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Crude, Stocks, & Bond Yields "Suddenly" Spike
Did someone leak the statement (again)?
At precisely 10am ET, everything jumped:
... Led by Crude, where 17,000 lots went through WTI Crude to smash it higher:
As Reuters reports,
Oil prices jumped more than $1 a barrel on Wednesday on what traders said was a trade by a big algorithmic trader, ahead of weekly crude inventory data from the U.S. government.
Global benchmark Brent was up $1.25 at $48.06 a barrel by 10:17 a.m. EDT (1417 GMT), hitting a session high of $48.60. U.S. crude rose $1.39 to $44.59 a barrel.
There were less gains in earlier trading as the market awaited inventory data from the U.S. government's Energy Information Administration.
"Definitely more of an algo trade," said Tariq Zahir, a fund manager in oil, describing the price spike. "I would say that it's more of an algo trade because the spread market isn't reacting to crude being up $1.33."
Another ETF glitch? USO volume exploded as shown below.
According to some this was just shot covering in the energy complex
pushing the entire market higher. Maybe, or did "boots on the ground"
chatter in Syria finally flow through?
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New highs in Silver, the bear market in metals over folks....time to start bull market strategies.
Silver is breaking out - challenging two year resistance
http://www.goldsqueeze.com/analysis/silver-attempts-breakout-its-all-abo...
Silver? Look at Bitcoin
Bitcoin is garbage.
Another fiat.
Vote up! 1
Vote down! 0
New highs in Silver, the bear market in metals over folks....time to start bull market strategies.
Is that you Eric King? ....................or is it James Turk...................or Mike M?
What part of naked shorts to infinity with impunity left room for interpretation?
Out of interest GMS, which instruments/commodities/equities. aren't you allowed to naked short? I know they introduced new laws many years ago but I can't remember what they applied to and whether they were short term measures.
http://awesomegifs.com/wp-content/uploads/Stop-Hammertime.gif
Yes! Higher prices! I fucking love getting screwed!
You know, I'm no longer worried about a crash. More worried about the market chopping sideways at roughly these levels for, say, the next 10 years.
Love how the US hjas decided to sell some crude from the "strategic reserve"...in order to raise spending, not to lower the deficit.
I don't know why Gubmint would even bother going thru the trouble...just declare spending is increased and hand some more free money to the banksters. There, done.
Sell low, buy high.
I've been thinking that same thing. It makes it easier to take that bitchy phone call if the whole system falls apart. If we keep this crap up for the rest of my career, I'm going to go broke pounding bottles of Crown.
There you go predicting the future again. The 30 year Japanese stagflation- coming to a bankrupt country near you.
Sure....I shorted ES at 9:58!!
it was me. i leaked a little.
gosh... who would that be... looks like a few GS and JPM guys are going to get their 7 figure bonus again.
Now let's lure the lemmings in for a rally and it all on their asses by januari.
API estimate for crude inventories: http://news.forexlive.com/!/api-crude-oil-inventories-barrels-20151027
EIA release at 10:30 am ET.
EIA release: 3.4mill barrel build.
Stores at 480mill barrels vs 491mill barrel peak in April 2015.
Full Disclosure: I still have silver I paid $40+ for.
I dollar-cost-averaged and got some of it down to about $30.
don't we all? At least the people that have been following PM's for a while
Full disclosure: I still have bars I picked up at $6/oz
I have some from $12. I think I had the absolute highest priced Silver Eagle ever sold. I feel both smart and stupid.
It all averages out when you keep stacking.
Buy an equal amt now- avg in at 29.
QQQs aren't doin' much, while the Russell is a mirror image of yesterday: outperforming other indices by > 1% in a huge ambush after getting routed yesterday. Makes you wonder if TUES action was big rebalance program trade from IWM to QQQ pre-AAPL that's being reversed today, or simply vapor-lifting in the vacuum left behind. QQQs almost look like they wanna fill part of that big gap, but 'someone' seems to prefer horizontality till year-end
Good job. You failed to mention the HFT savior. Wallstreet is so fucked. We should rebrand it as a Lottery/Casino.
Hampton properties are going down. Weather is too cold. Let their assets freeze, buy the ghetto property. 90% don't own the house deed. Just people pretending to be wealthy.
True fact.
Double post thanks to Marco Island Comcast shitty service for $105/month. Using my WiFi and two weeks without cable TV. I could care less. We really get information by the interweb. Cable TV is a joke. IMHO. This is a rental property, some fucker renting from us needs his propaganda.
The large block of smart money 68 TNA calls were sold in the last few minutes...2260 calls dumped...OI was 2752 coming into the day...sizeable
I dumped my 72's likewise
We've seen these pump and dumps into Fed the last several statements
Yes indeed, recent trend, I think they take advantage of the lower liquidity on Fed days. My new method tweak kept me out of any foollish short, but also any long, so I may consider the reversal, or more likely forget today and try again tomorrow. Good luck and nice job of profiting from this little ambush, can never complacent with RUT, can you (!!)
Indeed...never turn your back on her...this sort of crap is the reason I pick up longer dated calls on days like yesterday when they get cheap....if this keeps up through Friday, I'll be rolling to them again...just keep rolling till she runs out of gas. GL today. Might be a good day to take a Loooooong walk...and come back after 4.
give it 7 minutes to find out about 10 million barrel build of oil investory and the reversal
AAAAND the board dunce cap goes tooooo....
LMFAO! Nothing to see here, move along smartly, keep buying stawks.....LMFAO!
Why do the algos seem to shoot oil almost exactly $1 higher every time this shit happens?
Is that the pre programmed stop run?
Don't ask why
-Algos™
adr,
Take a moment to be grateful. Some oil producers are selling their product below cost.
FANG not participating. Seems like there's rotation going on.
Keep pummeling the volatility and EVERYTHING will be green.
good times
Nothing leaked Wall St is just wising up to the charade.
Just capitalism at werk!
Where is there capitalism? capitalism? Free markets? Now those are terms that I haven't heard in a long, long time.
I hear about them all the time, just haven't seen them for as long as i've been around.
More likely the Fed voted to hold rates a few minutes before, so that they could now work on the wording of the statement. Of course it was leaked!
John Boehner approved Jack Lew's national debt ceiling crisis.
Same shit. Uncountable public servants.
Uncountable | Define Uncountable at Dictionary.com
Lew: Raise debt ceiling to avoid 'terrible accident'
Don't even need cocaine anymore for this market. Just pretend we might raise interest rates, as if we could, and then say- not now, maybe later. Glad to see the banks are taking the free money that American taxpayers will have to pay for, and putting it into the stock market.
Okay, I think I've found a inside trader why knows about these bond jumps 1 day in advance.
I've seen it already a few times and if it's right, tomorrow they'll retrace back down.
Buy the rumour, sell the news.
According to my own developed cyclical model, we'll see a HIGH for the S&P500 OCT 29/30 (10 cycles lining up, massive!) after which wave 2 will take us to the low 2000's (38.2%) or 1950 (68.1%) to form a Higher Low for wave 2 down. After that, the sky is the limit once again.
http://tripstrading.com/2015/10/28/tripsalert-oct-26-sp500-and-dax/
http://tripstrading.com/2015/10/20/sp500-tripstrading-cycle-model-3/
Flash crashes only happen on the way down people. This was obviously an efficient market reaction.