This page has been archived and commenting is disabled.
Mickey Mouse Market Pops-n-Drops As Crude Carnage Follows VIXtermination
We suspect more than a few 'traders' feel like the chap in the middle seat...
China weak overnight as once again each government sponsored lfit is sold into..
To get the full experience of today's farcical market, we look to the futures markets... weakness in China... Fed's Powell unwinds Lockhart's comments... crap jobs data sparks rip higher on bad news buying...good ISM dats sparked good news selling... AAPL buyback maintained S&P early on... Crude production data sent WTI plunging and so did S&P... Nasdaq gains all about the AAPL buyback rip...
The late day bounce took S&P Futs back to VWAP...
Cash indices show the roundtrip to unch...
But The Dow was the underperformer as Disney's plunge took 80 points off the index...
And note that the S&P lost 2100 close (below its 50 and 100DMA) despite efforts to hold it...
As the day was dominated by AAPL (buyback anyone?) and DIS (oops)...
VIX hit 2015 lows today... for absolutely no good reason whatsoever apart from someone needed to cover Disney's dump and support Apple's buyback...
Treasury yields pushed on higher today with the curve flattening further...
The Dollar dumped and pumped after weak jobs data and good ISM Services data...
Commodities trod water along with the dollar but crude was clubbed...
As inventory draws were trumped by a push higher in production.... WTI tested $44 handle to 4-month lows...
Charts: Bloomberg
»
- 22381 reads
- Printer-friendly version
- Send to friend
- advertisements -
Running in circles, just because.....
It omly hurts when I breathe.
Tylers,
Per oil price, any idea when the wave of defaults from the oil companies are going to hit. I've heard this fall.
Thanks,
SMG
http://www.bizjournals.com/houston/news/2015/08/03/national-oilwell-varc...
Death by a thousand cuts.
The Bernank removed the word "default" from the dictionary back in '12.
Please try to keep up.
Disney should spin off assets.
Hey williambanzai7, could you put some mickey ears on yellen and post it?
Tyler,
Please don't use the word "trumped" in any articles for the forseeable future.
Thank you,
American electorate member.
They're losing control.
High speed wobble.
Sears' and K-Mart's collapse is "inevitable" and could happen by the year 2016, retail analyst and author Robin Lewis writes on his blog.
http://www.msn.com/en-us/money/inside-the-ticker/a-troubling-sign-that-s...
" Yes we can! "
The irony was that K-mart bought Sears several years ago. They better go bankrupt very quickly while the property asset bubble is still inflated.
“Gart-Man” from “Taxman” by The Beatles
When he tells me how it will be
It’s a call for him, nine puts for me
‘Cause he’s the Gart-Man, yeah, Dennis Gartman
Though his readers’ gains appear quite small
They’re thankful to have any at all
‘Cause he’s the Gart-Man, yeah, he’s the Gart-Man
If he hates the grains, I’ll buy some wheat
If he likes small stocks, I’ll fade Pink Sheets
If I hear he’s sold, I’ll take a LEAP
If he stays neutral, I’ll straddle like a freak
(Gart-Man!)
Don't ask him currencies to explore (Aahh Mr. Euro)
If you don't want to lose some more (Aahh Mr. Yen)
‘Cause he’s the Gart-Man, god yes, Denny Gartman
Now my advice when he shorts SPY
Beware – 500 names could rise
‘Cause he’s the Gart-Man, aw heck, that’s just Gartman
His trades are working for no one but me
Another year like this and it'll be time to find a real job, whatever the hell that means anymore.
this farce started hours earlier after shite figures in Europe, Greek carnage the #Dax was up over 250 , the FTSEMIB after shite figures up over 400 points and bankrupt France up over 100 points, I can only summise that central banks bought the whole lot, as the figures were so bad it should have been a reverse of those numbers
At the same time, we again see a pretty clear technical pattern of repelling the madness on the Daily charts, QQQs & SPY from recent highs, RUT from the 20 DMA, as pointy as 3 upturned thumtacks, seems algos had instructions entered, not likely event-driven.
DOW up 300 points tomorrow just because they can squeeze; then lock and reload till there is no one to explode, then the implode.
Wait till Christmas crashes and burns worse than last year; expect advertising early and often, which will not do any good.
-----------------
Also, their is a double digit increase in ObamaCareLess are coming up and even less coverage unless you want to change your gender. I assume we have a semblance of healthcare by December. I figured out that since the hospitals and doctors, particularly surgeons, are being "scored" on "patient outcomes" (whatever that really means) that when they "screw up", they will not want to correct any problems and place the blame on the patient...they, the doctors & hospitals, have been brought to lying and not taking on what are "risky" patients. Partly because we live in a society that cannot discern real mistakes from true malpractice and so because of suing; the medicine is practiced from the defensive stance. So either this was by design or unintended consequences. I believe if the doctor patient relationship were left to the doctor-patient, then the bad ones would be filtered out by word of mouth. What is evil is indeed called good and that which is good people can't recognize.
You want to know whats really going on????
Look no further and all will become clear!
https://www.youtube.com/watch?v=JI8AMRbqY6w
They Live!
One of my top-five movies of all time. And Roddy Piper was great in it, which wasn't a surprise to me, knowing how well he did with cutting promos and performing live mic work on wrestling shows.
"I have come here to chew bubble gumand kick ass, and I'm all out of bubblegum." Not only is that a great line, his delivery was brilliant. Just when you thought you knew all of the answers, Piper changed the questions.
RIP, Rowdy one.
Link to full in HD (720). https://www.youtube.com/watch?v=BMym1-uf5eI
That DOES explain Hillary...
Ahahahahahahaha, today the s&p really wanted to be 2100+. That seems perfectly organic given yesterday. I'm sure meatspace traders managed that perfect closing run to 2099.99. Ask no questions and they'll tell no lies.
I wonder if 'making up excuses' might not be the Next Big Thing. Maybe a startup could get some venture capital for such a deserving and much needed enterprise.
The primary task right now is to change course and implement a new global financial solution that will end in a smooth, successful and peaceful financial transition. And prevent the current planned global financial disaster and escalation of violence. A minute subset of information is summarized below as it relates to the Global Energy Sector. This type of information can easily be obtained from and applied to all sectors public or private. There are very important reasons to maximize the speed and cooperative efforts from all avenues that are being put into efforts relating to a positive financial outcome. If you remain undecided or stay the current course you're going to lose it all (see 8/1/15 executive summary comment). Those that are undecided, committed to disaster or actually believe you can benefit from what currently lies ahead should read below and read my future posts.
ENERGY
Prior Sector Comment
http://www.zerohedge.com/news/2015-07-23/strategic-petroleum-reserve-no-...
Detailed Facts & Evidence
If anyone paid close attention to my very old posts, now deleted, you would know just a few of the various reasons why this is the current situation in this sector. So far the analysis has been 100% accurate over roughly an 8 month period. And it included much more than just specific financial related outcomes. I will no longer post comments with detailed analyses of any type for a number of reasons. The current eventual extreme financial impacts and worse will eventually be felt by everyone at every level. This is regardless of how high up you are or how well prepared or positioned each of you think your country, company, personal lives etc. are against the current outcome. And for those in the Energy sector it shouldn't be hard to remember not so long ago that scapegoats can and will come from all levels. Especially when the financials really get ugly. You can count on it.
Questions for the Undecided & Those Committed to the Current Outcome
* How many headlines and in how short a period of time (see example below) will be enough to prove that the end will not benefit anyone?
* How many lost jobs will it take to decide or change your minds and take action to stop it?
* What combined set of information will be enough to convince you that the current course is disastrous far more than financially?
* How much and what will you need to lose before you decide or change your mind and take action? You job? Your home? Your life?
Conclusion
If you are waiting until the effects hit you personally you are waiting far too long. At some point the current course will reach the point of no return and become a reality. We are rapidly approaching that point in time. A course change is very complex and will take time. However, those that don't want this outcome only need to achieve the "Hundredth Monkey Effect"- (Wikipedia August 2015) in order to stop it. The sooner you decide the greater the chances for success will be both at stopping it and for implementing a solution that can benefit everyone.
A Few ZH Sector Related Posts (Note: Just within 2 weeks)
http://www.zerohedge.com/news/2015-07-22/will-oil-patch-bust-trigger-rec...
http://www.zerohedge.com/news/2015-07-29/layoffs-return-energy-giants-ch...
http://www.zerohedge.com/news/2015-07-29/crude-surges-after-surprise-inv...
http://www.zerohedge.com/news/2015-07-29/top-factors-undermining-any-oil...
http://www.zerohedge.com/news/2015-07-30/energy-layoffs-resume-shell-fir...
http://www.zerohedge.com/news/2015-07-31/crude-tumbles-near-46-handle-us...
http://www.zerohedge.com/news/2015-08-04/us-shale-how-smoke-and-mirrors-...
Agreed: this whole econmic shitshow hinges on the price discovery and production level of crude oil.
Fuku, good post. I remember yoru comment in your last post:
"The Energy sector works with and impacts so many inter-related businesses. Everything from exploration, engineering, suppliers of equipment or manufacturing of products like automobiles and too many others to list. They will all be directly or indirectly hurt by this current course as well."
When I visited Houston and Denver recently I saw that 'trickle effect' of the drop in oil prices effecting not only the oil companies directly but even restaurants, etc that relied on oil workers from the CEOs on down to feed their business, so to speak. Houston and Denver both have other industries like health care but the downturn will definitely slow growth. I read Houston and Denver are no longer even in the top 10 fastest growing cities any more.
Gonna be interesting but I agree with you unless the nations course [namely leadership] changes we'll be in for a more serious downturn...only a matter of time.
BTFD right?
:)
delete
I read the headline and thought you be rapping