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January Jitters Jolt Stocks - S&P Loses Key 2,000 Level; Bonds' Best Month Since June 2010
Given the following - Silver and Bonds win in January followed by Gold, Stocks and Oil Lose...
- Treasury Bonds - Best month since June 2010
- Crude Oil - 7th month lower in a row (same as 2008/9) and manic ramp to green on the week (best week since Dec 2013)
- S&P 500 - Worst month since last January, first two-month drop since May 2012 (worst week in last 8)
- Dow Transports - Worst month since Sept 2011
- Gold - Best month since Jan 2012 (worst week in 6)
- Silver - Best month since June 2014 (worst week since Sept 2013)
- Swissy - Best month since Dec 2008 (worst week sicne Sept 2011)
- US Dollar Index - Best month since May 2012 (up 7 months in a row)
We suspect this will help...
Bu, for human oil shorts this afternoon, we suspect this sums up their message to the manipulators and their machines...
We have to start with WTI because that was a fucking joke!!!! This 8.3% ramp into the NYMEX close was the biggest single-day ramp since June 2010... (in case you wonder what happened... read this complaint)
Which magicaly levitated stocks... to the NYMEX close...
Now where have we seen that before?
Crude down for the 8th month in a row... for only the 2nd time in history
* * *
Anyway... take a breath because it was quite a month/week/day...
Today's market was domianted by fading yesterday's Yellen pump bounce and the momo ignition from crude which was faded...NOT OFF THE LOWS
On the week, Trannies are the laggard... NOT OFF THE LOWS
On the month, stocks are ugly...
With financials monkey-hammered...
Who could have seen that coming?
Since QE3, only NASDAQ is green (thanks to AAPL)
The S&P 500 dropped back below its 100DMA after Yellen's intervention - that is a problem... And The S&P 500 Lost 2000 at the close
Obviously oil stands out on the week (thanks to today's idiocy) but gold recovered to unch while silver was slammed...
Energy stocks spiked (again) - credit didn't!! Trade Accordingly!
The US Dollar dropped modestly this week (down 0.5%) despite a huge drop in Swissy)
Treasury yields plunged on the week (new 30Y record lows)
Of course stocks just kept on buying and disbelieving bonds...
And on the month, 3Y is -20bps and the entire rest of the curve is down around 50bps!!
Bonds best month since June 2010...
Credit continues to flash red - just like it did in 2008...
Charts: Bloomberg
Bonus Chart: Unless you got in at the IPO price, you are a loser in SHAK!!
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Down on a Friday!
Place your bets.
we just might need QE4 after all lol
"key 2,000 level"
LMAO ~ That's just "PapadeFromage-ese" speak for:
"If you don't print us some fucking fiats pronto, we're gonna go all SAMSON OPTION on your asses, so "Ayin Kafin Yan Shtik drek""
Sometimes a close isn't a close, as much as it is the next open.
No 3:30 soup for you!
itshappeningRonPaul.gif
You mean to tell me Bernank isn't the all-powerful Zeus and Yellen isn't his Queen Aphrodite?
CNBC can never get enough of the IPO opening con-jobs.
Critical support on spooz was taken out (with DJIA about to lose critical 17k mark) & Dan Zanger is hounding me with his news letters lately.
Mr. Yellen also missed his period this month & got a Moe-Bowl haircut.
Red, ominous warning signs everywhere.
they spent all day talking about Shake Shack, Apple, and the Stupor Bowl - while the market was jumping around like a crack whore on acid ... hilarious
R the Duper Bowel or Greasy Fast Grek Tanks on those scharts?
I hope the Cherry Bashin Rapers beat the Sniveling Ratface Gits
And in Mel Brooks speak it translates to "NOBODY MOVE, OR THE NIGGER GETS IT!"
Well all I can say to that is... "Consider the source"
Mel Brooks (born Melvin James Kaminsky)
Brooks was born in Brooklyn, New York, to James and Kate (née Brookman) Kaminsky.[4] His father's family were German Jews from the Baltic Sea port of Danzig (present-day Gda?sk, Poland); his mother's family were Ukrainian Jews from Kiev.[5] He had three older brothers, Irving, Lenny, and Bernie...
Ha Ha Ha Mel ~ You're FUNNY beyond belief... We'll excuse your CAREER blatant racism because you're a jew & everybody knows it's against the law to NOT laugh at racial slurs if they come from jews...
Only assholes like Romney Wordsworth must abide by empirical edicts...
The Narrator:You walk into this room at your own risk, because it leads to the future; not a future that will be, but one that might be. (Camera pans to Narrator)This is not a new world: It is simply an extension of what began in the old one. It has patterned itself after every dictator who has ever planted the ripping imprint of a boot on the pages of history since the beginning of time. It has refinements, technological advancements, and a more sophisticated approach to the destruction of human freedom. But like every one of the super states that preceded it, it has one iron rule: Logic is an enemy, and truth is a menace.(Camera switches to the convicted man) This is Mr. Romney Wordsworth, in his last forty-eight hours on Earth. He's a citizen of the State, but will soon have to be eliminated, because he's built out of flesh and because he has a mind. Mr. Romney Wordsworth, who will draw his last breaths in the Twilight Zone.
Chancellor:Wordsworth, Romney, Field Investigation Finding Obsolescence. Do you know why you're here Mr.Wordsworth?
Wordsworth: Yes sir...
Chancellor: I'd ask you to speak up a little if you will, Mr.Wordsworth.
Wordsworth: Yes, sir, I know why I'm here....
Chancellor: You've been under investigation, Mr.Wordsworth for the mandatory period of 1 year and 11 months, you are found to be obsolete. The purpose of this hearing to make a finding in the matter and make a sentence accordingly. Do you understand that?
Wordsworth: I understand that.
Chancellor: Your occupation Mr.Wordsworth?
Wordsworth: A librarian, sir....
(Crowd jeers confusingly)
Chancellor: (Puzzled and angrily).....A what!?
Wordsworth: A librarian, sir...
Chancellor: (To Secretary) Has this man had counsel?
Secretary: Yes,sir, he has.
Chancellor: Has he been given orientation?
Secretary:Yes, sir.
(As this goes on, Wordsworth steps back into the darkness, as if knowing his fate)
Chancellor: Mr.Wordsworth, I've been told you've been given couns(notices he's out of the light)...STEP BACK INTO THE LIGHT, MR.WORDSWORTH!
(Wordsworth steps back into the light)
Chancellor: I'm told you've been given Counsel,Mr. Wordsworth. but I'm still not sure, in my own mind, you understand the nature of this hearing. The field investigators in your sector have classified you as obsolete, this finding carries with it serious implications. Do you understand that, Mr.Wordsworth?
(Wordsworth nods)
Chancellor:I'd ask you again, your occupation Mr.Wordsworth?
Wordsworth: I AM a librarian, that IS my occupation, that is my PROFESSION. If you people choose to call that obsolete...
Secretary: Request clarification of the term...
Chancellor: Yes...Mr.Wordsworth, the term "You people," you make reference to The State?
Wordsworth: I make reference to The State.
Chancellor: And you persist in declaring your occupation as being that of a librarian. Is that correct?
Wordsworth: Yes, sir, that's correct.
Chancellor: A librarian. Having to do...with books.
Wordsworth:(Proudly) Yes sir...books!
Chancellor: Since there are no more books, Mr.Wordsworth, there are no more libraries, and ,of course, as it follows , there is very little call for the services of a librarian. Case in point: A minister. A minister would tell us that his function is that of preaching the word of God. And since it follows that since The State has proven that there is no God, that would make the function of a minister quite academic as well....
Wordsworth: There IS a God!!
(Crowd jeers in shock. The chancellor looks angry)
Chancellor: You are in error, Wordsworth. There is NO GOD! (To the crowd) The STATE HAS PROVEN THAT THERE IS NO GOD!!
Wordworth: You cannot erase God, with an edict!
Very intrsing post for a newbee-I'm going to have read it again with a little smoke. Milestones
It's doubtful that the 'smoke' of your choice tonight will erase the 'smoke' that's been going on for over a century... But its worth trying anyway...
Very intereresting post for a newbee-I'm going to have read it again with a little smoke. Milestones
Oh boy! I'm absolutely 'holding my breath' in anticipation of the THUMBS UP/THUMBS DOWN Siskel & Ebert Reefer Madness Show...
Francis Sawyer is back
broke up trend! jawbone got punched hard, could be broken, but at least fractured.
cranial cavity above jawbone will function as normalicy bias dictates-MOAR.
lower highs and lower lows...
Bonus the female bisexual celebrities
(Reuters) - Greece's new left-wing government will cancel plans to sell the state natural gas utility and is firmly opposed to a Canadian-run gold mine that is among the biggest foreign investment projects in the country, the energy minister told Reuters.The comments on Friday by Panagiotis Lafazanis, who represents the more radical wing of the ruling Syriza party, further reinforces early signs that the government is sticking to campaign pledges that have chilled investment and unnerved financial markets.
The Skouries gold mine operated by Vancouver-based Eldorado Gold Corp. (ELD.TO) in northern Greece was the flagship project of the last government's foreign investment drive and considered a test case that would reveal whether Greece could protect foreign investors despite local opposition. "We are absolutely against it and we will examine our next moves on it," Lafazanis, a 63-year-old former Communist, told Reuters at his new ministerial office. He declined to say if the government would try to block the project from going ahead.
Shares of Eldorado Gold tumbled to a six-year low on Friday and were trading down 18.5 percent on Friday on the Toronto Stock Exchange. The company owns 95 percent of the Greek venture. “We have our permits, so we’re legally entitled to continue our operations and development projects there. So for us, it’s business as usual at this point,” said Krista Muhr, vice president of Eldorado's investor relations, in response to the report.
“I don’t think we would continue investing money into Greece if we weren’t confident,” she added. The firm said last week that it would spend about $200 million this year to develop Skouries mine, and expected to complete construction in late 2016. The project is among the biggest foreign investments in Greece since the country sank into a debt crisis in 2010, with Eldorado taking over the mine in 2012 and promising to invest $1 billion over five years.
But it has been beset by controversy and violent local protests for years and Syriza had criticized the environment impact of the project on the pristine Halkidiki peninsula landscape of beaches and forest surrounding it.The new minister was even more categorical on gas utility DEPA, saying the planned sale of a 65 percent stake would be scrapped.The previous government had planned to accelerate the privatization as part of commitments under Greece's 240-billion-euro ($271 billion) bailout from international lenders, after an initial attempt to sell to Russia's Gazprom (GAZP.MM) in 2013 failed. "In no way will we privatize gas utility DEPA and sell it to anyone, no matter who the interested party is," Lafazanis said."
Everytime I see this unicorn... LMAO
Went to WalMart today, for the first time in years Parking lot was very empty compared to what I recall.
The most bizarre thing was every other customer was a morbidly obese female lardhog riding a scooter WTF?
When I was a kid in the 70's a blimp like that would be spotted about once a year, and it would be like - wow look at that fat lady!
Today there were dozens riding in the aisles, 400 plus pounds of lard and sweat and huge flabby arms and legs. A sad, strange scene.
What has become of this country???
Did you offer any of the ‘associates’ tip money for personal services in a changing room?
Good thing the fatties get you horny.
"A fleet of interstate buses shuffling through the malls....doing their two favorite things, shoppin and eatin."
https://www.youtube.com/watch?v=nLRQvK2-iqQ
how about this scene from Wall-e of the fat humans on hover cars?
https://www.youtube.com/watch?v=s-kdRdzxdZQ
HA HA JIGGLE TITS - http://www.reverbnation.com/familyrotten/song/19939791-jiggle-tits
Das rayciss
HFCS subhumans ready for free healthcare and disability(or already tapped in), fucking over, lights out, run and mind your own business far far away...
Actually fatcist.
Definite confirmation 'everything is awesome!'(tm) when the ultra poor are super fat! YAY! Let the goodtimes roll, (in a free no charge to you Hover'Round) fishes.
I hear ya Clueless.
I hate running errands because it is always so depressing. I always have to reward myself with a little whiskey
I LOVEZ the BBW
For me,...this cheez whiz era of plumpness is hog heaven
:)))))))))))))
I shop at wal-mart mostly just to buy ammo. They have good prices on brass cased Turkish m855. 30rds for $10. 30 cents a round for brass case 5.56 is hard to beat.
Radiation, or was this just to derail the subject.
What happened to this country? Greedy people, sheeple expecting everything for nothing, dissolution of the family structure, opening borders to the wrong people, technology replacing movement and social interactions, voting for prez cause he's "cool", pain avoidance at all costs, fast food, Oh forget it
Ward,
Leave it to Beaver. Everything will be all right.
its all part of the plan, as you well know dr. krugman
You need to get out more......those fucking hippos on a scooter run three wide down all the aisles. I actually saw a pileup in the candy isle one day when a stocker boy with a card broke up a three wide run. Hilarious....you should have heard the swearing when the big purse full of smokes, snacks and EBT card hit the floor.
i love the smell of FEAR on a Friday afternoon... smells like... Victory.
A Friday AND a window dressing day!
we need a Yellen pep talk everyday
What makes you think [s]HE wasn't one of the lardasses in the Clueless ^^^ WalMart nightmare
Yellen makes me horny.
I masturbate with 50's and wipe my ass with 100's.
I wonder what she's telling the dems behind closed doors now (we'll be launching qe4)?????
Never Sell A quiet Market After A Rise.
This market? Run like hell. Futures just took off 250 DJI points in 90 minutes:
http://www.investing.com/indices/us-30-advanced-chart
Have a plan, stick to it, you'll be fine.
Seems like the sheep plan is to buy high and sell low. Same with Chevron and its stock buybacks.
Why did oil pop
everybody needs oil.
supply and demand are about 93 million bbl/day..... world storage is less than a 30 day supply.
demand is pretty inelastic...people need to go on with their lives.
the price goes wonky - up or down - on whispers of rumors of hints of gluts or shortages in supply.
expect more fluctuation and don't bet what you can't lose.
Q: Why did oil pop?
A: End of month window dressing
Alternate A:
Why not?
Might want to ask whoever got elected because believe me...if they don't want to know they should.
Not that anyone cared about Detroit blowing up.
Just sayin'....when you Corzine some folks that gives people ideas.
http://www.zerohedge.com/news/2015-01-30/crude-oil-prices-are-spiking-again
>>Why did oil pop
>>WTI because that was a fucking joke!!!!
Because no one wants to be short over the weekend with geopolitic risk/Saudi risk....etc. Saudis are already having special meetings, they may not wait for June to have their little announcment
And to the longs and degenerate knife catchers out there, I just want to say: Big dick playa! Sometimes the sun shines on a dead cat's ass every now and again. Congrats to you, especially the UCO crowd.
This beer is on me! Now watch me catch this thing right above the floor
Obama let ISIS overrun Iraq’s northern oil fields.
ISIS launches attack on oil-rich northern Iraqi city of Kirkuk
So S&P 2050 next week and oil $40?
Or S&P 1900 next week and oil $55?
It looks like we're going to hit around 1800 - eventually - as part of a Rising Wedge that sharted in mid-October broke through earlier this year and then was tested and failed with ECB QE. We seem to be on a Descending Triangle since the beginning of the year, but I don't know if today specifically was part of an exhaustion sell that would then lead to around 2040 as part of the Descending Triangle. It wouldn't surprise me to see us heading to around 2040 next week just as part of this overall bearish pattern. It's possible that there could be an upside break to the Triangle and we see 2200 before we see 1800, just there's so much going on in the world I think we'll see 1800 first. However, 1800 might be a floor where we would then see 2200 before something like 1500.
You had me at "sharted".
huhuhuhu....you said sharted
Boutique burger time!
very odd day.
futures were down pretty sharply this morning, and the ''market''' never reached those levels until an hour or so.
then it was brought back to positive until the late day selloff which broughtest to the lows of the day.
i dont want to fucking see s&p 2000 again, but sadly we will prob see it monday.
i am just waiting for banksters to start jumping.
For DJIA it was the lowest level of the MONTH. Yes, closed at low of month. S&P was 7 points from the January low.
oh shit....pull my finger...ooops....I gotta change my underpants now....
http://1funny.com/pull-my-finger/
"Oh, think twice, it's just another day
For you, you and me in paradise"
Man, the way they ran the S&P to unchanged from last nights cash close and then trapped new longs up there is a joy to behold. Anyone who bought that break and held onto it,,, well they aint gonna have a good weekend. Scary stuff.
Yeah, they’ll claim it was a ‘natural reaction’ to the oil ‘short squeeze’, but it’s likely the machines planned the end point early in the week.
For the Russell, it was to break stops at the weekly 20 MA, ~116, where we bounced no less than 16 times on the 15m chart the past few days. Purely by coincidence, during the apparent oil reaming we spiked up almost to the penny to the daily 20 MA, crushing any hopeful shorts, before the plunge. Art Cashin said something like “all day we knew about large sell-on-close orders” so the oil spike was just an excuse to take candy from smaller shorts, load and dump. A few years ago AAPL would have been ramped, given the alpha trade (long AAPL/short S&P) was so ubiquitous.
forgot the plug in da boat, ha...(done it)
You a day-trader Bro?
After three years, I guess I can finally say I'm a daytrader without flinching. The Russell's my brand of poison. You?
Sure am, ES & NQ for my sins. Never traded the Russell. One of my favourite setups is to let the market make a low in Globex hrs, I.e. the low made outside of US hrs. Then ,when the US opens wait for it to retest that level , hopefully it will go below said level but close back above on a five minutes bar. The trap is set so go long and target either VWAP or globex high as your target but scaling out as it goes your way. Your stop will be 2pts below the low. Worked well today and this week. Give it a go sometime. You can also try to short globex high but only in first 3/4 hrs.
Interesting approach. When developing my mad scientist trading methodology, I found the Russell to be an odd beast, and that many things that work don’t apply to ES or NQ, perhaps because more institutions are involved, with different algos & hedges. It can be more rewarding given its greater volatility, but also more heartbreaking, with a crazy 4% ramp day once a quarter that annihilates all shorts. Some may disagree, but it’s so unique, I think you’d almost have to specialize, rather than bounce from the DOW and SPY to RUT. Happy trading.
Trade he NQ as my poison. Really pretty simple once you've done it awhile especially since the NAZ is nothing but machines so it respects the relevant lines to a T. In the interests of helping a fellow ZHer run the NDX 30 minute chart with the 33 period SMA - that will tell you exactly when to flip like magic
Welcome aboard NDX. Thanks for the input and I'll give it a whirl next week. Let's do it to them before they do it to us.
Indeed. It's a simple system - you'll see when you bring it up that there obviously a lot of algos trading that line. 30 minute chart - SMA(33). If you want to get fancy - if the line gets violated then we will move that direction eventually even if there is a bounce for a bit. Also, you can use the RSI(14) to see when we are overbought/sold and will be moving back to the line shortly
..
Looks like someone knows the outcome of the superbowl. That's rigged too.
We deflated some balls.
And before deflating, Lucy from Peanuts pulled the 14-PPI pigskins out from under the 2:30 smug-ass ramp dorks, who thought they'd kicked a last-minute 80-yd field goal.
"Treasury Bonds - Best month since June 2010"
the planet's largest hedge fund (federal reserve) made an (unrealized gain) killing
It's just nice to know someone is doing fantastically well in this economy!
The cherry on top is the Super Bowl getting nuked and us believing it's a Doritos commercial.
There's some serial concern about that, and what with drills going on at the same time, well, who could ever think that terror events would be run under the guise of drills?
www.veteranstoday.com/2015/01/29/superbowl/
Until The Masters tournament gets attacked, I refuse to believe in turrurusts.
Wobbly wheels on the Wall Street wagon.
Folks on CNBC say that years ending in '5 with a lame duck president are always positive, though they didn't slaughter a goat to read its entrails (at least not on set).
Holy fuck the bond and oil manipulation at the end was epic! Talk about blatant criminal activity in broad daylight.... Woooooo
Edit I freudian slipped and said silver earlier.
I think you mean "God's work."
Is the fed still buying MBS?
Yes
http://www.zerohedge.com/news/2014-11-02/newsflash-fed-isnt-stopping-qe
Bang Dae-Ho
PM will get hammered as sellers raise money to cover margin.
I love the afternoon freefall!
Am I the only one short the S&P?
Let's see if they can take it down below 1950 next week.
I am loving it!
"Am I the only one short the S&P?"
...no.
My screens now say Monday-Tuesday will be the new Black Friday: DJI 16,800, SPX 1960, down 2%, or worse, to the 1st lower low on the new bear market chart:
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=spx&insttype=&freq=1&show=&time=7
https://www.youtube.com/watch?v=bV-rhtet4Ow more?
We shaked some folks.
The more insane the markets, the more hilarious the ZH market wrap-up posts and comments. Thank you Tylers and ZH commenters for making economic collapse into comedy gold.
Let me guess- its all Obama's fault!?!!
Let's go Zero-hedgers. bring on the hate!
Let me guess- its all Obama's fault!?!!
Let's go Zero-hedgers. bring on the hate!
no way it's got anything to do with obama.. more likely it's putin's Fault!
"Hope and Change," right?
/sarc
No its only O'blo reggies fault when things turn out well. He's MAGICAL!!
If ya'll did'nt get the message, go back and look at last year's pregame video..
PREPARE
Ok, a little dramatic i know...
Lemmings running between equity or bonds. Dennis Gartman will continue to click the light switch on or off. Watching the parasites scramble is a riot..
NIRP me daddy eight to the bar.
My EBITDA and ratio analysis indicates the late day move in oil should not have occurred.
Sincerely,
CFA
False flag attack sunday at superbowl?!
Stock market crash next week
The DJI just completed 3 days WE-TH-FR of 1.5% plus moves each day. The last time that happened was Oct. 7-8-9, after which the index tanked 4.8% from 16,700 to 15,900 in the next 4 days. Can you see both this week's 3 days and the October 3 days volatility in the chart below?
Maybe market history is about to rhyme, but if you're not looking for it, you won't see it coming:
http://stockcharts.com/h-sc/ui?s=$INDU&p=D&yr=0&mn=4&dy=10&id=p37113067469
http://finviz.com/futures_charts.ashx?t=YM&p=d1
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=djia&insttype=Index&freq=1&show=
A 4% decline from here takes us places, like DJI 16,500 and SPX 1915.