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Turmoiling Markets Leave Stocks Red, Crude Green, Greeks Blue

Tyler Durden's picture




 

Summing up today... "Nein" - Germans to Greece; "Nein" - Greece to Germany; "Nein" - hiring in Texas; "Nein" - Philly Fed 'hope'; "Nein" - crude production and inventories hit record highs

 

It's madness... The US equity market is trading like a penny stock...

 

As is Crude...

 

Despite its best effort, the S&P 500 could not hold 2,100 for the 3rd day in a row...

 

Nasdaq is only looking for one thing... 5000 or bust baby!! but notice the collape in Trannies intrday...

 

On the week, US equities are mixed with Dow red. S&P unch, Nasdaq leading

 

Treasuries rallied early but as equities pushed higher on bad macro data and record oil inventories and no deal in Europe!!!?? yields rose once again....

 

Credit weakened again...

 

The Dollar rallied on the day, recovering the FOMC Minutes losses... Swiss Franc continues to plunge...

 

Another day, another take down of gold ansd silver, copper flat and crude recovering magically its plunge as it rallied for some fucked up stupid reason off the big inventory builds...

 

Just for clarity... Oil soared after the massive EIA build and productiuon data (and gold and silver were sold)...

 

Charts: Bloomberg

 

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Thu, 02/19/2015 - 17:11 | 5805171 InjectTheVenom
InjectTheVenom's picture

>>>>  CASINO.

>>>>  MARKET.

Thu, 02/19/2015 - 17:13 | 5805183 e_goldstein
e_goldstein's picture

Not sure, in Vegas, the house only has to win 51% of the time. These fuckers want it all every time.

Thu, 02/19/2015 - 17:16 | 5805199 bbq on whitehou...
bbq on whitehouse lawn's picture

In Vegas 21 is still a win at the card table.

Thu, 02/19/2015 - 17:45 | 5805340 Groundhog Day
Groundhog Day's picture

Tyler, down 50 and you call it turmoiling markets? when will it be down 500 in one day?  never.

Thu, 02/19/2015 - 17:58 | 5805399 max2205
max2205's picture

SFUSFR  SOME FUCKED UP STUPID FUCKING  REASON...I like it!

Thu, 02/19/2015 - 18:05 | 5805425 mtndds
mtndds's picture

FUCK YOU LEW!!  Ooops, wrong article.  Never mind.

Thu, 02/19/2015 - 17:52 | 5805376 froze25
froze25's picture

Yeah the fact that Oil was basically unchanged from that type of print really is a head scratchier.

Thu, 02/19/2015 - 17:18 | 5805211 db51
db51's picture

>>>>>  We're Screwed

>>>>>  Everything is Awesome

Thu, 02/19/2015 - 17:33 | 5805280 SickDollar
SickDollar's picture

-------->>> We are fucked

-------->>> We are fucked

Thu, 02/19/2015 - 17:16 | 5805200 Nafets93
Nafets93's picture

Today I saw a Credit Suisse and a Casino literally in the same building... Gee, the customers must get confused sometimes.

Thu, 02/19/2015 - 17:19 | 5805217 Traderone
Traderone's picture

A market if one knows his/her business and a casino if one has no business trading.

Thu, 02/19/2015 - 17:29 | 5805260 Yen Cross
Yen Cross's picture

That's a slightly loaded comment?  Share some knowledge.

Thu, 02/19/2015 - 17:34 | 5805288 IronShield
IronShield's picture

MARKET; but one only sophisticated specs should be playing. Everyone else, save in precious.

Thu, 02/19/2015 - 17:39 | 5805311 zeropain
zeropain's picture

casio has rules that is clear to everyone.  I would say you have less rule of law in the market and less odds during victory lap run ups, near the end of a cycle bull.

Thu, 02/19/2015 - 17:12 | 5805175 Keltner Channel Surf
Keltner Channel Surf's picture

Thought the Russell’s Daily Keltner might get tagged early, as algos might need to pick up their offspring from school due to the cold, but they kept us guessing, even adding a few “is this the end?” fake-outs, with icy precision, but in the end neither longs nor shorts were decisively happy in this yawn of a day.

Thu, 02/19/2015 - 17:31 | 5805266 Yen Cross
Yen Cross's picture

 Hey KCF. Rut was soft?

Thu, 02/19/2015 - 17:36 | 5805297 Keltner Channel Surf
Keltner Channel Surf's picture

Well, in the days of yore it would have easily hit a key limit within reach early, took some profits, then ended with a sword-through-thorax final 4-inch screen-filling candle, but with this anemic volume, it wasn't its normal, feline best.

Thu, 02/19/2015 - 17:43 | 5805330 Yen Cross
Yen Cross's picture

  lol, What's the deal with rotation into ndq? I don't trade equities, but I watch the indexes that have larger component ratios.

Thu, 02/19/2015 - 17:53 | 5805365 Keltner Channel Surf
Keltner Channel Surf's picture

I really only focus on the Russell, but pundits have seesawed between small companies' lessened impact from dollar moves vs. large caps and mindless weekly rotations for the differences, but I think it's just a lack of general volume/direction over the past few weeks that accounts for index disparities.  Though, theoretically, those wanting to push overall markets ahead in 'risk-on' fashion might be lead-booted if the higher beta sibling don't jump first into the snowbank.

Thu, 02/19/2015 - 18:08 | 5805433 TheRideNeverEnds
TheRideNeverEnds's picture

Companies like Priceline (up one hundred dollars today on the news) are announcing more share buybacks so you gotta buy their stock before they do; its free money.  

Thu, 02/19/2015 - 19:29 | 5805802 JoWazzoo
JoWazzoo's picture

A round lot?  Or can you buy kid's portions.

Thu, 02/19/2015 - 17:14 | 5805177 Sir SpeaksALot
Sir SpeaksALot's picture

is there a "Hitler gets the news about the Greece leaving Eurozone" on YT yet?

 

 

oh I ve found one from 2012

https://www.youtube.com/watch?v=OZPmnCC2d8U

 

Thu, 02/19/2015 - 17:28 | 5805254 cossack55
cossack55's picture

Oddly enough, still topical.

Thu, 02/19/2015 - 17:15 | 5805193 Nafets93
Nafets93's picture

This shit is so nonchalantly manipulated... Couldn't (central) banksters just get it the fuck over with and screw the pooch now, so precious metals can touch the sky?!

Thu, 02/19/2015 - 17:20 | 5805224 FreeShitter
FreeShitter's picture

Luciferianism is all about making you suffer slowly......

Thu, 02/19/2015 - 17:15 | 5805196 Big Corked Boots
Big Corked Boots's picture

I'm liking the headline writing.

Did ya hire the guy from the NY Post, Tyler? Y'know, Headless Body in Topless Bar?

Thu, 02/19/2015 - 17:21 | 5805227 Yen Cross
Yen Cross's picture

 That's timeless. A headless body, in a topless board room.

 Nice work/ lmfao

Thu, 02/19/2015 - 17:16 | 5805201 Traderone
Traderone's picture

Anyone notice the traps today at the Globex levels? Absolutely superb.

Thu, 02/19/2015 - 17:19 | 5805220 Keltner Channel Surf
Keltner Channel Surf's picture

Sincerest apologies to Simon & Garfunkel

Hello Buy Stop, my old friend
I need to talk with you again
Because the market’s softly creeping
Goosed by HFTs while I was sleeping
And the derision that was planted in my brain
Further enflames
Leaving only thoughts of violence

Through restless nights I watch my phone
Little charts in monochrome
'Neath the glare of my flashlight app
I raised my fist against this endless ramp
When my eyes were stabbed
By a wick-less candle’s light, piercing new highs
Heralding the throes of crisis

I, with my naked short, forswore
Ten thousand dollars, maybe more
I walked the streets for hours without speaking
Police inquiries -- I wasn’t listening
In a “Cramer Sucks” t-shirt I seldom wear
No one dared
Disturb this trudge of silence

“Fools” said I, “you do not know
How algos like a cancer grow
Read Lewis that he might teach you
Follow Nanex that he might reach you”
But my words like lead feathers fell
And echoed with the wail of sirens

The big firms then reared back and neighed
Stud hexadecimal horse they’d made
And the VIX flashed out its warning
An epic slam was still forming
The signs said, 'The last of your profits
Are flushing down the restroom stalls
Toward Goldman’s trawls’
And my forehead blistered in silence

Thu, 02/19/2015 - 17:20 | 5805222 ANestIOS
ANestIOS's picture

How do we give the Tylers a thumbs up? 

Thu, 02/19/2015 - 17:22 | 5805230 Yen Cross
Yen Cross's picture

Send all your cash to those cheap UKE hookers.

Thu, 02/19/2015 - 17:21 | 5805229 Joenobody12
Joenobody12's picture

Every damn day someone (or something) pushed the SP500 up a few seconds before close. Painting the tape much ?

Thu, 02/19/2015 - 17:25 | 5805236 Yen Cross
Yen Cross's picture

Stay up tonight. The SNB(swiss national "discredited" bank) washes euros through the usd ,gbp,aud, about 2 hours into the London open.

Thu, 02/19/2015 - 19:36 | 5805832 JoWazzoo
JoWazzoo's picture

Like not noticeable?  Watching SPY on the screen and 8 minutes before close it goes fucking STRAIGHHT UP.  But hey - set an S & P record.  NASDAQ 5000 is a sure effing thing.  And all this record making BS on NO effing volume.  Congrats effers.

Thu, 02/19/2015 - 17:36 | 5805265 IronShield
IronShield's picture

Well, this might come as a shock to ya; one point does not a trend make.  Shhhhhh...  You heard it here first.  ;-)

Edit:  here not hear; before the grammar popo get me.

Thu, 02/19/2015 - 17:35 | 5805294 disabledvet
disabledvet's picture

Very interesting the crazy moves in RIN prices too.

 

PEIX had an epic day...as refiners who refuse to pay into Plan Ethanol pay up to the tune of hundreds of millions of dolares.

 

That definitely incentivizes ethanol production.

 

Follow Doug Short's blog if you want to step outside your own insanity for a moment and get some hard data on Collapse 2.0.

 

He's been calling this everyday for six years straight now...really is entertaining to watch Cramer spew forth in the interim tho.

 

One word:  "Valemax."

 

Darn right those oil prices moved higher.  Just spent 50 bucks on pizza and wings (which I will never do again) and pondered the margin on that one.

 

This ain't New York City either.

 

I can go to New Hampshire and get the same thing for five dollars.

 

Have no idea who the customers are.  Doubt they were paying though.

Thu, 02/19/2015 - 17:42 | 5805325 Thisisbullishright
Thisisbullishright's picture

All the Algos and asshat traders know is that volatility is their friend!

They can fuck it every which way when it's careening up and down wildly!

Steady as she goes "normal" trading doesn't get them their 10 million dollar bonuses!

 

Thu, 02/19/2015 - 17:44 | 5805332 adr
adr's picture

The oil algos thought the inventory data today was an adjustment to the data yesterday. SMALLER NUMBER MEANS BUY!!!!

 

If anything proves the SEC is asleep it is the past few days. Come on guys, you have a job to do and blatant manipulation is supposed to be illegal.

Thu, 02/19/2015 - 19:22 | 5805772 JoWazzoo
JoWazzoo's picture

Previously I have been reluctant to succumb to conspiricy in the markets.  Now I am a firm believer.  100 %

Traders believed the oil storage number would be 3.2 million.  API came out after close yesterday with 14 + million.  EIA comes out with ONLY 7 million thiss morning.

Now one would think the price of oil which was trending down overnight would collapse.

BUT NO!!!!  A fucking Algo right after the announcement followed by 2 more huge buys in the next hour.

This FUCKED UP!  This should not stand.

Fuck the Plunge Protection Committee.  And now all the shorts are scared shitless and keep covering at higher and higher prices.

http://finviz.com/futures_charts.ashx?t=CL&p=m5

Yeah.  I got caught short.  Who would NOT have shorted oil this morning.

One has to be in NeverLand or on drugs to trade this shit.

Mother fuckers.

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