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Dow Dip-Buyers Evident After Futures Open With Another Mini-Flash-Crash
As Dow futures opened ahead of this evening's China open (after being closed since Wednesday), it appears someone (or something) decided it was time to test down 100 points to Friday's pre-ramp lows. Of course that mini-flash-crash has now been followed - since stops were run - with a 140 point ripfest, we assume gunning for the stops just above Friday's late-day highs...
Other moves of note ahead of the China open are a sizable surge in Bitcoin (looming Yuan devaluation?)
Charts: Bloomberg and Bitcoinwisdom.com
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JUST when I was wondering what was happening in Asia and the US stock futures. Thanks, Tylers.
Asia futures ain't open yet. 2 hours.
Yes and the Shemitah theory will hold or fail within 7 days and there is that deal on the 28th, curious to see what happens.
As I've stated before, it will fail.
Just another charlatan making a buck.
Matthew 24:36
The Shemitah theory will hold or fail by the end of September, I believe that's when Shemitah is over. You're thinking of Elul 29, which is a date in Shemitah where both prior crashes happened on.
The Shemitah year began on Sept 24, 2014 and ends on September 13, 2015 (next Sunday) and then there is that last of the blood moon eclipse tetrad (all falling on Jewish holidays or feast days, very unusual) which some are claiming is a very big deal historically.
"This fall, the second of four blood moon eclipses will occur the evening of Oct. 8, coinciding with the first day of the Feast of Tabernacles, also known as Sukkot. A partial solar eclipse will take place two weeks later. Two more blood moons will follow on Passover in the spring of 2015 and on the Feast of Tabernacles in the fall 2015."Read more at http://www.wnd.com/2014/06/first-come-blood-moons-then-shemitah-year/#Zc7dqrsxyGmH79FT.99 Shemitah: http://judaism.stackexchange.com/questions/13432/when-is-the-next-shmita-year-as-of-5772
38,
Keep and eye on the volume numbers below the flashed cleavage.
Nothing there but toilet paper.
Someone is fucking with the Dow Algos.
Or testing their new garage door opener.
someone forget to draw in the volume under the spike? who's job was that?
shazaam, sombody was drunk at the switch
i read in one of our articles posted at zh, that the exchanges held back sell orders until they execute them at severe loss to the stop-setter. or visa-versa. wtf happens when there are no stops or sell orders? do they toss in a little fed salad to hold up the futes, you know execute one ofter another stepping higher, you know, sorta like you just saw on the /es.
stops are for pussies.
Stops are for the over-leveraged.
only thing you control = how much you lose
no stop = no brain
Didn't I just say that?
there really is a pussy stop? wow, that would come in handy when you start bumping bones, sort of a little bounce instead of pubic bones smashing together
BFD
Wake me when Yellen gets laid
Long sleep who would fuck that? One word GROSS BUT THERE ARE SOME GUYS THAT WOULD FUCK ANYTHING SO MAYBE YOU GONNA NEED TO TAKE THAT BACL LMAO
all right, lets see a show of hands, how many of you cried when they shot old yellen? come on, get them up now.
i need a microscope to read that volume
The Tokyo fix is coming up here. 90 minutes.
I can't wait to see Kuroda & Co. try to levitate the futures.
muh muh muh my kuroda...
https://www.youtube.com/watch?v=BR2JtsVumFA
The BoJ & PBoC are sucking up ES futures as we speak buzz.
You know Yen, the whole thing brings up an interesting question. From an earlier zh article:
During the course of their stupendous inflation of China’s $28 trillion Credit Ponzi, the red suzerains of Beijing bought treasuries hand over fist and thereby kept their price rising and the volatility of the world bond market falling. To be sure, this wasn’t charity for America’s debt besotted shoppers and governments. It was done in order to peg the RMB exchange rate...
But wasn't it? I might argue, at least in the case of Japan, that is EXACTLY what it is/was. The question is, what do they (japan, china is hosed) do if this is the case and they realize it isn't working when demand fails? moar? panic? panic, then moar?
I've been run down
I've been lied to
I don't know why,
I let that mean woman make me a fool
She took all my money
Wrecks my new car
Now she's with one of my good time buddies
They're drinkin' in some cross town bar
Sometimes I feel
Sometimes I feel
Like I've been tied
To the whipping post
Tied to the whipping post
Tied to the whipping post
Good lord I feel like I'm dyin'...
You gotta post the link, man.
https://www.youtube.com/watch?v=FUvxRjYqjEQ
This week will be a record setting week, I can feel it. The indians will be circling the 18K wagons once more by friday. Just wait and see.
https://youtu.be/xtAlzo_pqys
Just an uneducated guess, it's not gonna go the way you think it's gonna go. We'll be circling the 14k drain by Friday, with crazy up and down rollercoater moves throughout.
Nearing the 13k drain on the 14(day after sunday Shemitah) and by the end of that week, the markets will be 'temporarily' closed before that big qe4 announcement.
I hope this isn't just wishful thinking.
Lets take bets on when the DoW 200 week simple goes?
google has the 200 week sma of the dow at 15312.I hope its this week, no bet from me
I'm trading real time CFD's. It's like the difference between spot and futures.
I think goog-less average is horse shit.
Adjust your charts to N.Y close GMT+2 and also factor in the open and close of the futures markets.
The average is NOT based on market close. The options ~CFD markets, only shut down for 2 days.
The true 200 week simple moving average is just under 15550.
Look at the sup/res levels on your charts and you can see how Kevin Henry is trying to protect certain levels going back to '12.
I didn't paint that yellow line that the PPT pinged off of?
Could take a while these level are being bought. Good crush down if these guys puke though, could be sweet. Otherwise, we've just been jacked (again).
Spot on medium giraffe
I do think those MACRO levels will get taken out over the next 3-6 months.
I'm not sure if you read COT charts, but the Macro side of the trade is almost always against the specs.
Oh, it's fucked for sure in the long run. Laughing at the goons as you read the COT is a bit mean though dude, (lol!)
Those macro trades are long term. They get hedged, and the specs. trade the scraps.
If you have APPL cash and just park it in some offshore Bohemian bank, you might want to dabble.
That's the spec side of the trade.
If you're the King of a country, you'll park your reserves, and hedge them. That's the big grey area when you read the charts.
I like how you think Yen, but I see this week more likely bouncing off the 50 day, and not even close to the 200. With the US closed Monday, should be Childsplay to gap this thing up 250 on Tuesday morning....
I respect your thoughts gatorengineer.
Personally, I'm watching the money markets. [short term debt]
It's different every time. When cov-lite and {corp hyg spreads blow out, things tend to get ugly.
You're a very intelligent person, and I enjoy your thoughts.
People that think I don't read their posts, are foolish.
Lets talk shop.
I'm more concerned with liquidity next week.
I'd probably be watching short term yields.
i occasionally find errors with googles numbers always figured the purposely corrupt a small % of them.
Markets are more fake than caitlyns tits
Buy everything except gold. Gold is bad. Very bad.
;)
Gold is absolutely, positively the worst investment ever!
Very, very bad!
Why even ol' Dr Paul Krugman said that!
EDIT: And it only costs $5.00 to get it out of the ground. Or something like that. It doesn't matter. Gold & silver stink!
EDIT 2: Oh, yeah, you can't eat it either.
what is gold? As usual, I am just a weirdo asking questions...Its something that is mined out of the ground. I have also learned that it makes great conductivity for electronic devices. It has been used for centuries as something that is of value. But why has it been used for centuries as a value? Its just something that comes from the ground. SO does oil, marijuana plants, food, etc. I am not here to argue, I have just realized that I have ben lied to all my life and I find asking questions here on ZH is better than going to a college or university....really, what is gold? why is it valuable? because they tell you so? Because past centuries made it of value? I am so on the edge of my seat to see your answers...
it doesn't rust
Rare, divisible, fungible. Hard or impossible to copy/fake/clone. Recognizable and universally recognized.
University would also teach you this, among other things.
The fact that we get these flash crashes is evidence of manipulation of the markets. That is due to HFT. The crashes run stops and force losses that should not be taken. The SEC should be imposing huge fines on HFT companies that participate in a flash crash.
Problem the SEC prefers to analyse Larry Flynts' products than Wall Streets
Is there anyone like me who is kinda addicted to this shit that hates three day weekends? :-) I sometimes wonder if zerohedge is worse than heroin......lol.
Yes. Normally I would be stoked about getting up bright and early on Monday morning. Get my coffee brewing and check the overnight activity in asia and then check the US futures. I've got nothing to do tomorrow morning now so I'm bored...having some beers...killing time until Tuesday I guess.
I've wished for a long time that all of the markets simply never closed. It's a racket anyway that *they* get to trade after close and before the open but I can't. Obviously the whole fuckin thing is a racket but I'm just saying.
John Lennen.....Im just sitting here watching the wheels go round and round...I really love to wtch them roll...No longer riding on the merry go rou-ound...I jsut had to let it go... Lets go find some nature tomorrow and get back to being human for a day. :-)
They're still in control. Now when the dip isn't bought...
Did you guys see the last few paragraphs on the Iran deal article posted a bit ago? One could easily doubt that their time frame is trust worthy.
Recall that in addition to China and the rest of the EMs and petro-exporters, Saudi too has been burning through US reserves (i.e., mostly Treasurys): "Jadwa said that by the end of July the government had withdrawn $82 billion from its reserves, reducing the assets to $650 billion. The reserves are expected to drop to $629 billion by the end of the year, Jadwa said." We'll take the under
Was it you that mentioned something like 'Peak speech inversion' or something like that? Check this out:
Should the first in a queue be served last?http://www.bbc.com/news/magazine-34153628
Strange, I wonder what the goal of that one was.
Seven years of dip buying, what did you expect?
helicopter money
Go bitcoin but I'm not certain of the capital controls flight through bitcoin because if the markets tank and bitcoin starts lower after being loaded with capital flight money then whooosh bitdust. Be cautious people will be wanting to convert it to something else very quickly.
This is just weak charting/reporting.