This page has been archived and commenting is disabled.

Dollar-Dump, Biotech-Bruising , & Rail-Rout, Ruins Record Run In Stocks

Tyler Durden's picture




 

If you bought Trannies ahead of The FOMC, then...

Otherwise... given the volume traded today...

The S&P 500 has now alternated down and up for last 9 days

It's been quite a ride... post-FOMC

 

On the day, Trannies got trounced  by Railroad warnings...and Biotechs buggered by Gilead

 

Sectors all rolled over hard into today's close...

 

Today's market traded in a very narrow range and on extremely low volume... (S&P Futs volume 30% below recent average - which is a rapidly falling average) - Today is the quietest trading day of 2015 - until the close and puke...

 

AAPL back-filled the last-second collapse of Friday's Quad-witching but as rumors of iWatch volume reductions hit, it started to fade... and agaion a plunge at the close...

 

Biotechs Blow-off Top?

 

Bonds went nowhere fast... the belly outperformed with 30Y and 2Y flat...

 

The Dollar was hammerred again - for the 3rd of last 4 days... the ibbgest drop since March 2009

 

Commodities were just insane... all higher on the Dollar weakness

 

But most focused in Oil...

 

And Copper...

 

Post-FOMC, across aseet classes is a very different picture...

 

Charts: Bloomberg

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Mon, 03/23/2015 - 16:09 | 5919150 Greenspazm
Greenspazm's picture

You haven't lived until you've been buggered by Gilead !

Mon, 03/23/2015 - 16:24 | 5919218 dimwitted economist
dimwitted economist's picture

some Folks got SCARED!!!!! LOL!!!!

Mon, 03/23/2015 - 16:52 | 5919330 flacon
flacon's picture

Wasn't there a Hindenburg Omen a few days ago? 

Mon, 03/23/2015 - 17:35 | 5919475 max2205
max2205's picture

Release the Kraken. ....no 3:30 rally for You!

Mon, 03/23/2015 - 17:28 | 5919455 junction
junction's picture

Trannies?  What does Michele O have to do with these graphs?

Tue, 03/24/2015 - 00:08 | 5920650 one_hundred
one_hundred's picture

I'm making over $7k a month working part time. I kept hearing other people tell me how much money they can make online so I decided to look into it. Well, it was all true and has totally changed my life. This is what I do... http://goo.gl/ezLA00

Mon, 03/23/2015 - 16:15 | 5919151 101 years and c...
101 years and counting's picture

dump the fucking close.  i guess this is what happens when k-hen has to take a shit at 3:57PM.

Mon, 03/23/2015 - 16:19 | 5919203 Osmium
Osmium's picture

I think that was the worst dump during the last 4 Minutes of trading since Lehman.

Mon, 03/23/2015 - 16:23 | 5919209 Thirst Mutilator
Thirst Mutilator's picture

Well ['dump' speaking] ~ At LEAST unless you want to nominate that one that came 8 hours <AFTER> I ate that Burrito Supreme at Taco Bell [owned by PEPSICO, new 'TRICKY DICKYFischer', BOD, payrolee]...

Mon, 03/23/2015 - 16:10 | 5919157 FreeShitter
FreeShitter's picture

Turbo Tuesday?

Mon, 03/23/2015 - 16:12 | 5919165 saints51
saints51's picture

I left the CL charts around lunch and said to myself what a shitty day. Come back to see this shit show. You got to laugh at the last ditch effort.

Mon, 03/23/2015 - 16:13 | 5919175 walküre
walküre's picture

Buffett is liquiditating his rail holdings.

Mon, 03/23/2015 - 16:16 | 5919189 Harnar
Harnar's picture

BNSF is up for sale?

Mon, 03/23/2015 - 16:45 | 5919307 walküre
walküre's picture

Is that the only rail co. he owns? They're all down quite a bit today. Someone got spooked or took the opportunity to take money off the table.

Remember, Buffet sold his XOM in Q4 2014. Stock had some massive down days then.

 

Mon, 03/23/2015 - 16:15 | 5919181 Kaiser Sousa
Kaiser Sousa's picture

Bob PISSani said all that matters is "we're still only a few points of the highs in all the equity indexes AND THAT'S ALL THAT MATTERS...."

so ya'll shut the fuck up and listen to the God.....

 

hee, haw.

Mon, 03/23/2015 - 16:20 | 5919204 saints51
saints51's picture

Don't worry Kaiser, when the show finally ends just remember this. Somewhere in the world Saints51 will raise a glass to you and a few other ZH members.

Mon, 03/23/2015 - 16:27 | 5919228 Kaiser Sousa
Kaiser Sousa's picture

thanks bro...

hopefully we'll be able to enjoy those toasts while the gang of folks who never had a clue r roaming the streets with machetes, knives, and guns looking to take our shit...

hope it aint that bad but not betting against it....

cheers.

Mon, 03/23/2015 - 16:38 | 5919284 saints51
saints51's picture

I wouldnt worry about the normal thugs. It's the .gov useless eaters you have to worry about. Prepare and surround yourself if possible with people you trust.

Mon, 03/23/2015 - 16:44 | 5919303 Kaiser Sousa
Kaiser Sousa's picture

i assembled my collective back in 07'...

a few have been beaten down by all that has occured but the nucleus is still in tact - prepped and perpared...

and yes u r correct - the government is the ultimate thief and enemy...thanks

Mon, 03/23/2015 - 17:06 | 5919370 new game
new game's picture

do yourself a favor and turn that fucking boob toob off...

Mon, 03/23/2015 - 16:17 | 5919191 Keltner Channel Surf
Keltner Channel Surf's picture

“Such Great Heights”  by Postal Service/Iron & Wine

I think it’s by design
That the algos trading SPY are spittin’ images
They can’t miss, they're perfectly aligned

And I think they’d postulate
That God Himself can’t break
Their cold, ongoing streak
Of guzzling profits every single day

If true, it makes me want to retch
But thoughts like this can’t match
My troubled buy-limit with price
As I am whipsawed half to death

And when the rally seemed to slow
As we sat near weekly lows
They scanned the FOMC
And found key words to guide them home

We can’t see them waving from such great heights
"Come down now" we'll say
But everything looks blurry from fresh new highs
"Come down now," but they'll stay

Mon, 03/23/2015 - 16:21 | 5919210 BellevueTrader
BellevueTrader's picture

With moves like that, Bring back helicopter Edward Quince and Tubro Tax Timmay!! And the punch bowl...lets get this party started ASAP!

Mon, 03/23/2015 - 16:23 | 5919215 Yen Cross
Yen Cross's picture

  The eur/jpy & aud/jpy longs got their teeth yanked out if they were trying to short the Friday buying bonanza. Only about 1.5% more to the downside in USDX to hit the 23.6% Fibi off the May '14 lows. It's also the 50day ma. There's a nice shooting star on the monthly chart.

 

   QE-4 bunga bunga.

Mon, 03/23/2015 - 16:25 | 5919221 f16hoser
f16hoser's picture

Looking for a big headline tonight. WTF is going on now? We shall see soon enough. Black Swan anyone?

Mon, 03/23/2015 - 16:27 | 5919230 Bighorn_100b
Bighorn_100b's picture

Untill we see 500-1000 point swings in the DJIA, we are just in a trading range. GDX above $22.50 three days in a row and I'll say the gold miners have bottomed. Untill then, keep stacking a little at a time.

Mon, 03/23/2015 - 16:32 | 5919252 Rainman
Rainman's picture

Remain calm , soldiers. Rumors of a breach in a mountain of energy loan covenants are greatly exaggerated < for now >

Mon, 03/23/2015 - 16:39 | 5919285 Uber Vandal
Uber Vandal's picture

The total carloads from the AAR site is looking interesting, esp. with the amount of petroleum & petroleum product loadings.

(Hint, look for blue line (2015) going below red and green lines of 2013 and 2014 once that button is selected on the chart)

https://www.aar.org/data-center/rail-traffic-data

 

Mon, 03/23/2015 - 16:40 | 5919292 ebworthen
ebworthen's picture

Slish-slosh, teeter-totter.

Mon, 03/23/2015 - 16:50 | 5919324 adr
adr's picture

I hate up days in oil because for some reason the pump price of gas goes up even though gasoline hasn't caught down to sub $60 oil.

Mon, 03/23/2015 - 17:00 | 5919349 polo007
polo007's picture

Central bank balance sheets as percent of IMF nominal GDP:

http://fingfx.thomsonreuters.com/2011/12/21/1652597407.htm

Debt to GDP ratios:

http://fingfx.thomsonreuters.com/2015/03/19/111450d1ad.htm

Mon, 03/23/2015 - 17:12 | 5919368 moratar
moratar's picture

Dollar biggest drop since 2009, hmm we just had dollar biggest gain since 1970. Silver gained today 3% wow that's stady asset that dollar, silver changed 0.5% in chf. Gold is going up, going down.

Oil going down, up, down, up. Rouble biggest drop, since ever, CHF changes 20% in a day. Shiiit. That's some insane economical parody.

Mon, 03/23/2015 - 18:16 | 5919603 lakecity55
lakecity55's picture

Au mirrored in reverse the dollar today.

As the USD went up, Au was down.
As the USD went down, Au went up.

If TPTB pulled a 40% reduction in the dollar, Au would gain 40%.

Mon, 03/23/2015 - 17:10 | 5919387 new game
new game's picture

its all hopelessly fubar. one big fucking joke....

this donkey dick is covered with shit. trade that?

Mon, 03/23/2015 - 17:16 | 5919414 booboo
booboo's picture

I made money today the old fashion way, by the sweat of my brow doing what I know. Got off the crazy train in 2010 and gained back my sanity and could give a fuck all what Boob Pisani and the slant eyed flat faced has to say.

Mon, 03/23/2015 - 17:26 | 5919443 new game
new game's picture

booboo, about my last trade date 2009 i think.

buying and selling boats motors and trailers.

redos, wood seats, fix other plebs shit and resell.

simple fishing boats w/o floors, lunds.

my own boss with 33 percent returns

a buy and a sell. haha...

Mon, 03/23/2015 - 17:31 | 5919463 Clowns on Acid
Clowns on Acid's picture

Only value left is specific miners. All else is a rotation  into nothing. And of course thats bullish !

Why do anal_ysts and so called "traders" get paid more than an attendant at any other job? It's all about safely parkuing cars, or cash. There is no bearish or bullish its all going up...

Do NOT follow this link or you will be banned from the site!