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World's Largest Stock Index Gives Up Post-QE3 Gains
It has been over 4 months since The Fed ended QE3, and something odd has happened... Stocks have stopped going up. The world's largest stock index by market capitalization has, thanks to today's weakness, given up all of the gains since Janet wrenched the punch-bowl away...
Post-QE3 Gains gone...
Indicating the dreaded "Hooters" pattern...
And Nasdaq 5,000 is a distant memory (for now)...
Charts: Bloomberg
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Yes, it's been like this for quite a while. Have dry powder ready. You will be able to buy some cool shit on the cheap soon.
Somethin's wrong with the way markets responded today. If everybody really believed that a rate hike as espoused by some on the street, Hillensrath and talking heads was for real, then today's stronger then expected report would not have seen gold, commodities, stawks and bonds all decline in price. Some of that "surprise" would have already been consensus and not so big reactions.
Sumptin's fishy, kids. It ain't all addin' up right.
I'm not talkin' about reality v perceptions, I'm talkin' about all the markets v the talkin' heads. And usually, not ALL the markets react like this.
Odd
Just odd.....
The dreaded shoulder boulder formation !!!
Looks like the irresistible double-breasted formation to me. Low cut cleavage with large nipples.
The feared flaccid pinprick nutsack pattern.
Mmm, boobies.
I think they are there to protect the Space Aliens that flew 4000 light years across the galaxy to kidnap fat ugly women (and a few dudes) and have sex with them ... plus to dissect cows in the Rockies.
its that "do it for Ursula minor" ad campaign they have over there
OMFG how I love the "Hooters" pattern. When they jiggle, it gets real...and she was in a randy-jiggling mood today.
We do know because you keep posting it.
I like animal pictures... MOAR please.
- Thousands Of Military Vehicles Lined Up Outside Of Underground Bunkers In America - What Are They Preparing For Now? -
Oil changes?
To come in out of the snow and rain?
Transitory, BULLSHIT, uh, I mean BULLISH!! Phuck the Fed.
They're preparing for your mom.
Yencross called it this week. Now about raising those rates...
any second now...
The "owl" pattern? Some people have a lot of time on their hands.
No, they are beta testing the next pattern to add to the Rorschach Inkblot psychological test.
Some people have a lot of owl on their hands, yeah.
"For now" being the key phrase here. Me thinks the market has plenty of irrationality left in the tank.
Hell yeah, we haven't seen crazy yet. Let the great reset begin. Pop corn, butter? Oh, double layered butter a man after my own heart.
Hmm... Coudl be big. Maybe I need to buy some Reddenbacher stock?
No problem here just a needed retrace. A breather if you will, the next leg up will be epic!
I'm sorry I meant.... Awesome!
I always knew she couldn't be trusted - thanks a fucking lot Janet, closing the bar just when the party's getting fun. Fuck you, I'm going somewhere else, somewhere they REALLY know how to party.
Try Japan, it's open all night.
It's the dreaded camel toe pattern.
umm, all the fags hate it.
Not to be confused with the ominous "Moose Knuckle" pattern.
Give a hoot, don't "invest".
But they are still punching TVIX in the gut!
BULLISH!
Owlish!*
Is that good?
POS TESLA should be at $9 where it belongs soon enough.
What about that POS APPL?
Well, with it being added to the DOW, index funds must buy it now. Unless they already knew it would be added and front ran that too.
From,http://www.hussmanfunds.com/rsi/misfitstocks.htm
The results below show the performance of the two portfolios of all additions and deletions since 1997, from their effective dates through March 15 of this year(2005). The median annualized return of stocks deleted from the index was 3.7 percent while the median return of those stocks added to the index fell an annualized 3.9 percent. The average annualized return of those stocks deleted from the index was 2.8 percent while those added to the index fell 2.6 percent.
I thought that was a tits up pattern.
Japanese government starts buying the S&P March 31st. BTFD.
stateside
Buy physical, ditch digital...
And she'll have fun, fun, fun 'till daddy takes the t-bills away....
Lotta signs of stick save buying since 11 near S3 pivots in IWM and QQQs, if the standard 3:26 ramp fails, lotta machine stops would blow. Come to think of it, when was the last time big machine stops were hit -- October? And that seems almost staged. Ah, 3:19, signs of front-runners building, will their hopes be dashed?
like, ah, ----what?.
Translation: pivot points are horizontal chart lines pre-calculated as key 'support' & 'resistance' levels, used widely by algos/traders to bounce around, trap folks, etc. Thus far the 'final'support, S3 in the Russell, is largley holding, only through tons of buying since 11, evidenced by volume spurts on 2m charts. As these are usually institutional buys, they're normally powerful enough to stop carnage and get back to VWAP, but even they have their limits. As, the witching hour approaches, the battle continues ...
uh-huh, gottit, merci.
Nice posts! I appreciate your insight! I'm trying to learn all that I can from people like you and all of the other informed posters.
Here's a pivot tip: watch them for a few weeks and see how often prices bounce there, or a few cents above, and how often at "fake-out" periods, such as just after 10 econ reports, or after lunch post-2, you get a quick push just past a pivot followed by a reversal, a clever trap, using your stop to propel evil-doers to next pivot.
Finally, if your broker program doesn't allow it, plot half-pivots manually (split pivot spans down the middle), for when pivot amplitude gets big (as it does on big move days like today), machines often use 1/2-pivots in lieu of moving a full pivot length as turnabout points, or interim, frustrating bounce points. Good luck.
still don't get it but that's OK...can you tell I don't get out much ;)
As Leonardo's distant 1/2 cousin, you apparently got the artistic genes, but none of the mathematical chops :) That's fine, as even he couldn't beat today's algos, but could probably paint a helluva madonna (god no, not THAT Madonna!)
Huh ? You're confusing the shit out of me...how do I know if I should up or down vote your comment when you're speaking like a trader ?
dumb it down a little, will ya !
he just lost 100000$
Nah, I covered my short at 11, and have been out since then, reading ZH-ers funny comments all afternoon. Thanks for entertaining me enough to avoid temptation to over-trade. Learned the hard way that, though you may miss a final plunge, only big machines, not little people, should fight big machines. The water bug rides the whale's wake, but doesn't challenge him to a sumo bout.
Not sure if the 3:26 is on time today. Machine stops just a bit lower, I think.
Looks like it, at least on the RUT, a reasonable pump after 1530 on the highest volume this low volume week. I'm finally high enough above my stops to maybe get out alive this week. (Knocking on wood, not lumber.)
IMO, the best index to trade, but the hardest to learn, and the most consitently heartbreaking. At least, going forward, FedSpeak may not serve as much like Kryptonite, one can only hope. Good luck to a fellow Russell nut.
No way that's an owl pattern - it's two pussies.
Call it what you want to, but it just broke a major squiggle.
Yeah, and so does gold after last week's purchase, and now silver to follow.
I just can't win. I have decided to take a very big long expensive vacation. Might as well spend it now on something I enjoy, while it is still worth something.
Funny - that's exactly what I'm doing these days, planning a medium expensive vacation with new lady friend who has never traveled. (Switzerland)
Aaaargh the doublé pyramid!
Technically they are still re-investing yield which is between 20B to 40B a month. QE4 wil need to be 2 Trillion a year to keep this thing going... What a joke
YeeeeeHaaaaaa Financial Boobies
I Look at today's world, the facade that it has become. The ghost cities of China, the gleaming stadiums in America, the bright lights of New York, where there were once slums and all I see is an illusion. Its all debt driven, through fiat creation.
Nothing seems real to me, and if you were born in the last 25-30 years you've probably never seen what the real world looks like. The short term memory that our world has become amazes me. Its as if history never really happened. I hear sports reporters always slurping the commissioners of the NBA, NFL, baseball and hockey like these people had anything to do with fiat creation.
If you grew up in or around a major city in the 60's or 70's you know how fast things can change and in a hurry. The riots of the 60's will look like child's play the next time around. Jimi once asked "why you burn your brothers house down?" While I see no reason for it once the mob has nothing left they usually want to take what others have, and if they can't have it they'll destroy it. I'm not saying its right, it just seems to be human nature.
This too shall pass
How did I not predict this... A few down days is a trend on Zero, and months of up days are an aberration. Got it. We're in a period of high volatility. If Zero was actually anything other than a broken clock, they'll actually recognize the oscillation pattern and "tell" us when to get back in.
Tyler: keep a look into the launch of ticker GBTC they will trade soon each share is 0.1 bitcoins, you see there are Bids at 27.00 X 100 that will be 270$
https://researchtools.fidelity.com/ftgw/mloptions/goto/optionChain?symbo...
It will be the 2nd safest place to put your 401k in case of a crash.
When my mining shares hit the 2x buy point I will know it's on for real. Everything else is a illusion.
qeuro .
nasdaq is going to 6k by august.
Looks like the Queensryche bat to me...
Nip-slip pattern. Sell!