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Trannies Trounce Small Caps As Bullion, Bonds, & Black Gold Get Battered
Two words tell you all you need to know about today's equity trading... no volume (lowest since Aug27th). The main theme of today - away from stock markets - was to unwind some or all of Friday's moves on the dismal Italy/Greece data: Treasury yields jerked almost 10bps off their lows with 30Y almost retracing the entire Friday rally; The USD rallied, recovering some of its losses from Friday (led by CAD and JPY weakness - which were both stronger Friday); gold and silver were slammed today - almost retracing Friday's gains; and oil prices gave up all their intraday gains to close notably lower. USDJPY and bonds decoupled from stocks which appeared led by a VIX-smashing day, sending the fear index below 12.5. The Dow and S&P closed at all-time highs.
Quietest day in EMini futures since August 27th $ES_F $SPY
— Eric Scott Hunsader (@nanexllc) November 10, 2014
Spot the volume trend...
On the day, Trannies won...
But note the reactions in futures... The selloff into the Asian close, the dump-and-pump on the Greece/Italy data (bad news - sell!, wait that's great news - it forces the ECB to act - buy!)... then the US Open was exciting. This is performance from Friday's payroll print... Note - The Nasdaq is red post-Payrolls!
VIX dropped below 12.5 and was in charge of stocks today... some tomfoolery at the bell though
Quite a roundtrip from Payrolls.
Treasuries look normal today.. off the Greece/Italy data lows...
And The USD surged... off the Greece/Italy data lows
And commodities all turned notably lower after the Greece/Italy data...
Copper is marginally lower than its pre-payrolls level but WTI is notably lower having tumbled hard today. Gold and Silver sold off but held on to some gains from Friday...
Charts: Bloomberg
Bonus Chart: The Decoupling of exuberance...
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In the Kingdom of Could Be You!
speaking of trannies...did flotus accompany obola to china ?
gold stuck the landing $1150.00 on Yahoo...... simply f'ing amazing
The funniest ones are like today. No volume ramp ups on indexes.
USD doing a gold circa September 2011.
Agent Smith: Why, Mr. Anderson? Why, why? Why do you do it? Why, why get up? Why keep fighting? Do you believe you're fighting... for something? For more than your survival? Can you tell me what it is? Do you even know? Is it freedom? Or truth? Perhaps peace? Could it be for love? Illusions, Mr. Anderson. Vagaries of perception. Temporary constructs of a feeble human intellect trying desperately to justify an existence that is without meaning or purpose. And all of them as artificial as the Matrix itself, although... only a human mind could invent something as insipid as love. You must be able to see it, Mr. Anderson. You must know it by now. You can't win. It's pointless to keep fighting. Why, Mr. Anderson? Why? Why do you persist?
Neo: Because I choose to.
HOORAY for always glorious stawks!
So all variables in forecasting models have been replaced with one variable: QE or not QE?
Liquidate all float scams (stocks with top 10 10 shareholders controlling 30+% of float with cash flow yield under 5%) to raise cash and buy gold. We can end the abuses forever... All it will take is forcing them to absorb all the return free risk. They've been abusing options using asymmetric leverage and knowledge of positions for years now... Everything is upside down. Avoid all VIX derivatives and never buy a call in any low float stock and it unwinds.
tomfoolery is 3:30 pm ramp. Its almost like someone knows what they are doing.... Very Odd
I thought Tom Foolery was the Speaker of the House back in the early 90s. I recall stawks did quite well then, so perhaps that explains the reference to the closing verticality.
From a gold bug's perspective, what are the six stages of an ass whoopin? I'm at resignation, is there anything after this?
BTFD
If your worried about the fiat price, you will be soon called graybeard. Keep stacking for all your worth. Focus and review just what the fuck these insane people in power and their acolytes are doing right now to the financial world. Worldwide. It´s way beyond FUBAR. If they take gold and silver down to 1993 levels, I´ll be buying as much as I can, all the way down and then some. They can manipulate the paper price, but they can´t print physical gold and silver, and I for one am not going to rely on flammible paper or promises of pensions for my financial security. Ask a retired fireman, cop, or city employee from Detroit how things are going. Don´t get pissed if your bombarded with curse words for asking. Stack, and sleep well.
+1fockewulf.....ditto. I would kill to see deflation hit the PMs hard like - nutsack hard. Ask a retired fireman, cop, or city employee from Detroit how things are going. EXACTLY. In the end, I have no idea where gold is going....$5000 or $50. To me, it don't matta because I know its real exchange value doesnt move much, and as the price of gold goes, so too does the prices of everything else. Its a hedge for me against currency debochment. $5,000 v. $50 are two different states of the world, and the only things you really oughta be asking yourself, or, be concerned about, is which world would you prefer to live in. Tell you what. I think about a lot of things these days: how solid is my current income stream;, savings (cash) fuck what should I be doing?; what else can I do on the farm?; etc. What I am not thinking about at all is my PMs. they are stashed somewheres safe and thats all i care about. As focke says - stack and sleep well.
The fact that you worry about the price going down is proof that you didn't buy gold in the right mind. It is not a get rich quick scheme. It is a way to resist the current financial system and financial meltdown insurance. Cashing in by overthrowing the current financial system and getting the payoff with the insurance policy may very well not happen in your life time.
trannies monthly chart is one of the scariest, most insane charts ever seen. oh, that and biotechs.
if that ain't extreme overbought to the tenth square for over 2 years, I don't know what is.
The cleanest dirty shirt is whipping commodities' ass for sure. What about all this 'death of the petrodollar' bullshit ?
Not today anyway.
WOW - when I saw the title I thought this article was going to be about Moochele
Gotta punish ISIS for selling Oil--Smash Oil
Gotta punish Russia, Iran and others for trading gold for oil. Smash gold.
The SP500 & DJIA keep going higher and higher and higher day after day after day after day...
For God's sake, will we get at least 1 day down ????
Or no ? Is it forbidden from now on ?
F--- Y--, Yellen & Bernank. I hate you so much. You are destroying our currency, and also our lifestyle...
You are destroying our currency, and also our lifestyle...
and my account balance
Interest rates can never be allowed to increase.
It's now a game of QE, no QE.
Until a currency crisis hits Japan or the US. Japan looks like it's ready to implode.
"Friday's gains are just the beginning"
Monday: Gold -$28.70
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I can't begin to tell you how much of my ass has been lost trying to short this market. I know that none of these wild up-moves make any sense and they haven't for the last few years now. I know it's all HFT low volume manipulation and trillions in POMO. I know it will end badly, I just don't have the date. The events of the last few weeks should solidify the level of lunacy in everyone's mind.
I'm at the edge of capitulating and going long. When I do, all of you should short the farm. You will be rich.
what is your holding period, restrictions?
anybody that day trades without holding periods isn't rich now, is an idiot. sorry, but that's the truth. because, for the most part, stocks only go up. and will continue to do that.
i have a 30 day holding period, i can't bring myself to go long on that, but seriously, buy ANY dip right now. it's just that simple. they WILL NOT let stocks go down.
and even if you go long, and can sell out quickly - when the big heart attack comes, you will be able to get out, it will be obvious. because it is coming, but when?
You aren't alone. I will never go long though.
Patience. Look at that volume chart. This next V may just be a \
This averaging down my shiny purchases is going great.
Everytime I buy, the price goes down the next day.
Patience Grasshopper!
I need a few more months to get the shiny price to zero.
bullard and all Fed not enough lamposts
Hey, look! A Ferrari Pick Up truck! Doing 200 miles an hour while pulling a bulldozer no less!
I mean seriously...Foed had a full size pick up that will be getting 30 miles to the gallon folks.