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Stocks Double-Dump As Dollar Slumps & Crude Pumps
If you did not use this phrase today at least once then you are not paying attention...
It all started with some manic manipulation overnight... in Asia...
And The US - S&P e-minis were halted twice...
But the equity algos flip-flopped between JPY and WTI Crude as the momentum igniters on the day... until NYMEX closed and ruinbed the game...
Trannies gapped higher at the open (but closed below their opening print) but everythijng faded in the afternoon
Note that it appears S&P/Dow's failure to break overnight highs saw the rollover in stocks...
On the week, everything is green with Trannies soaring...
Avon may be sums up the craziness in today's market...
But everyone's favorite hedge fund hotel saw losses accelerate...
VXX (VIX ETF) saw another short squeeze in the afternoon (ahead of OPEX tomorrow)... but then eveything went nuts again in the last few minutes and VXX was crushed...
VIXSmash algo losing its mojo!!
Treasury yields were in general a one-way street despite the pump and dumps in stocks - some strength in bonds on weak inventories...
The US Dollar lost ground from the moment weak inventories data hit...
Crude surged (after the algos actually read the DOE data and saw production dropped), copper gained and silver and gold lifted on weaker dollar...
The Crude slide is not over yet as the Volatility decoupling will get realizsed...
Charts: Bloomberg
Bonus Chart: Everyone looked at Brazil charts today.. so here is one you didn;t look at - Petrobras recently issued 100Y Bonds... which are now trading at 70c on the dollar - still "money good'?
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Algos out of control today. What a fucked up day. This is why I buy whiskey at Costco. Hopefully Gartmans coin flip lands on 'long of' tomorrow.
Shit. We don't have that luxury here in Pennsylvania. No liquor for sale outside of "state stores". It's like the 1920s here regarding alcohol.
Home brew ;)
http://www.whiskeywise.com/homemade-whiskey.html
Does PA still have the case rule for beer?
When I spent a summer in Pittsburgh, you could only buy beer by the case.
Indeed, it does.
i make beer (legal) but dont want to do time for making whisky (bastards)
Ok, but mushrooms grow there.
The manipulation in the final 30 minutes was so obvious, market clearly wanted to go much lower, but PPT's success much less than it used to be!
?Deposed Guatemala president blames Joe Biden for his removal, imprisonmenthttp://tinyurl.com/qcnoa8a
And Joe was actually trying to get rid of Putin.
Rivals the opening scene in the movie The Party where Peter Sellers has the longest most protacted and painful death scene in cinematic history
fake ass fucking fraudulent "Fraud Markets..."
wow, look at that!!!another stick save in the last minute to get them off the lows goin into the close....
u never see that happen.....
You're complaining about a casino that rigs their games so that they win every time...wait that's how casinos stay in business right? Only way for you or I to win is to not play.
I'm going to watch The Road tonight or maybe Wargames.
Anyone that's still got money in that Ponzi deserves what they will get.
I just want to share this.
High of day on S&P: 1965.29 or 1911. Low of day on S&P: 1937.19 or 1919.
Final score on S&P: 1952.29 or 1999.
So, I guess tonight, we party like it's 1999, for tomorrow is 911.
And that's the 411.
The confusion is getting obvious now and I expect that the going is about to get weird......
“Ask” by The Smiths
Bullish is nice, but bullish can stop you
From enjoying all the market returns you'd like to {Repeat}
So, if there's a short you'd like to try
A stock that you think will dive
ASK ME! I won’t say “No” How could I ?
SPY calls are nice, but SPY calls can stop you
From fading all the falling knives you’d like to
So, if you see overhead supply
And there’s a put spread you’d like to buy
ASK ME! I won’t say “No” How could I ?
Spending a long bullish phase in cash
Reading frightening letters
From the nincompoops on Gartman’s staff
ASK ME, ASK ME, ASK ME !
Because if it's not doves
Then it's the yuan, the yuan, the yuan, the yuan, the yuan, the yuan
The yuan that will make them surrender
FOMC’s in a language you can’t read
The Fed has its own language, can’t you read?
So : ASK ME, ASK ME, ASK ME!
Because if it’s not doves, then it’s black swans ...
have you done "saved by zero" by the fixx yet? might be a good one for after the shemitah weekend
https://www.youtube.com/watch?v=euBzxXFEuA4
That's funny I was literally listening to that 5 minutes ago while driving home. It's a good tune, may also be pertinent.
i was listening to it on my mp3 player reading kcs's lyrics and it seemed it might be appropriate
I heard "I don't like Mondays" a few weeks back and it may also be a good candidate if you haven't covered it.
Actually, I did start one for that Boomtown Rats tune a long time ago after we were seeing big ramps every Tuesday, but I never thought it had enough promise to bother finishing it. In case you're curious, this is all I had:
I DON’T LIKE TUESDAYS – Boomtown Rats
The HFT chip inside her head
gets switched to overload
and nobody's gonna buy stocks today
she's going to make them stay at home
and daddy doesn't understand it,
he always thought she was biased long
Tell me why ?! ‘ I don't like Tuesdays’
Tell me why ?! ‘ I don't like Tuesdays’
‘I want to short the whole day down…’
Thanks for reading. I'm not familiar with what shemitah is, but I stopped doing new ones a few weeks ago, and have been working down my inventory, which had somehow grown rather large (I suspect trolls may be writing these things at night when I'm asleep). I may be taking a break in a week or two, depending on market conditions, given how time-consuming it can be. Of course, every time I've said that in the past I immediately hear a tune and get another idea, so we'll see ...
K-Hen sapping juice from all of Manhattan trying to keep crude propped up. That pile of shit is getting ready . . . . . . . . . . .
Can't wait to see the skeletons from all of those "Shale Oil Miracle" high yield bonds.
Apple has the least inspiring product conference since before the launch of the iPod and is up around 2.5% - perfect microcosm of this market right now. Jamming it higher to unload
maybe a Steve Jobs hologram next time,or a free Samsung Galaxy with their stupid pen or watch
Maybe it'll end when even the racketeers can't keep up with it, and finally have enough...
Un,
Fucking,
Believable already...
m
Trying to peg at a strike on Friday is going to work really well when they have not set a floor for the week yet. Last chance will be overnight and they better hope nothing goes wrong when they try and manufacture a bounce.
The Yen is still not impressed.
did the squid underwrite those pbr century bonds? only a muppet would buy that crap. a hundred years from now humans will be back to living in caves.
...On the roads it was a white line nightmare. Only those mobile enough to scavenge, brutal enough to pillage would survive. The gangs took over the highways, ready to wage war for a tank of juice. And in this maelstrom of decay, ordinary men were battered and smashed.
Except for one man armed with an AK-47, and a Honda full of silver.
Thanks, Mel.
The "trannies gapped higher" thing always makes me cringe.
Trannies gapped higher at the open (but closed below their opening
Makes me check what website i am on.
BC, you beat me to it by one iota.
Trannies gapped higher at the open (but closed below their opening
Makes me check what website i am on.
BC, you beat me to it by one iota.
Good thing there is plenty of chart porn.
dum dee dum. just waiting for the BOJ open at 8PM NYT. Looks like they don't ramp right away but wait an hour or two to make it 'last longer'. heh.