, 09/09/2014 - 14:39 | 5198584 Snoopy the Economist
Snoopy the Economist's picture

"The Death Of A Rally?"

That's not the way I'm reading the chart. They are just having a controlled pullback for profit taking on the daily chart. Unless the SPY breaks the daily consolodation with volume then they are just getting ready for the next breakout.

Tue, 09/09/2014 - 14:49 | 5198634 Hal n back
Hal n back's picture

BUYBACK is another area of buying--face it, the companies have become cash cows since there is no need to further expand.

 

Dividends do not help executive stock and option programs so they want to buyback shares and get higher eps.

Tue, 09/09/2014 - 14:48 | 5198618 ekm1
ekm1's picture

All major players are HOARDING securities waiting for the Fed to stop the music

 

Sacrificial lambs:

 

Barclays?

Deutschebank?

BNP Paribas?

 

We'll soon hear something "nobody saw coming" which of course it was all pre-planned same as Bear Stearns, Lehman or MF Global pre-planned implosions

Tue, 09/09/2014 - 14:49 | 5198631 Eyeroller
Eyeroller's picture

Ultimately,

Sacrificial lamb = Joe Average.

Tue, 09/09/2014 - 14:55 | 5198664 ekm1
ekm1's picture

Joe Average already slaughtered and baked. Blood already sucked out.

This is shark against shark.

Fish have been eliminated already

Tue, 09/09/2014 - 15:03 | 5198711 Al Huxley
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You're underestimating the size of the tank.  Plenty of little fish to eat before the sharks start eating each other.

Tue, 09/09/2014 - 14:48 | 5198620 Eyeroller
Eyeroller's picture

Controlled pullback today, tomorrow, and Thursday.

Then when no attacks on US soil happen on Sept. 11th, Friday will be BTD and stocks will rally.

That'll work, unless...

Tue, 09/09/2014 - 14:54 | 5198659 Hal n back
Hal n back's picture

index puts wil be bought ahead of 911 but probably should be bought for the high market valuation like soros is doing.

 

however,

watch tyler post stockmans latest about dot.com2 and the high valuations in twtr, fb, and others. many times revenues. I do not know how much longer this game can go on.

 

everything has a shelf life including radioactivity.

Tue, 09/09/2014 - 16:29 | 5199133 Haager
Haager's picture

Red  on 9-11 only supports terrorists. Down into tomorrow and maybe into Thursday is accepted,

Tue, 09/09/2014 - 18:27 | 5199553 LooseLee
LooseLee's picture

Which Terrorists? In Washington or on Wall?

Tue, 09/09/2014 - 14:48 | 5198630 oklaboy
oklaboy's picture

slowly I turned, inch by inch......

Tue, 09/09/2014 - 14:57 | 5198678 somecallmetimmah
somecallmetimmah's picture

That's what she said...

Tue, 09/09/2014 - 14:49 | 5198633 Spungo
Spungo's picture

I don't understand this chart.

Tue, 09/09/2014 - 14:52 | 5198643 potato
potato's picture

Fewer stocks are accounting for the average broad-market gains

Tue, 09/09/2014 - 14:56 | 5198666 Hal n back
Hal n back's picture

market losing grip on advances which are turning to decliens. That goives you breadth of market which is not as good as it was at the last run up

 

Tue, 09/09/2014 - 14:53 | 5198635 john_connor
john_connor's picture

Yeah we are still here.  Lurking in the shadows.  This is nearly the exact same sentiment I recall in 2006/2007.  Back then it was the cbs MW board and everyone migrated over to ZH.

It was bulletproof rally, central bank liquidity, blah, blah, blah.  Same as now, and it will be a similar if not worse result. 

Tue, 09/09/2014 - 14:53 | 5198652 fed_depression
fed_depression's picture

Time for the Fed to flush the money out of the stock market and let it hit main street.

Tue, 09/09/2014 - 14:54 | 5198661 buzzsaw99
buzzsaw99's picture

so help me if "the market" ever again goes down a full half a percent i am throwing down bitchez

Tue, 09/09/2014 - 14:56 | 5198675 Hal n back
Hal n back's picture

I have resorted to buying some realtively inexpensive spxl calls

Tue, 09/09/2014 - 14:59 | 5198690 gmak
gmak's picture

SPX = 1988 is point to watch. Buyers are defending right now, but if it breaks, then its al whole new game between 1980 and 1988. lol.

Tue, 09/09/2014 - 15:03 | 5198708 fed_depression
fed_depression's picture

Once the billionaires are hoarding that's part of the sign.

Tue, 09/09/2014 - 15:07 | 5198739 Comte d'herblay
Comte d'herblay's picture

I don't know what's going to happen between now and Friday so I am going to buy 1000 $80 calls on the TNA and sell 1000 October $17 calls on the TZA.  

 

That should do it. 

Tue, 09/09/2014 - 15:07 | 5198746 starman
starman's picture

Membership only! Requirements. One good color printer.

Tue, 09/09/2014 - 15:08 | 5198753 fed_depression
fed_depression's picture

Oh they are dumping now baby.

Tue, 09/09/2014 - 15:27 | 5198842 Al Huxley
Al Huxley's picture

It only seems like 'dumping' because the 'market' almost never goes down anymore.  .6% doesn't really constitute dumping.

Tue, 09/09/2014 - 15:15 | 5198783 q99x2
q99x2's picture

The bots caught a virus.

Tue, 09/09/2014 - 15:46 | 5198916 somecallmetimmah
somecallmetimmah's picture

That's what he said...

Tue, 09/09/2014 - 15:24 | 5198828 Yen Cross
Yen Cross's picture

   There's a 10 year treasury auction tomorrow. Yields have moved higher over the last 3-4 days. I'll bet there will be pretty good demand. blub-blub-blub usd/jpy tomorrow.

Tue, 09/09/2014 - 18:50 | 5199636 scubapro
scubapro's picture

 

happens all the time.  whenver yields spike oddly in relation to equity mkts I look at the calendar and almost always there is a 2, 5 or 7 yr auction.   they run it up into the auction, making the Treasury pay, then ride it down.   this time is a bit bigger with long yields staying high even with mkts moving south past 2-3 days.     next week shoul make for good rally on tlt

Tue, 09/09/2014 - 15:41 | 5198900 Banker Buster
Banker Buster's picture

What is sad is I would not be shocked at all if the Fed actually put together a special team for Sept 11 each year and they were extra diligent to buy any dip just to give a good feel out there.  

 

Audit and highly regulate the fed.

Tue, 09/09/2014 - 16:26 | 5199118 AdvancingTime
AdvancingTime's picture

The term "the new normal" has not been used much as of late, but going forward it may be about to return. Many investors and the public at large may be about to realize that central banks can only do so much through printing money and lowering interest rates. Both these actions carry with them some very strong and nasty side effects.

Markets have become very distorted as money has flowed into risky assets in search of higher yields. It could be we are about to see the markets morph into a "realizing market", one that grinds slowly downward. Another possibility is that at some point the wisdom of buying every pullback changes and the market simply drops like a stone. More on what the future might hold in the article below.

http://brucewilds.blogspot.com/2013/06/realistic-expectations-for-econom...

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