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Schizo Stocks Shrug Off China, Europe Fears As Dow Roundtrips 700 Points In Giant Stop Hunt
Translating every mainstream business media channel this week...
The Dow gave up all of its post-QE3 gains...
Which leaves this - Fed 'flow' vs stock performance - once again the most important chart in US equity investing...
h/t @Not_Jim_Cramer
It appears the market is threatening (or calling the bluff of) The Fed... QE or else...
Across asset classes the day broke down into 3 sections - China (gappy pressure), Europe (carry unwinds escalate) and post-Europe US session (buy stocks and STFU!!)...
US equities gapped lower on China's double whammy devaluation overnight and kept tumbling through the European close.. then levitated magically to get the S&P just green for the week (algos running stops)
But cash indices all ended the day in the green for the week...
The S&P and Nasdaq managed to hold green for the day... and Dow closed unch...
Almost 700 point roundtrip in The Dow...
Humpday Humor... come on!!!
VIX was demolished after surging up to recent highs over 16... The Twin Peaks Of Vol...
Stocks keep rallying away from and then plunging back towards HY credit...
Treasury yields were mixed with all but the long-end very modestly lower in yield on the day after a mini-meltup in yields after Europe closed...
The dollar tumbled further as EURCNH cary trades unwound en masse...
Note - it appears hope today was driven by the fact that the PBOC appeared to step in and support onshore Yuan towards the close..
Commodities were mixed today with crude and copper flat (after early weakness) and gold and silver surging...
Summing it all up...
Faith restored. +33 handles off the lows. Thanks for playing.
— Stalingrad & Poorski (@Stalingrad_Poor) August 12, 2015
Charts: Bloomberg and @Not_Jim_Cramer
Bonus Chart: Deja Vu - time speeding up...
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You know I used to enjoy rollercoasters...
And as I predicted this morning in pre-market, stop hunt #1865 since 2008 squeezed the market higher like a big red zit
Trend down 1.5 pts after the open.. closed in the green..
.gotta’ love this market .
Run Forest, run.
Buy algo’s, buy.
so the CB strategy was to short the european markets and reinvest winnings into theUS markets......money creation 101
Could it be US equities/bonds are the safe harbor at this point?
Going to be an interesting week end fnale.
Yes... NOTHING WEIRD ABOUT TODAY!
Bin Laden won boys. This is a fucking joke.
Of course he won that was the plan all along. Bin Laden = Emmanuel Goldstein.
3:30 ppt fuck fest, nothing to see here. Move along.
calm seas and clear sailing ahead mateys
You're either with the Fed or against the Fed...with TPTB or against...nothing in between
TPTB can make digits to buy and sell paper all day...the hard part is coming now when the signals of that buying are so disconnected from commodities or rents or the shoreline where fraudulent financialization meets real stuff. CB's next round of QE will not be bonds but will be stawks but also commodities, RE/CRE, cars, etc. etc...otherwise there simply won't be centrally deemed adequate demand.
FAKE ASS MOTHER FUCKING FRAUDULENT FUCKING STAWK MARKETS....
fuck off with this Fed fuled bullshit...
FUCK OFF...
twas a banner day for fraud, KS. top notch.
yeah...and it would be nice if the asshole serial junker trolling the site had something to say...but thats ok...
he can fuck off as well....
I down voted you for complaining about down voting.
I down voted you for down voting him, then decided to upvote you because what you did was funny after all, but then I down voted you again because I'm pissed off at the mahkit today and I needed somebody to take it out on. Sorry, life sucks sometimes... But finally I upvoted you again becauise I was afraid that you would down vote me and I just couldn't stand the shame of that.
You traders out there who are not members by proxy of the Big Club, how on earth do you keep your livers functioning with this kind of shit going on?
Bravo. Put it up on my facebook as 'ZH comment'.
Well said!!
The table's tilted ,the game's rigged, there's no pea in the shell game.
The real misdirection,smoke & mirrors is that everything in valued in Fiat Currency.If the money is no good what's one's physical & virtual (paper) assets worth.
We can always depend on the greater fool.
FMTT TWICE!!!
“Algo Fighting” from ‘Kung Fu Fighting” by Carl Douglas
Everybody was algo fighting
Those bids were fast as lightning
In fact, it’s just a little bit frightening
‘Cause it seems they rigged the timing
They were geeky little men from funky Chi-town
They were propping markets up, they were chopping them down
It's a modern, black art that really messes up your chart
From fading all the rips, to buyin’ all the dips
Everybody was HFT fighting
Those bots had god-like timing
It’s a bit like a UFO sighting:
Poor evidence from bad lighting
There were funky Virtu clones and Citadel’s bot throng
They said: “Here comes the Death Cross - Hwiy-yah! - let's take it down!”
They dropped their bids and took a stand
Started playing with demand
A sudden VIX smash made them flip
Now they're leading a big round trip
Everybody was momentum-igniting ...
Oh-hoh-hoh-hoh --- Hyyyyah! Oh-hoh-hoh-hoh --- Hwaaah!
Everybody’s oil price riding ...
George Jetson at the ppt finger got tired on the buy button last few mins to the close. Union thing dontcha know
This IS fun!!! Bwahaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
was that a 300pt melt up we just saw today? horeeee fuk!
Watch. Another round of Yuan devaluation tonight to force the US markets back down tomorrow.
I would love that... once you start on the devaluation road it is race to the bottom. Damned if you do and damned if you dont. FUCK the CBs, fucking worthless cunts.
Small coincidental detail on the PBOC - former head 95-02 under investigation as part of graft trial from Tianjin
http://www.rfa.org/english/news/china/china-daixianglong-04092015144806....
With Citadel banned in China making up for lost volumes...
Most likely Gold/Silver smash tonight/tomorrow morning.
Dead Cat Bounce. Its all over now.
"It's gonna be biblical"
https://www.youtube.com/watch?v=EnFyB8abbKE
Fed cat bounce.
FIFY.
Who exactly smashes VIX lower and Why?? How do they do it and why do they protect it from rising so much?
Seriously. Can anyone give me some good info on these questions? Thanks!
Because all of the algos are interlinked and buy based on other "signals". So you can manipulate the entire fraud higher by pushing down on one of the more significant levers, like VIX. Other similar levers are exchange rates.
ppt
So buy dollars at 915pm, sell at 930. Then buy Euros and sell at London close? For 400 pips profit....
ROW: Red red red. America: Green green green.
We're exceptional, alright. Exceptionally corrupt and exceptionally owned by the 1%.
And you people want Donald Trump as president. There's no way in hell I'm letting any of you be my latex salesman.
are you a manager at vandelay industries?
...only the import business?
The shorts got their faces ripped off, gashed and kicked in the teeth again.
You can't beat the algos on their witch hunts for stops.
Shorting a fair market, sure. Shorting this market is fucking stupid.
I don't know why any short would get caught by it. You can feel once the machines grind into gear - they simply won't let it go past a certain point 4-5 times and then they start eating up chunks of real estate at 1-2 points a second. Lots of money to be made if you just free your mind and flip long when you KNOW they want it to go up
Ahhh the mind, the biggest cock block to great trading.
Finished unchanged. Haha!
Loud noises!
Uncle Jack and his buyer of last resort team are always at the ready, to turn that frown, unside down.
Super turbo charged fucked up and they love it!
I'm king of the world ma!
The dollar however has not completely recovered.
No worries folks. We'll have the scaffolding down in no time!
This was one for the fucking record books. QQQ +1% over VWAP. Absolutely no volume post 1pm.. No time will ever be different.
NEWSFLASH: Central Banks will not let stock indices go down in any sustained way. It's the only play left in their playbook...and they have said as much in words and actions. The only time we will see the market decline by 10% or more again is when they turn out the lights for good
They said as much have they?
In Central Banks we trust then
(care though, Swiss CB comes to mind, what was the name of the then governor?)
sorry multiples
So the stock dragging it up are Apple, Caterpillar, and Exxon. Really? Does everyone know something I don't. I though Apple invested their @$$ets in what turned out to be a fake Rolex, oil was $43 a barrel heading for $30 if OPEC won't slow down (they won't) and Caterpillar and everyone who makes their parts is facing a bigger decline in orders than what preceeded the 2008 crisis. Is that pumping sound I hear just oil we don't need or is it something more?
my bad multiples
So what? The Fed can just buy the entire market. There will be tens of millions of people starving in the streets and the DOW will be 24,000. Look at Venezuela, or Zimbabwe. Their market did "great" for nominal values of great.
draghi pukes ... yellen swallows
People should realize that the game is up and this is all fake.
But these numbers are the smokescreen for people to believe there's hope. And they'll keep the screen up as long as needed.
All it takes is to press a button, create all the money in the world and buy it all up to keep the masses under control.
It's easier then national guards having to fight all day to keep thenstreets clear.
So it just doesn't make sense to short it and play ball as long as there's still a ball.
And with your profits, you buy gold, silver and put some cash aside.
But don't bunker down because you'll never make moeny in a basement unless your taping and selling snuff movies.
The Fed would buy those as well
We are #1 in PPT!!!!
They know and we know those numbers are fake but remember nothing hold forever.
Free money comin for everyone yaaaaaayyyyyyy!!
Huge volume in the a.m. compared to the rampfest - even Gay Bob had to comment, to retain a slim shred of journalistic integrity
Yeah but the new Elvis Forever Stamp was officially revealed today!
Remember the Politicians of Both Parties and their families own stock..... They will let the stock market only fall so much...How long can this go on, nobody knows...I thought it would have ended a few years ago....
Well, let's see just how much farther up this equity tulip mania can go without taking the banks, down 1.58%, and looking ready for a continuation of today's 7 month uptrend break:
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=bkx&insttype=&freq=1&show=&time=7
If it looks like a duck, and talks like a duck-
-run, then fucking DUCK.
This IS one totally fscked up "market". And corp buybacks was not the total cause. Freaking absurd.
Oh well, just BTFD!!!!!!!!