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Spot The Difference

Submitted by Tyler Durden on 10/13/2015 10:51 -0400

Welcome to your new normal - single-factor- 100% correlated "markets"...

China import implosion? German sentiment collapse? UK deflation?

Nothing a little USDJPY/XIV ramp can't fix

— zerohedge (@zerohedge) October 13, 2015

Chart: Bloomberg

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Tue, 10/13/2015 - 10:54 | 6662725 highandwired

Got silver bitchez?

Tue, 10/13/2015 - 10:58 | 6662743 Consuelo

Some. Got ammo...?

Tue, 10/13/2015 - 11:07 | 6662802 highandwired

Sure do. And in other news, bitcoin is up over 25% since it bottomed at the end of August

Tue, 10/13/2015 - 12:36 | 6663171 mtndds

sneaky phuckers.

Tue, 10/13/2015 - 10:56 | 6662729 bluskyes

There has to be an abitrage opportunity here...

Tue, 10/13/2015 - 11:08 | 6662748 Keltner Channel Surf

Too early to tell, but unless it turns now or at the Europe close, this has the makings of a low-volume day where shorts are totally fucked, w/ IWM moving toward the Daily Keltner top, and COMP & SPX toward their 200 and 100 DMAs, respectively. RVX, the Russell Volatility Index, is bein' abused, baby seal-like currently.

Shorts'll hope they're just suckin' 'em in for a mid-day turnabout ... but the fact that only IWM's 2m charts, not the 15m or HRLY, has seen ANY hint of retracement, is not a good sign for bears. Overall, this could be a key day in the bull/bear battle.

Tue, 10/13/2015 - 12:02 | 6663041 Keltner Channel Surf

Good for the Bears -- they clawed QQQ and IWM back to Unch/VWAP & vol backed up, next move will be key ...

Tue, 10/13/2015 - 11:00 | 6662756 madbraz

any questions, please contact the NY FED. they just don't give a crap if it's obvious intervention anymore.

Tue, 10/13/2015 - 11:08 | 6662807 oklaboy

now that is a coincidence.....

Tue, 10/13/2015 - 11:09 | 6662817 tictawk

The daily and weekly chart of the USDJY is FLAT. So I understand the above chart. I just dont see how the Yen dollar price affects the US markets.

Tue, 10/13/2015 - 11:10 | 6662818 undercover brother

Not only is a crash out of the question, so is a sustained and controlled market correction.

Tue, 10/13/2015 - 11:15 | 6662852 tictawk

The market action this week is mostly related to OPTION EXPIRATION. There are more than 2:1 put/calls on Options on futures and that is probably why the market refuses to go down. The put sellers are mostly investment banks are looking to keep the market here for the rest of the week and burn out the put premiums.

Tue, 10/13/2015 - 11:18 | 6662874 nakki

In a world where the Yen is still a major currency after QE 12. Mark to fantasy, non GAAP accounting and rehypothecation of assets is equivalent to fractional reserve lending. Central banks buy securities with freshly print money, and fraud is accepted and legalized this is what we get.

I'm pretty sure this ain't "capitalism", would make Charles Ponzi blush, and Bernie Madoff laugh. Free John Corzine!!!

Spot The Difference

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