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Despite Short-Squeeze-Driven Buying-Frenzy, Window-Dressed Stocks Remain Red For March
Because, well it must be right...
If markets are open, you panic-buy... especially if China hints at RRR cuts or QE... Following Yellen's speech which Goldman explained to everyone was dovish... The S&P 500 rose 27 points from Friday's close BUT 32 S&P points were achieved within 15 mins of the opens of each trading session today
And then markets dumped after hours back to VWAP...
From Friday's close, The Dow was today's best performer as Nasdaq and Trannies lagged... This was the best day for The Dow in almost 2 months - snappinbg ity back above the 50 and 100DMA...
Which is not a total surprise, as today was the biggest shoret squeeze in almost 2 months...
A Double Whammy of shorts squeezed today...
Dow 18,000 appeared to be an important level to prove everything is awesome...buut they lost it and the Dow closed at its initial ramp highs
The Dow & S&P are now comfortably green for the year; but remain red for March along with Nasdaq as hard as they tried today
For March, Financials and Discretionary just could not make it... still there's always tomorrow...
Because fun-durr-mentals...
Energy stocks soared today.. which is odd given the drop in WTI to a $47 handle (ignoring the idiotic algo rip into the NYMEX close)...
Meanwhile, Treasury yields traded in an extremely narrow range ending +/-1bps... (long end underperforming)
The Dollar surged... (foreign buying US assets?) but what is really odd is the plunge in the AUD - given hopes for a China rate cut should be Aussie positive?
Given dollar strength it's not entirely surprising that commodities limped lower... Copper rose on China hopes...
With crude doing this at the NYMEX close... come on!!!
Charts: Bloomberg
Bonus Chart: How we know everything is awesome...
Where do I throw up? pic.twitter.com/22aRVqEq1C
— Not Jim Cramer (@Not_Jim_Cramer) March 28, 2015
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There is no spoon.
indeed
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... www.globe-report.com
If Jamie is on top, then everyone else is underneath... face down... and receiving.
With many central bankers and financiers in the west in total collusion to keep the fraud going... ...henceforth, everything will be "awesome" and the official "prices" will remain low right up until the shortages begin and none of the bankers or financiers of record can be found...
Your "representatives" in D.C. will also be notably absent...
I know where mine live and vacation...
Exactly! One can't help but think that TPTB are going through this whole charade of a shit-show for nothing. The average American will be oblivious to the oncoming storm to the bitter end, regardless of what happens on Wall St. The light will come on when their EBT card no longer works, or the Disabilty checks stop coming.
Any problem that can be fixed with mere currency will be fixed. The checks will never stop coming. In the Weimar the checks never stopped coming....they just were not worth cashing. I expect the same here.
When the checks can't buy food, then they will start hanging the politicians
Everything is Fucking Great! thank you president obama! (p.s. Don't Buy Gold!)
“Doves Hurt” by Nazareth
Doves hurt, doves tease
Doves wound, and squeeze
Any shorts, not tough
Nor strong enough
To take a lot of pain
And forsake a lot of gains
Doves are like cows
Big heads, small brains
Doves hurt, oooh, doves hurt
Low volume, I know, but even so
Doves just don’t need much food
A few trades, and you’re screwed
I really learned a lot, and really lost a lot
Doves are like A/C
Come on when you get hot
Doves hurt, oooh, doves hurt
Some bears dream of happiness,
S3 pivots, 200 DMA tests
Some bears fool themselves, I guess
They're not foolin' me
‘Cause I know it won’t come true
I know it won’t come true
Doves just lie -- ‘til your sells go thru
Doves hurt, oooh, doves hurt …
I'll tell you guys one thing, there's going to be a nasty squeeze on the $usd longs in the next 12-24 hours. This EOQ/EOM farce of a shitshow today was beyond full retarded.
So my dollars will buy more tomorrow? Thanks for the head's up...
Some USDA prime Beef, not so much... Some Chinese melamine laced milk, probably. ;-)
I raise my own beef, but then you knew that. ;-)
Gotta luv busted markets. Hedge boyz loading up on 90 day SPY calls, cheapest in 5 years. Puts not so much.
http://online.barrons.com/articles/SB52018153252431963983004580540214065306740
Still got one more day to set the dial.
I laugh my ass off at the shorts and it's not because I disagree with their sentiment.
Freshly squeezed zerohedger
Meanwhile in the real world things keep getting worse. Tax time has clued everyone onto the abomination that is Obamacare and people are going nuts. I'm pissed because there is no way in hell I'm paying over $1200 a month for health insurance with a $12k deductible when I barely use $1000 in a year. BUT THE IRS SAYS I HAVE TO.
I've talked to more people over the past month that are just ready to give up than I have ever seen before. The retarded moves in oil ans gas prices, people wondering how the hell heating oil can be more expensive now than it was in September. All of a sudden electric rates spiked 35% last month and people started getting $500 bills for electricity even though solar panel farms have been going up everywhere which were supposed to reduce electric rates. The media keeps proclaiming everything is awesome, but why does it feel so shitty? A few years ago people were really angry, but they saw that their anger didn't generate any meaningful change. They voted out garbage politicians and had one of the largest swing elections in history, but again nothing came of it. Right now we are in the apathy stage, where people just quit and give up.
Business owners are all saying that sales are crap and nothing is moving. I expect most small business that is left to shut down over the next two years. There just isn't any money to be made. At big box mega retail the things that are moving are seeing astronomical price increases. I guess they expect that the stuff people are willing to buy, they will buy at any price. None of the price increases make sense because the dollar has strengthened massively which means the made in Asia crap should be cheaper to buy.
People keep seeing others driving nice cars, living in nice homes that seem to be home all the time. Then you find out that the two of them are on disability and stopped paying their mortgage five years ago and still haven't been kicked out.
The country is dead, it has no future. Being a deadbeat is now the only way to live. GREAT JOB ALL YOU FUCKS IN POWER!!!!!
It isn't 1929, it is the late 1930's and people just need that push to go after the real villains again and the real villains weren't the Nazis.
Damn straight, adr!! Bravo, bravo.
All I can hear is that damn "Everything is awesome" song now..friggin earwurm.
Why is this newsworthy? Markets go up right? It's what they do ...right? It's not like we ever see them going down....except right before they go "Super-UP!!™....right? Swat Janet said.
"Today’s rally suggests investors still prefer aid from central banks to actual growth in the economy and are willing to bear above-average risks for below-average returns,” said Channing Smith, managing director at Capital Advisors.
C'mon Tyler, when you gonna report on falling US oil production in January? I thought rig counts don't matter. That's what your Goldman posts and bloomberg videos kept telling us.
It's all going according to plan.
JOKER says buy stocks.