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Chinado 2.0: Dollar Pump, Stocks Slump, Copper & Silver Dump

Tyler Durden's picture




 

Manic Monday to Tempestuous Tuesday... Overheard from an algo somewhere deep in Mahwah...

 

Are you not entertained?

 

It all started in China again... (exactly as it did last Tuesday Manic Monday Becomes Turmoil Tuesday As China Rocks The Global Boat)

 

But in the US, what goes up on vapid volume, must come down on even vapid-er volume...notice the sells every time ES hit VWAP...

 

Leaving everything green for the week but small Caps dropping the most - note that for the 5th day in a row the initial kneejerk olower at the open was bid into the European close...

 

Futures for the day show the pain started in China, was ramped by 'good' housing starts data (ignore the crappy permits data) then sunk after EU close...

 

And with homebuilders the only sector in the green today (energy lower despite higher oil prices as it catches down to credit's ugly reality)...

 

Credit protection markets continue to press wider...

 

Investment Grade credit risk is at its highest since Oct 2013...

 

and for once equity protection is decoupling from stocks...

 

Treasury yields jumped notably intraday - pushing 30Y yields higher on the week...

 

The US Dollar surged on the back of EUR weakness...

 

Very mixed bag in Commodities - despite the USD strength...

 

Silver was slammed off its 50DMA

 

But Gold bounced back...

 

Copper was clubbed to new 6 year lows...

 

Finally, after yesterday's "oil crusher algo" was unleahed into the NYMEX close, today saw the "oil gusher algo" set free... (and no, there was NO NEWS!!)

 

Charts: Bloomberg

 

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Tue, 08/18/2015 - 16:09 | 6440493 hungrydweller
hungrydweller's picture

Nice job Tyler - very Hilsenrath-like.  Full summary out in less than 10 minutes with full spectrum charts to boot!

Tue, 08/18/2015 - 16:12 | 6440513 shoeburyasbo
shoeburyasbo's picture

so the s&p has to catch down 1.5%. hardly apocalyptic is it?

Tue, 08/18/2015 - 16:26 | 6440587 Rama V
Rama V's picture

In days of old when knights had gold, and condoms weren't invented,

Men stuffed their cocks into a sock, and babies were prevented.

Tue, 08/18/2015 - 17:00 | 6440725 negative rates
negative rates's picture

In days of new, the cocaine blew, and so did the shoes of babes.

Tue, 08/18/2015 - 16:28 | 6440596 Atomizer
Atomizer's picture

Yet Goldman Sachs claims S&P will remain stable. Sure it will. Technology is dead. Unless repeating old technology counts. Destroy Windows 10 Spying 1.4.3 Read more at: http://tr.im/hWbVh

http://www.majorgeeks.com/files/details/destroy_windows_10_spying.html

Tue, 08/18/2015 - 16:34 | 6440625 hungrydweller
hungrydweller's picture

Virus alert!

Tue, 08/18/2015 - 16:42 | 6440661 Panafrican Funk...
Panafrican Funktron Robot's picture

I believe the term is Hilsenrathian.  

And yes, I did just throw up in my mouth a bit writing that.

Tue, 08/18/2015 - 16:09 | 6440499 KnuckleDragger-X
KnuckleDragger-X's picture

One of these hacker groups should break into the WSJ and other papers that the algo's read and put up headlines like "Yellen dies in nailgun accident" That could be tremendous fun and a wonderful start to doomsday......

Tue, 08/18/2015 - 16:23 | 6440570 Hype Alert
Hype Alert's picture

But who would host "The FED Is Right" game show?  We can't just have Hilsenrath tempting us with what's behind door #1, #2 and #3 without a host.

 

I don't think it matters which door, because it's lose lose either way.  Raise rates and blow us all to hell.  Put off the rate hike again and credibility implodes, not to mention the distortions we'll see as this gets unrecognizable.  Oh wait, we're there.

Tue, 08/18/2015 - 16:32 | 6440611 Ruffmuff
Ruffmuff's picture

Dude, that's impossible. Even a nail gun wouldn't fuck ole Yellen.

Tue, 08/18/2015 - 16:10 | 6440501 nuubee
nuubee's picture

At these silver prices, Jesus Christ's life was only worth $447.90... Man those Romans were cheap whores for bribes.

Tue, 08/18/2015 - 16:20 | 6440552 rwe2late
rwe2late's picture

But

a 'dollar' used to have a lot more purchasing power.

Besides, Judas was not exactly a "Roman".

Tue, 08/18/2015 - 17:18 | 6440774 HalEPeno
HalEPeno's picture

Actually you are assuming that a piece of silver = 1 oz.  The Romans debased their coins just like all governments post republic.  Also, it was the high priest and his cronies that bribed Judas.

Tue, 08/18/2015 - 16:13 | 6440519 Thisisbullishright
Thisisbullishright's picture

Should it now be called "VWAP-id volume"??

 

Tue, 08/18/2015 - 16:16 | 6440537 Traderone
Traderone's picture

All Hail VWAP.

Tue, 08/18/2015 - 16:16 | 6440539 Atomizer
Atomizer's picture

Hillary is running bathroom selfies on backpage escorts in Hilton Head Island. 

Yes, I arrived several hours ago .. though NYTIMES could write another blistering story. 

I won't post a link. Let Hillary prostitute herself. /lol 

Tue, 08/18/2015 - 16:16 | 6440540 Keltner Channel Surf
Keltner Channel Surf's picture

“BABA, I’m Gonna Sell You”        from   “Babe, I’m Gonna Leave You”         by Led Zeppelin

BABA, BABA, BABA, I'm gonna sell you
I said BABA, you know I'm gonna sell you
I'll sell you in the summertime
Sell you as the buyback comes a-rollin'
Sell you while somebody’s still long

BABA, BABA, BABA, BABA, BABA, BABA,
BABA, BABA, I’ve got to sell you
I ain’t jokin’, man, my account’s in shambles
BABA, I can’t believe you really had a red candle
I don’t see them turning green the way they used to do
I had fear there was something wrong with Chrome

I know, I know I never, never, never wanted to sell you, BABA
But you’ve got to build a new base
I had to quit you, yeah
Ooh, BABA, BABA, ooh, didn't you hear the margin calls?

Oh man, oh man, I know, I know
It would feel so good to buy you back again
And I know that one day BABA
Your share price is really gonna grow, yes it is
We gonna go smashing through their stops every day
No ‘Sell in May,’ grow every day, oh

BABA, it was really, really good
You made me happy in those first days
But now ... I’ve got to buy EBAY …

Tue, 08/18/2015 - 16:36 | 6440633 Ruffmuff
Ruffmuff's picture

The x rated version is from the lyricists of the fed and it is titled "babe, I'm going to ass rape you."

Tue, 08/18/2015 - 16:21 | 6440548 Chupacabra-322
Chupacabra-322's picture

"You're an elisium, and you're already dead!"
-Maximus

Tue, 08/18/2015 - 16:32 | 6440610 Atomizer
Atomizer's picture

Speak for yourself on being dead. We're still alive. 

Tue, 08/18/2015 - 16:20 | 6440559 SSRI Junkie
SSRI Junkie's picture

there was a disappointing lack of wtf's in these charts

Tue, 08/18/2015 - 16:31 | 6440608 Rainman
Rainman's picture

wtf ? KKR getting smoked on bad energy bets

                 http://www.bloomberg.com/news/articles/2015-08-18/kkr-losses-may-reach-5-billion-from-samson-energy-future-busts

 

Tue, 08/18/2015 - 16:45 | 6440676 Atomizer
Atomizer's picture

Hence fast track, and climate change protocols Obama will pass. 

C(lie)mate Update - July 2014  http://m.youtube.com/watch?list=PLHSoxioQtwZcqdt3LK6d66tMreI4gqIC-&v=11S...
Tue, 08/18/2015 - 17:28 | 6440819 WillyGroper
WillyGroper's picture

Barbarians found the gate locked with concertina wire.

rofl

Tue, 08/18/2015 - 16:27 | 6440589 MFL8240
MFL8240's picture

Another disgusting fraud by the Tribe on Silver.  

Tue, 08/18/2015 - 16:36 | 6440630 hungrydweller
hungrydweller's picture

Think of it as a blue light special sale!

Tue, 08/18/2015 - 16:57 | 6440708 Atomizer
Atomizer's picture

For a $270 trillion derivative buy back program to pay the principal and make $940 in trillion profits. When we decide to use another currency, your holdings fall through a trap door.

We don't need you, you continue to fuck us. Watch when you get fucked and we walk away laughing. 

Tue, 08/18/2015 - 17:47 | 6440887 tarabel
tarabel's picture

 

 

Hey, you lay off Gilbert Ortega. He creates a lot of jobs down thataway.

Tue, 08/18/2015 - 18:25 | 6441026 Mini-Me
Mini-Me's picture

Patience, Grasshopper.  They're putting real money on sale, so don't look a gift horse in the mouth.  Back up the truck, have an "accidental" boating incident with your stack, and get the popcorn ready.

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