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Stocks Sinko-No-Buyo As Crude Hits 6-Month Highs
But everything was 'awesome' yesterday? From "strong" to wrong so quickly...
Dip-buyers' strike today as fears of no moar money sparked selling in stocks and bonds...
Small Caps and Nasdaq led the losers today - but everything fell from the open...
Which destroyed all of yesterday's volumeless gains
With Small Caps and Nasdaq underperforming post-FOMC
To summarize:
- Dow <18,000 (below its 50DMA)
- S&P < 2,100 (testing 50DMA)
- Nasdaq <5,000 (below its 50DMA)
- Russell 2000 < 100DMA
- Biotechs <100DMA; and
- AAPL <50DMA
Surprise!!! Stocks caught down to credit... again
VIX was in now way ezxcited about yesterday... just like credit...
Shale stocks woke up to what Einhorn said yesterday...
Biotechs took another beating...
But energy stocks dumped even as oil spiked...
Treasuries were hammered as US opened... but the sell-off stalled as the equity weakness accelerated...
NOTE - 10Y yields tested the 200DMA and rallied back lower
The US Dollar slipped for the 7th day in the last 9...
Commodities were all higher on the day - led by Crude's exuberance - with a pre-8amET ramp once again...
Crude surged above $61 briefly before fading into the NYMEX close... (click image for massive version)
Charts: Bloomberg
Bonus Chart: Yet another collapsing China data point...
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it means nothing.... the stock market only goes up now.
Republicans Reject Bill Amendment to let Veterans Affairs Doctors Recommend Cannabis
Vets need no recomendation to smoke that shit and Presidente Obama es maricon.
I made the russel spike end of day. I was off on stock charts looking at dia, spy, qqq & rut. Was checking out the macd roll overs I to the rsi and noticed the Russell and was all tripping in it.... That's why it jumped at end of day.
Watching who was testing what average or below .... Thanks for ur add ons in those goodies up there.
Sinko no buyo.....so funny!
Those charts have awesome written all over them, so sell everything you own and pimp out your wife because its the perfect time to go all in.....
What if I pimp out my wife and use the money to buy blow instead?
Cramer, is that you?
BDI is below 600.
I'm sure it's bullish when shipping croaks on its death bed.
BDI has been another slow motion train wreck that does not seem to get much attention. Amazing.
There's the oversupply factor and there's simply less and less demand. I'm sure the Aussie rate cut is going to fix the idling of ore mines..
Like channel stuffing in the electronics and auto industry?
Pure Wankers, the whole crowd...
Q u E' pasa?
“Rebel Rebel” by David Bowie
Doo doo doo-doo doo doo doo doo
You've got your mother ready to bawl
She's says you can’t buy puts, just calls
Hey babe, you’re positioned right
Hey babe, let's short RUT tonight
You like me ‘cause I’ll fade them all
You short naked (and you look divine)
You love stocks when they’re fadin’ hard
You want more and you want it fast
They buy the dips, and say I'm wrong
You bearish thing, you’ll prove them wrong
Rebel Rebel, take off your hedge
Rebel Rebel, your margin’s a mess
Rebel Rebel, what do they know?
Hot bear, I love you so!
You've got your mother ready to hurl
‘Cause she’s sure we gave FAZ a whirl, etc. ...
(Take off your hedge, your margin’s a mess, you can’t get enough of that DMA test
I’m your technician, you’re a live wire, got your TVIX and puts on bourses,
wanna be there when they count up the corpses, god – I love that dress,
you’re a juvenile success …)
with wiffs of qe4 waffling in the air, i would buy the fucking dip s/? ha..
not going to happen until 2016 when tanks are rolling in the streets... this time for real
10y treasury up 26 bps in the last 8 trading days. .... just in time to kick off robust summer home sales. This won't last.
Which won't last? The higher yields or the "robust" home sales?
I'm sure you followed the 10y for the last 7 years. Has it ever shot up this dramatically? Not that I remember. There's no hope for further liquidity. Credit will never be so cheap until the Fed makes a drastic full reverse in all their policy announcements.
Yes, yields are backing up and I'm surprised we haven't seen the Tylers writing about this. The FED is about to be forced into a rate rise or it will be shown to be a follower (which it is) rather than a rate setter (the lie it wants to keep alive).
Yeah - and too bad it IS different this time. In the old dayz, a drop in Bond prices this much this fast would be worth 3 - 7 % drop in DOW. Which likely will retrace Wed like last week. BTFD!!!
If it weren't for gold and oil China's CFI would be at zero.
Were the FBI kicking down the doors of Medley Global and the office of Yellen in pursuit of evidence regarding the leaked minutes of the FOMC meeting?
No! That's a shocker. Which client of Medley ( Japanese Central bank for one ) benefited?
call me deacon blues
Upvote for the Steely Dan reference. I needed that today.
Seemed like a specific, orderly take-down today, volume avg on larger caps, but 2-3 times avg on IWM & QQQs, most indices getting algo support at the 50 DMA, with only IWM within striking distance of March lows. With Yellen speech tomorrow and Jobs Friday, will buyers come back in force tomorrow? Given recent history, bears will likely require 100 DMA breaches and a major RUT rollover before truly salivating.
overnight ramp underway, 18k by the open?
Awesome rating just for the pun.
That e-mini S&P chart is hilarious!
I’m a choo-choo train; BTFD?
Chugging down the track. BTFD?
First I go forward, BTFD?
Then I go back. BTFD?
Now my bell is ringing, BTFD?
Hear my whistle blow. BTFD?
What a lot of noise I make BTFD?
Everywhere I go BTFD?
Mr. Schopenhauer: I read your "The World as Will and Idea" in college and was impressed, but am convinced this post may be the most profound, actionable prose you've ever written.
Schopenhauer? I fucking love this guy!
http://www.theabsolute.net/misogyny/onwomen.html
(this is just an excerpt if I can find the full PDF in my archives I will post a link)
Imagine what he would think of society now.
Is Cushing full yet? When does oil go to $20?
What about this video of the weight lifter breaking his arm in the Olympics?
https://www.youtube.com/watch?v=DJXESL5VK48
CBs authorized a 5% trading range for SP500 for HFTs and day-traders to play with :) As the index approches the low boundary Citadel and/or Japan CB starts buying futures. As the index goes higher they unloads. Doesn't cost that much if anything, and everyone's is happy. What not to like?