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World's Largest Stock Index Gives Up Post-QE3 Gains

Tyler Durden's picture




 

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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Fri, 03/06/2015 - 16:06 | 5862444 observer007
observer007's picture

Did u know...

Thousands Of Military Vehicles Lined Up Outside Of Underground Bunkers In America - What Are They Preparing For Now?

 

http://homment.com/usmilitary

Fri, 03/06/2015 - 16:07 | 5862449 LawsofPhysics
LawsofPhysics's picture

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.

Fri, 03/06/2015 - 16:11 | 5862468 knukles
knukles's picture

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.....

Fri, 03/06/2015 - 16:17 | 5862490 Stackers
Stackers's picture

The dreaded shoulder boulder formation !!!

Fri, 03/06/2015 - 16:23 | 5862512 Beatscape
Beatscape's picture

Looks like the irresistible double-breasted formation to me. Low cut cleavage with large nipples.

Fri, 03/06/2015 - 16:32 | 5862543 Manthong
Manthong's picture

The feared flaccid pinprick nutsack pattern.

Fri, 03/06/2015 - 18:35 | 5863037 daveO
daveO's picture

Mmm, boobies.

Fri, 03/06/2015 - 16:10 | 5862460 Smegley Wanxalot
Smegley Wanxalot's picture

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.

Fri, 03/06/2015 - 17:45 | 5862863 Squid-puppets a...
Squid-puppets a-go-go's picture

its that "do it for Ursula minor" ad campaign they have over there

Fri, 03/06/2015 - 18:45 | 5863063 Fidel Sarcastro
Fidel Sarcastro's picture

OMFG how I love the "Hooters" pattern. When they jiggle, it gets real...and she was in a randy-jiggling mood today. 

Fri, 03/06/2015 - 16:10 | 5862462 DetectiveStern
DetectiveStern's picture

We do know because you keep posting it.

Fri, 03/06/2015 - 16:15 | 5862484 Crash Overide
Crash Overide's picture

I like animal pictures... MOAR please.

Fri, 03/06/2015 - 16:32 | 5862545 junction
junction's picture

- Thousands Of Military Vehicles Lined Up Outside Of Underground Bunkers In America - What Are They Preparing For Now? -

Oil changes?

Fri, 03/06/2015 - 16:47 | 5862595 Nobody For President
Nobody For President's picture

To come in out of the snow and rain?

Fri, 03/06/2015 - 16:44 | 5862583 mtndds
mtndds's picture

Transitory, BULLSHIT, uh, I mean BULLISH!!  Phuck the Fed.

Fri, 03/06/2015 - 17:36 | 5862827 Itch
Itch's picture

They're preparing for your mom.

Fri, 03/06/2015 - 16:06 | 5862446 LawsofPhysics
LawsofPhysics's picture

Yencross called it this week.  Now about raising those rates...

any second now...

 

 

Fri, 03/06/2015 - 16:07 | 5862448 Hohum
Hohum's picture

The "owl" pattern?  Some people have a lot of time on their hands.

Fri, 03/06/2015 - 16:29 | 5862528 Hubbs
Hubbs's picture

No, they are beta testing  the next pattern to add to the Rorschach Inkblot psychological test.

Fri, 03/06/2015 - 17:38 | 5862829 Itch
Itch's picture

Some people have a lot of owl on their hands, yeah.

Fri, 03/06/2015 - 16:07 | 5862450 PAWNMAN
PAWNMAN's picture

"For now" being the key phrase here. Me thinks the market has plenty of irrationality left in the tank.

Fri, 03/06/2015 - 16:10 | 5862465 froze25
froze25's picture

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.

Fri, 03/06/2015 - 16:23 | 5862511 Canadian Bacon
Canadian Bacon's picture

Hmm... Coudl be big. Maybe I need to buy some Reddenbacher stock?

Fri, 03/06/2015 - 16:09 | 5862457 wmbz
wmbz's picture

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!

Fri, 03/06/2015 - 16:10 | 5862463 Al Huxley
Al Huxley's picture

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.

Fri, 03/06/2015 - 19:16 | 5863145 divingengineer
divingengineer's picture

Try Japan, it's open all night. 

Fri, 03/06/2015 - 16:11 | 5862466 i_call_you_my_base
i_call_you_my_base's picture

It's the dreaded camel toe pattern.

Fri, 03/06/2015 - 17:39 | 5862834 Itch
Itch's picture

umm, all the fags hate it.

Fri, 03/06/2015 - 19:43 | 5863233 serotonindumptruck
serotonindumptruck's picture

Not to be confused with the ominous "Moose Knuckle" pattern.

Fri, 03/06/2015 - 16:11 | 5862469 Kilgore Trout
Kilgore Trout's picture

Give a hoot, don't "invest".

Fri, 03/06/2015 - 16:12 | 5862470 The worst trader
The worst trader's picture

But they are still punching TVIX in the gut! 

Fri, 03/06/2015 - 16:12 | 5862473 A_latvian
A_latvian's picture

BULLISH!

Fri, 03/06/2015 - 16:18 | 5862492 Skateboarder
Skateboarder's picture

Owlish!*

Fri, 03/06/2015 - 19:17 | 5863150 divingengineer
divingengineer's picture

Is that good?

Fri, 03/06/2015 - 16:13 | 5862474 The worst trader
The worst trader's picture

POS TESLA should be at $9 where it belongs soon enough.

Fri, 03/06/2015 - 16:17 | 5862489 Crash Overide
Crash Overide's picture

What about that POS APPL?

Fri, 03/06/2015 - 16:47 | 5862597 Osmium
Osmium's picture

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.

Fri, 03/06/2015 - 18:44 | 5863047 daveO
daveO's picture

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.

 

Fri, 03/06/2015 - 16:14 | 5862478 fed_depression
fed_depression's picture

I thought that was a tits up pattern.

Fri, 03/06/2015 - 16:14 | 5862480 stateside
stateside's picture

Japanese government starts buying the S&P March 31st.  BTFD.

 

stateside

Fri, 03/06/2015 - 17:23 | 5862768 Crash Overide
Crash Overide's picture

Buy physical, ditch digital...

Fri, 03/06/2015 - 16:14 | 5862482 Realname
Realname's picture

And she'll have fun, fun, fun 'till daddy takes the t-bills away....

Fri, 03/06/2015 - 16:20 | 5862500 Keltner Channel Surf
Keltner Channel Surf's picture

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?

Fri, 03/06/2015 - 16:22 | 5862508 Greenspazm
Greenspazm's picture

like, ah, ----what?.

Fri, 03/06/2015 - 16:35 | 5862555 Keltner Channel Surf
Keltner Channel Surf's picture

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 ...

Fri, 03/06/2015 - 16:59 | 5862654 Greenspazm
Greenspazm's picture

uh-huh, gottit, merci.

Fri, 03/06/2015 - 17:10 | 5862700 Super Hans
Super Hans's picture

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.

Fri, 03/06/2015 - 17:45 | 5862865 Keltner Channel Surf
Keltner Channel Surf's picture

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.

Fri, 03/06/2015 - 17:18 | 5862743 Vinividivinci
Vinividivinci's picture

still don't get it but that's OK...can you tell I don't get out much ;)

Fri, 03/06/2015 - 17:29 | 5862794 Keltner Channel Surf
Keltner Channel Surf's picture

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!)

Fri, 03/06/2015 - 16:31 | 5862535 Vinividivinci
Vinividivinci's picture

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 !

Fri, 03/06/2015 - 16:35 | 5862554 Greenspazm
Greenspazm's picture

he just lost 100000$

Fri, 03/06/2015 - 16:43 | 5862569 Keltner Channel Surf
Keltner Channel Surf's picture

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.

Fri, 03/06/2015 - 16:35 | 5862551 FieldingMellish
FieldingMellish's picture

Not sure if the 3:26 is on time today. Machine stops just a bit lower, I think.

Fri, 03/06/2015 - 16:54 | 5862632 Nobody For President
Nobody For President's picture

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.) 

Fri, 03/06/2015 - 16:58 | 5862650 Keltner Channel Surf
Keltner Channel Surf's picture

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.

Fri, 03/06/2015 - 16:21 | 5862503 Greenspazm
Greenspazm's picture

No way that's an owl pattern - it's two pussies.

Fri, 03/06/2015 - 16:24 | 5862513 The Bell Rang
The Bell Rang's picture

Call it what you want to, but it just broke a major squiggle. 

Fri, 03/06/2015 - 16:24 | 5862514 Hubbs
Hubbs's picture

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.

Fri, 03/06/2015 - 16:57 | 5862643 Nobody For President
Nobody For President's picture

Funny - that's exactly what I'm doing these days, planning a medium expensive vacation with new lady friend who has never traveled. (Switzerland)

Fri, 03/06/2015 - 16:34 | 5862547 Captain Chlamydia
Captain Chlamydia's picture

Aaaargh the doublé pyramid! 

Fri, 03/06/2015 - 16:39 | 5862568 Ghostdog
Ghostdog's picture

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

Fri, 03/06/2015 - 16:42 | 5862574 q99x2
q99x2's picture

YeeeeeHaaaaaa Financial Boobies

Fri, 03/06/2015 - 16:53 | 5862582 nakki
nakki's picture

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. 

Fri, 03/06/2015 - 16:56 | 5862639 spinone
spinone's picture

This too shall pass

Fri, 03/06/2015 - 17:22 | 5862767 RealistDuJour
RealistDuJour's picture

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.

Fri, 03/06/2015 - 17:37 | 5862796 jonytk
jonytk's picture

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.

Fri, 03/06/2015 - 17:50 | 5862882 joego1
joego1's picture

When my mining shares hit the 2x buy point I will know it's on for real. Everything else is a illusion.

Fri, 03/06/2015 - 18:06 | 5862931 teslaberry
teslaberry's picture

qeuro . 

 

nasdaq is going to 6k by august. 

 

Fri, 03/06/2015 - 19:16 | 5863147 Stained Class
Stained Class's picture

Looks like the Queensryche bat to me...

Fri, 03/06/2015 - 22:46 | 5863726 Who was that ma...
Who was that masked man's picture

Nip-slip pattern.  Sell!

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