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BoJ Invisible Hand (Briefly) Rescues Nikkei From Sub-15,000 Plunge (Again)
UPDATE: That didn't last long... NKY back under 15k as JPY collapses
Heavy volume selling in Nikkei futures at the open sent the index down over 200 points and broke the oh-so-crucial 15,000 line. It appears - just as in August that 15,000 is the BoJ's line in the sand as a miracle buyer turned up and lifted the index all the way back to 15,000 (whiule JPY remained lower and US futures saw no bounce). Of course, for those who prefer to ignore the fact that the BoJ is almost the biggest holder of Japanese stocks in the world and bought more stock ETFs than ever before in August, this is a clear signal of BTFD'ers back to save the world. For the rest of the sane rational fact-checking market participants, that 'know' the BoJ's trigger to buy is a weak morning session, we wonder how much of this futures ramp is front-running... that will fade as JPY is not supportive at all.
Who has the muscle to do this in size in the face of heavy volume... in the face of VongFong too
Because it's not carry traders lifting it...
Now where have we seen that miracle buying before...
Don't forget the market's perception that if Japan is down 1% in the morning, the BoJ comes to the rescue... or is it different this time?
Charts: Bloomberg
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Fuck you Rothschilds!
Financial WW-3 has begun.
Prepare the war room at the FDIC in Washington for UK and US heads ot treasuries and Central banks!
Printing money to support the equity values of the most wealthy in your society... how is this not redistribution?
The real welfare queens.
In a sense, you're right. But think of all those lovely tax reciepts for cashing out flowing into .gov coffers that give statists boners.
Its all for the poor, the afflicted, the Cash for Clunkers and what-not, dontcha know ;-)
And here I was thinking that killer clowns was the creepiest story of the night....
The Only News Story that will Creep you Out More than a Federal Reserve Meetinggacy wanna bees...
Martingale is a bitch
"Was papa-san brave?". (obscure John Wayne reference-sorry)
Wrong. "Was my Peter-san brave?"
But will that save them from Ebola ?
Most Japanese can only afford the poor man's Hazmat suit .
They might not like the fact that it is of Mongolian origin .
Oh well , survival is worth a nod .
Kubilai Khan failed twice in invading Japan because he bribed with paper currency .
(Something nobody there wants to talk about : It was the wind.)
This has been historically battle proven . It might save some lives Regards Andre xxxxxxx http://andreswhy.blogspot.com/2011/07/rotting-clothing.html https://www.academia.edu/8743634/Ancient_Mongolian_Hazmat_SuitWhy it's falling?! After 6 years we still in recovery and everything is fine!!!!
I would be shock to learn that it was a lie all this time..
There is no morning trading in Tokyo today. It's a public holiday there!
Correct! It's HELLO KITTY DAY!!!
Actually, its sports day.
(However, they may want to think about having DECONTAMINATION DAY.)
Gotte love Health and Fitness Day. Hookers and blow anyone?
That pig is roasted. What made the PeNikkei attractive was " Nominal Yield" AKA Depreciation of the ¥.
Now > Japan is stagflating and, Abe is screwed sideways.
DAMN YOU GLOBAL WARMING!
(Or is it racism this week)
It's funny. I sent the weekly chart over to Z/H 24 hours ago. I love the fanboy clowns.
I warned you idiot " yield chasing 2/20 morons"...
I do my homework Bitchez
Sell all float scams, raise physical cash and buy gold. NFLX, AMZN, GPRO, LNKD, ETC. Let those that broke the market through option manipulation buy what they broke.
What makes you so sure that the buyer was BOJ? Would not the US Federal Reserve have a similar interest in supporting both the NIKKEI and the Yen, not to mention the resources to affect them?
Same thing with Dow and the rest of financial system:
As of Dow 6600 low in 2009 here's my estimation:
-2400 accumulated points up from world central banks buying to 9,000
- 2000 accumulated points from buyback to 11,000
Any point from 11k to 17k has basically been NSA intermittently marking digits up by overriding the system in cooperation with NY Fed and Primary Dealers.
As I've always said: Dow can literally go to 30k in a month if central commands deems it necessary. They will simply tell NSA ty type up digits on computers and baaaaam you have Dow 30k.
Conclusion:
Up to 11k, Dow is human and is the absolute top it can make sense. Any point above 11k if pure fiction. Hence world opting out of the system.
Crappy halloween, Japanese people. Your servtitude will onry benefit you 'a so rong.
How can the JPY collapse and gold be up $10? What's wrong with these guys lately, don't they know the trade anymore?
Good questions Al.
My guess is they're cross hedged in the paper market.
Remember how Tyler dicussed forward and backward paper hedging? The banksters, are asses and ankles deep in paper.
Black monday!
Yes, it must be the BOJ. It couldn't be greed and fear in the market. Always a conspiracy.
The MARKET is NOT OPEN....... Tyler check your craps dude this should be embarrasing.
Hey numb nuts? The markets are open !
CFD, much?
An expatriate should know that?
Hmm, the 2 spots I usually check aren't updating either.
You're a fucking moron
Assumed Fed is slowly ramping up AUD.JPY for a given value of ES_F all night long (been watching).
AUD.JPY is a backstop IMO. A couple times on lowering ES_F past week Fed needed to lower AUD.JPY.
Sometimes they forgot and they couldn't breach a lower ES_F.
Look at 1 min. chart for Friday after close they finally breached 200 SMA they tried a few times until they lowered AUD.JPY they could breach.
See my post on .And The Aussia Stock Market Breaks Again, Due To "Glitch" - ZH.
ES_F 1865 held all on it's own! Fed lowered AUD.JPY & USD.JPY just after 4:15 EDT probably to test support at 1865.
Futures closed for 15 minutes and Forex still open.
Given that I see no need for Fed to test further support levels as they will have to force it to a lower level.
Prior they just let it fall IMO!