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"Unleash The Bullard" - S&P 500 Breaks Below Crucial Support
The last time the S&P 500 dropped below its 200-day moving average, The Fed's Jim Bullard rapidly stepped in to save the world... who will save the world this time?
Greece matters after all...
Buy The Dip though...
Rick rolled at the 150-day moving average pic.twitter.com/GbJrnxVqOb
— StockCats (@StockCats) July 7, 2015
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Oh yeah. Time for the Kraken
will they panic after a 4.3% drop in spx? too funny.
The Feral Reserve gave moar than ample warning they're gonna let it slide cause they're saving their own ass this time
Quickly - someone fan the fire faster...
I got a full five gallon can of gas I'll toss in.
Mix in some styrofoam and you have homemade napalm, which will stick to everything so much better......
I love the smell of napalm in the morning....
Script has changed: Unleash the Draghi super-bazooka.
May I be so bold as to suggest a picture of the Kraken in place of the deer? :-)
Raise those rates Mr. Yellen. LMFAO
Bankster cabal morning command: Sell paper PMs!! It's foundational to our sense of control and power! Wag that dog!
If an asteroid hits the earth, the last things living will be Dimon, Blankfein and Yellen sitting in the dirt with laptops selling precious metals to each other.
it depends entirely upon what the squid wants
Do krakens eat squid? That could be a solution.
Everything eats squid, including other squid. so yes..
Buy-the-fucking-TOP
bitchez.
Here's a good viewing spot to see the waterfall, but stay away from the edge:
http://www.investing.com/indices/us-30-futures-advanced-chart
Getting worse fast. Not a knife-catcher in sight. The 15' chart shows the collapse best:
http://www.investing.com/indices/us-30-futures-advanced-chart
wake me when the Dow breaks 12,000. < yawn >.
Hey!! Fuck you Bullard...
Yup, where the fuck are you BULLARD?? Or for that matter any one of your asshole FED friends? You guys are good at saving the day. Fucking asshole.
WWWHHHHHAAAAAAAAAAAHHHH!!! WWWHHHHHHAAAAAAAAAhhhhh
I thought everything was fixed so I went to the beach to figure out which yacht to buy.
I think the Chinese have lost their appetite for stocks. No help coming from them.
It's hard to have an appetite when you can't stop puking.
Holy shit my bond guy wants me to open a margin account....RUN FOR THE HILLS!
Yeeee haw....surf's up bitchez!!! Great day for the shorts...stay nimble...get ready to cover and go loooong. yuck
Looks like some are using Diss-em-Boom's comments at RUT 150DMA to bounce, interesting to see if it makes it back to yesterday's low, and if machines re-short from there, or if another magical sticky-save commences.
200 DMA looks like too obvious a target...so I'm calling head fake...margin melting short squeeze into the Friday close....only way they can keep floating this pig. Covered and went long'ish a few minutes ago, more of a setup for future shorts than purely long. Spreads are all blown out from last week so TNA calendar 85 weekly call short/85 Aug 15 call long was my play. Gives me about 5 weeks to sell against the long call... sitting on a pile of unhedged calls that are blown out since I have covered the short counterparts at this point so part of me wants to see a good rip back up to sell against them again. Hope you are doing well...been doing great here as of late, finally...but your game is much harder...I at least have the advantage of these huge premiums on the options as of late. Hard not to make money as a seller when you have a 3$ premium on at to slightly out of the money instruments. Been taking advantage of the huge premiums on both the call and put sides every rip/dip.
Yes, this is a heyday for your strategy, nice to see you raking it in. Been harder for me, hesitated today, thinking the open was just a 'buy vacuum' before European comments would sent it back up pre-FOMC. In process of switching back to Russell from QQQs, as it's acting better intraday. Still annoyed they won't reverse-split TZA, as it's so expensive to trade, though I found out the hard way liquidity is so poor on SRTY (3X Russell substitute) that TZA is better, never lose more than a penny from stop-loss bandits. Looks like a second run to the 150 may be starting, but can't imagine they won't be waiting there for another VWAP try, nearly every major DMA gets a double-touch before bouncing.
I just shuddered at the mention of TZA...I bet I lost 1-200K over the years toying around with that thing until I finally kicked the habbit. Intraday/week is the only way to touch it, but I still can't bring myself to use it anymore for fear of getting trapped in it somehow.
Off topic but some miners are getting awefully cheap here. Rarely do I play individual stocks vs. indices, but I'm long some HL leaps at 3$ strike and not exactly liking it at the moment, but I've been in them for a year or better so have pretty much written them off as a loss at this point. I'm sure the stock will tripple the week after the leaps expire worthless LOL.
I remember action like this during late 90's- early 2000's in the miners....long period of decline, consolidation, coupled with some weeks like this to further flush out weak hands and allow the smart money in, then all of a sudden, one day the entire sentiment changes and they quadruple in a year.
Not my area of knowledge, but in these situations you get counterintuitive action -- "fear" trade should boost metals, but not before de-leveraging trade gets rid of forced sellers. And yeah, have never held TZA beyond a few hours. Just grabbed a quick 10-min c-note on a small TNA VWAP play, think it retreats again to the 15-min Keltner before any further rip, but as you know intraday volatility on days like this can be crazy with 3X funds. On a positive note for your longs, RVX has cut its spike in half, so perhaps the pre-Yellen crowd are milling about.
No chance we interview the porn star anymore? >sad face<
He looks down and whispers no.
Damn we're down 4.08% from the high.
Maybe, this time the S&P gets "Chinezed".
SP500 is purely supported by QE, it's been trippled since the crisis and every pretended it's normal. It's not.
It's different this time. TPTB have been busy locking down the joint while we have been distracted with Caytlin, confederate flags, and gay marriage.... you know, the important things.
Absence of the FED is worrying. Have they waved the white flag.
Never
Going to be very hard for any of the fed lackeys to whisper QE4 out one side of their mouth while grandma Yellen is still jawboning for a coming rate hike.
One would think so Farmer J in Crooklyn but yo - There will be both. Yes both.
Simply put, the "let the majority eat cake" monetary experiment will continue. The outcome will be no different this time around.
Can't let gold and silver shine either.
"What do we want?"
"QE!"
"When do we want it?!"
"Now!"
"What do we want?"
"QE!"
"When do we want it?!"
"Now!"
Jim BullTard going to talk about QE4.
William Dudley going to talk about endless printing and stock buying to put a floor on it.
I think we need a Banzai7 exclusive work depicting various nefarious parties (the usual suspects) walking around the Kraken-caller to call the Bullard. I think Yellen, Lagarde, with Geithner (remember him) lurking in the background.
more bullard shit
https://www.youtube.com/watch?v=fNFVN0Jz0rE
More popcorn, Vlad...?
As bullshit as technical analysis is, the 200 day moving average is a very reliable indicator of changing trend. It could always reverse and go up from here, but don't bet your life on it. Any time a stock or an index drops below 200 day, you get out.