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Oil, S&P Futures Soar As Quad Witch Volatility Arrives
Just as we warned not even two hours ago, things on quad-witching get exciting, and volatile.
And sure enough, after starting out the overnight session calmly and without much fanfare, US equity futures have proceeded to surge on absolutely no news, but merely what appears to be the latest market-wide stop hunt, or as the CME's central bank liquidity rebate program is being put to good use.
The target: taking out any and all stops since the post-FOMC highs.
As for oil... well, why not.
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Dennis Gartman, once again the contrarian indicator!!!! LOL!!!
Great summary of how we got in this mess.
Starts slow but worth the read:
http://debtcrash.report/entry/history-and-introduction
Oil Soar As Quad Witch Volatility Arrives
$100/barrel derivative contracts.....it had better spike....a lot.
Silver jumps back above supporting trend line.
beat me to it
I think Gartman is a Tyler....but a 3rd shift Tyler, and only after the toilets have been cleaned and the TPS reporting completed/ Bikini clickbait assymbled for the next shift.
spikes, dwells, witches, *quad* witches, VIXens, oh my
it's still bullshit daily action signifying nothing
“Double, double, toil and trouble;Fire burn, and cauldron bubble!” - Will Shakespeare, Macbeth Love that photo by the way... thanks Tylers
Denny taking a rhino most shorted horn?
same as it ever was
same as it ever was
Higgenbottom.
Warning was two hours ago...thanks for the heads up....futures were already pretty damn high then. Please just make sure to give us the BTFD Collapsing, Cratering etc pivot post if we get any 0.1% pull back from these levels.
TIA
What I love about ZH; every up move is pure bullshit and every move down is obvious fun-derr-mentals. Keep up the good work.
www.traderzoo.mobi
In fairness, there was a time when moves up WEREN'T pure bullshit. And it wasn't that long ago either.
DavidC
I think when you print damn near a trillion dollars a month to support every up move, there's a reason to be cynical.
YES. LOVE THE MARKET ACTION.
Its Friday.
Once you've pushed the button bots never get tired.
https://www.youtube.com/watch?v=DR91Rj1ZN1M
Just think "Donnie Darko" and everything makes sense!!!
What the fuck is Quad Witch?
Mr. Yellen, Debbie Wasserman-Schultz, Nancy Pelosi and Hidlebeast having tea.
or, expiration of futres, options on futures, equity futires, etc..
in the old normal it meant the expiration of several different classes of options and futures (4).
in the new normal it means lots of "volatility" all to the upside.
Its one of four days out of the year when "The Street" games 4 times as much loot as usuall.... end of Quarter piling on you might say.
Bubble, bubble
Toil and trouble
Oh what tagled webs we weave
when first we practice QE.
I don't know if you folks saw the article on Drudge about the Forest Service asking their employees to take an "unconscious bias" test, but I took the test and it is the biggest political pile of horsesh!t I have seen in a while (and that's saying a lot). I recommend taking it, but rather than give all of your data, use the middle ground to test out the test. I chose independent and neutral for everything and said that I was of more than two backgrounds racially (which we all are, we're fucking mutts). Anyway, the test "indicated" that I have a slightly more bias to liking BO - however, the only bias that I have for BO is the bias of waiting until he leaves the office. Anyway, take a look if you want, but man-oh-man it is a righteous pile of dookie!
https://implicit.harvard.edu/implicit/research/
Cheers,
How many psychiatrists does it take to change a lightbulb?
One, but the lightbulb really has to want to change.
How many Queens does it take to screw in a lightblub?
One, and the whole world revolves around her.
How many Pawns does it take to support a Queen?
All of them and all of their children and all of their children's children....
------
CGeorge,
You are right to be skeptical of these tests. They are online data collection tools.
Sell the rip and get out of Dodge.
" Volatile" Ha haa, ...... doesn't something have to turn red first?
2 RIP
It is amazing how these markets seem to go higher and higher as the economic reports move lower and lower. But if you look at the majority of stocks, we really have not moved in either direction for months. Sure you can hit the lottery, but most of my scans are boring....Except of course for my miners, gold and silver which have not recovered at all.
It is what it is and at some point it will all stop. Till then, the slot machines are open.
Just think Zimbabwe...
+1 ZH.
Call me a conspiracist (or is that empiricist), but hardly traded this week, as there was evidence of expiration strike pinning (which now, obviously, appears to be the higher strikes, using Yellen for short-bashing) and/or quarter-end performance painting, particularly in smaller caps. “Why not just lg to sm cap reallocations based on the dollar?” you ask. Well, seeing it minute-by-minute, it seemed less a sophisticated buy program, being more spiky and ham-fisted, brazen in its task.
It's an options expiration fuckfest in currencies right now.
Trade fast. Some prices mean nothing.
We dead-cat bounced some folks.
I want bestest dead cat pic to add to my charts...
at one point this morning, the biotech ETF was extremely overbought on a 1 min, 5 min, 10 min, 30 min, 1 hour, 2 hour, daily, weekly and monthly basis. all of them had RSIs above 80.
incredible. it's like winning a grand slam when there are 9 tournaments included. statistically impossible, unless rigged.
Convenient time for Fed to inject money into equities as the injection can be disquised against the background of volatility normally seen in quad witching.
Now, what to do about those pesky PMs.
So oil will end the month right where it starred?
Proving manipulation beyond any doubt.
Bubble bubble on the wall (street) who's the muppets of them all.
too much debt in the system ?,inflating debt away reaching an end? then its time to crash up equities to try to minimise the proportion of debt.
Bad visual. It wasn't women that created this fucking mess.