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Biggest Short Squeeze Since 2011 Sends Stocks Surging, USDollar Purging
With "Most Shorted" stocks squeezed by their most since 2011 (up over 6% in the last 4 days), back at 2-month highs...
We thought this an appropriate analogy...
Who could have seen this coming??!! When Gartment flipped bearish on Monday, we said...
Translation: The Biggest Short Squeeze Of 2015 May Be Imminent
At the end of the day... Stocks like European uncertainty, higher oil prices, weaker macro data, and disappointing earnings - BTFD!!!
Futures markets show the realk action started when Europe opened and the SNB started buying EURs... so thank the Swiss for saving the day.. notice The Nasdaq only just managed to get back the Draghi cliff gains...
3 of the 4 days this week have been dramatic short squeezes... weith yesterday's moves smaller and saved by Draghi
Oh The Magic of The 100-Day Moving Average...
From Draghi's cliff yesterday, Materials and Healthcare (Biotechs) are #winning, Hombeuilders are not #winning, Energy is up small...
US Stocks are very comfortable with all this Greek risk... but Greece isn't...
The Dow is the outperformer on the week...
Which at the moment will be the best week since Dec 2011!! Of course we have payrolls tomorrow so that will change things we suspect
and it appears from VIX that more than a few were hedging ahead of it...
and credit did not like it either into the close..
Perfect timing ahead of the Payrolls print, US equities have been managed back into the green for the year...Notice what happened after the last payrolls data!
Treasuries reversed the post-Draghi gains also - ending up 4-7bps on the day and 15-20bps on the week... this is the biggest 4-day percentage gain in 30Y yields since Sept 2012
As an FYI - 10Y Bund yields are now back above 10Y JGB yields (however briefly)
Gold and Silver slipped lower despite USD weakness, as copper and crude bounced...
Copper and Gold are unchanged from the Draghi ledge, silver lower, crude notably higher...
Crude surged to take out stops at $52 and faded -
not helped by Saudi Aramco slashing prices to Europe and US...
The US Dollar dropped notably today with only Swissy and JPY weaker against the Dollar on the week...
As The SNB intervened and saved the world back to 1.1500 in EURUSD...
It wasn't just bonds that were sold. The USDollar has had its worse 4 day drop since Sept 2013
as the battle between The BoJ and The SNB continues...
Charts: Bloomberg
Bonus Charts: Because... fun-durr-mentals
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UP, up and away...
in my beautiful, my beautiful baaaaaaaaaaalloon....
what a fucking joke.
You know, those green purges are the worst.
I'm a Putin and European
New artcicle over at the Accredited Times:
CONSUMERS CREATE JOBS, NOT BUSINESSESMakes sense ... in a world where free thinking individuals make rational and informed decisions. When every schmuck simply wants what all the other schmucks want then successful advertising / brainwashing programs create the "aggregate demand".
Jobs report tomorrow. I expect it'll be terrible. Gotta ramp the market up today and float it all weekend. Gotta kick the can a little longer.
Get your real jobs report from http://www.shadowstats.com/
Re: Farts, My real bro lit one up in the old days. - By the maple tree. It was an explosive event.
Reminds me of comic books, like what passes as news today.
It's all Bullshit!!!
Told you Niggas! CLEANEST DIRTY SHIRT FOREVER! USA is #1 get used to it
is that you Obama?
shouldn't you be out golfing, or smoking some weed, or both?
Late night at Probe nightclub
dont you mean sucking dick and smoking crack?
i sucked off some folks
"There were some folks who... needed some suckin'. Michelle and I helped a lot of folks."
All I know, I want school lunch food.
"American Exceptionalism" has been repurposed and the meaning has changed, but they spout it out all the same. pathetic.
I can imagine you in a hot air ballon like the wizard of oz tossing silver eagles to all the muppets.
CASINO ROYALE AMERICANO.
Now only select, elite players win. While enjoying the Casino's Freebies-for-Winners: ZIRP, hookers & blo, and privacy.
These surges don't even have a reason anymore, CNBC has to really stretch to make something up. But the employment report has already been front-run, so what happens tomorrow?
instead of "we are the 99%"
it's "we are the buyback bubble"
Beware of the Fartman
For if you don't fart man, you just might spontainously combust one day.
Or just get really bad cramps.
To infinty and beyond, bitchez!
did anyone notice that from like noon- 3 the dow traded within a 10 fucking pt range?
very fucking strange, and boring.
and rigged.
you're not allowed to participate if you don't have a futures account and take a daily position a couple of hours before US markets open.
regular market hours trading is for stock buybacks, institutionals, HFs, and private investors who are selling to them.
"it's a small club, and you ain't in it"
If it's rigged as you say, then why do you play? Why comment on a financial site (or at least what was once a financial site before the freerepublic keyboard kommandos started to overtake it from their parent's basement) Why bet against it if it's rigged or play at all?
Mom! I wanted meatloaf! I'm doing some... Important shit down here! I'm saving the world! Mom! Meatloaf!
you don't have to be a 'player' to read ZH. you can just as easily use it to track macro-economic developments that affect your everyday life.
ex: i live in a region that produces about $900 million USD in oil revenues @ $85-90 a barrel WTI. When that revenue suddenly becomes $400-500 million, you can extrapolate where the fiscal impact is going to be hardest.
same applies to real estate growth rates.
Zh is more than a 'stock market' website, cuz TDs and the smarter folks around here understand that it's all interconnected. just like we understand that when 1 of the support pilars fails, the burden on the others becomes that much greater.
Mentioned the other day 2065ish and crude another crack at the 10 week potentially. Above 2080ish appears unlikely and the next move should be a very sharp one down to below 1820. We shall see you never know for sure.
s&p != logic.
Technical analysis is soooo 2008. QE/ZIRP ended any rational ability to perform TA on these - um - *markets*.
Many people keep saying that yet I keep using it quite productively. I concur that essentially everything is rigged but that in most cases you know the direction of the rigging. One must also simply accept that intervention can change everything but you can also take actions or not act based on patterns of intervention. I've never suggested I was risking a substantial portion of wealth on any given trade. Certain things I would simply NEVER hold overnight either long or short.
For example - with equities TA for me is still very effective when evaluating long entry and exit points. Any short entry point is much more challenging given the black cloud of manipulation to the upside that is always present.
I would also offer this - anyone that thinks the Fed does NOT have trading soliders on the ground using vast TA resources to know exactly when and where to take a crack at things is out of their mind. How do you think AMZN has done what it has over the last few years? Why do we always seem to get a jawboning muscle flex at certain points on a chart?
HFT liquidity 4 eva!
====> DOW 18000 Tomorrow
====> DOW 20000 Tomorrow
====> DOW 25000 Tomorrow
====> DOW 100000 Tomorrow
====> DOW 1000000 Tomorrow
====> DOW GOOGLE Tomorrow
AAPL Shrugged.
Just all about pumping and dumping now to generate any return, pretty lame.
"Dogs. Dogs. I've got your head in a vise."
Hopefully...it's about time for gold and silver to do its things with all this printing and the imminent demise of the Euro via Greece.
Long metals is the only way to short this ponzi it seems...
Go go go, adult human traders. Chase that cursed reality away!
So this is what currency wars look like?
Interdasting.
I continue to be shocked and awed that Russia and China have not repudiated the USD, by backing their own currency with oil or gold.
WTF is China waiting for? Besides for 'moar' time to trade its US debt for hard assets around the globe.
I guess that this is China's version of playing the DOW: buying up Assets, Companies and Real Estate everywhere. Especially where there is a national crisis, to buy things dirt cheap.
China is waiting for the same owners of USA which happen to own China,Russia and the world to tell them what to do next. If you are relying on a communist regime to save the world then holy shit we have problems. When the right moment comes for the SDR , one of the world's owners will say go time.
I see your point, saints51. But if I look at the valuation of the SDR*, then I see a big problem: No BRIICS content. And the GBP is a joke in terms of the UK's GDP, relative to global GDP.
*https://www.imf.org/external/np/fin/data/rms_sdrv.aspx
What I do see as a possibility (maybe even a probability), is China and the other BRIICS trying to muscle they way to the SDR valuation table.
Who knows, perhaps when it's composed of the G20 nations, then and only then will it get global support. Until then, I see a lot of brinksmanship being played by countries and their CBs, when it comes to the USD and its switch to the SDR.
I suspect that the geo-political games that the US is playing has to do with managing membership at the SDR table, since the US and its globalist bosses want to have the final word in all matter of politics and finances.
You may be right. The Briics could tip the scale in their favor, muscling into a dominate force at the table. Like you said who knows. Maybe they go M.A.D. and say fuck it all.
NOT the SDR gents, the www.wocu.com Look it up, constructed by the same man that constructed the Euro, employees of the Rothschilds through Reuters and this little jewel DOES cover the BRICS and just about all the G-20. Its already been argeed to in principal, it already trades and unlike the SDR is liquid to the second with real time pricing.
Know your enemy
AD
I, for one, am glad there is a contingency plan in case other countries decide to derail the USD. Can you imagine the chaos that would ensue without an alternative waiting in the wings?
the dolla is the plan. simple. king shit dolla(for now).
See above
Know your enemy
AD
I see your point, saints51. But if I look at the valuation of the SDR*, then I see a big problem: No BRIICS content. And the GBP is a joke in terms of the UK's GDP, relative to global GDP.
*https://www.imf.org/external/np/fin/data/rms_sdrv.aspx
What I do see as a possibility (maybe even a probability), is China and the other BRIICS trying to muscle they way to the SDR valuation table.
Who knows, perhaps when it's composed of the G20 nations, then and only then will it get global support. Until then, I see a lot of brinksmanship being played by countries and their CBs, when it comes to the USD and its switch to the SDR.
I'd go so far as to postulate that the geo-political games that the US is playing has to do with managing who gets to sit at the SDR table, since the US wants to have the final word in all matter of politics and finances -- as do the globalist bosses who own the US Gov.
Arrrgh. "Foiled again."
Everyone talking up yet another MONSTER 200,000 job print I imagine.
We know with the huge trade deficit number GDP was WAY overstated yet again.
ETR posted solid numbers so there is industrial growth inside at least a small section of the USA. Still...I am on board the ZH thesis that Oil Annihilation is going to crush incomes, jobs, revenues, you name it.
My sources in North Dakota have all told me the same thing: "none of the huge move higher in oil prices has meant a darn thing really."
Thanks for the bailout Uncle Sam! You guys are real winners!
The hundred day moving avg. literally made me naseous, "Roller coaster" (the song) say what?
Holy shit...too fuggin funny
No volume short squeeze just like every other PLUNGE of 5% is getting pretty ridiculous. Then again People still take Yen as payment.
I, for one, don't understand why people feel the need to short this market. Do they really believe the PPT will let this spiral out of control? The SPX is indicative of the strength of our country and is, literally, a foreign policy tool. To think otherwise is foolish.
Looks like it's time to pull Bullard out after the next drop, which based on the chart is about two days away. LOOK OUT FOR MONDAY!!!!
Then we'll get some central bank bullshit after the market closes on Tuesday, and then TO DOW MOON....
There is a stock in New York
They call UVXY
And it's been the ruin of many a poor trader
And God I know I'm one
My mother’s been short Priceline
Since it was at 13
My father favors an ‘IG9 Tranche’
But don’t ask him what that means
My brother gets things backwards
Since he stared into the sun
That’s why he keeps CCC munis
In his (k)401
Oh Jamie, tell your traders
Not to do what I have done
Kept in my desk, while all-short RUT
A freshly-loaded gun
Well, I got one hand on the trigger
The other on my mouse
I'm goin' back to Graham & Dodd
Before they take my house
Well, there is a stock in New York
They call TVIX
And it's been the ruin of many a poor trader
And God I know I'm one
+100 brilliant.
Nice, FAZ me motherfucker....
The DOW will stay on an upward trajectory. No significant downward move will be allowed. The un-fed will just step in and buy. They have the ulitimate control, until they don't!
When does this "thing" start to seriously unwind? I have no idea, been wrong for a long time. The fraud is fully ingrained into the system, devoid of any and all honesty.
One day though a real "unexpected" will surface and kaboom!
KING DOLLAR!!!!!!!!!
The Federallies Plunging the excrement to the top of the charts, thats a neat trick.
I wonder how many accidental pregnancies Gartman would have if he were a woman.
.
I can't help but be continuously impressed with the brilliant use of chart scale at ZH...a 2 point move in S&P futures after-market looks like Lehman '08... get a grip dude
Still no QE and Fed is on target to tighten this summer.
ECB hasn't dropped a single Euro into the market yet. Euro is down sharply since beginning of the year and Europeans are buying their indexes. Money is flooding from savings accounts with negative rates into the markets. Big whoopdie doo!
The view from the sidelines is the best view!