Volume-less, Range-less 'Market' Sparks Largest Small-Cap Short-Squeeze In 2 Months

It's one of those days...

The last 4 days have seen the largest "short squeeze" in 2 months...

But the broad market went nowhere...

As Small Caps (heavily shorted) surged...

On the smallest range day of 2015...

The market was glued to VWAP most of the day...

On the week - absent the Russia-Turkey dump'n'pump the market has traded in a very narrow, well managed range...

Treasury yields drifted very modestly lower today...in an extremely narrow range...

Credit remains decoupled...

But decoupled from stocks...

Draghi jawboning oin ECB's 2-tiered QE sparked EUR weakness, USD strength early on but that faded fast as Europe closed...

Commodities all followed the same (inverse) pattern to The USD today with Crude's beta the greatest...

Oil and stocks continue to pay nice and decouple...

Crude gamma growing...

Charts: Bloomberg

Comments

[WTFRLY]

The show seems to be right on schedule.

[Hype Alert]

It looks very familiar with last year at this time.  We'll see if Friday and Monday look the same.

[Squid Viscous]

let me guess... limping higher so the sheeple can blissfully shop till they drop?

[pebblewriter]

TPTB love the holidays, don't they?  No volume = much cheaper to push stocks around...

[sun tzu]

I hardly see anything on the idiot box about black friday this year. That means sales will be better than expected and another Santa rally is on the way.

[RawPawg]

yeah,i know this is not the place or proper avenue to express this,but my only wish is

Peace On Earth,And Good Will Towards Men

Happy T'Giving Fellow ZH Bro's(and Sista's)

[pebblewriter]

Thanks, same back to you.

[SILVERGEDDON]

It's not a market - it is just different parts of SkyNet arguing with one another over yield.

[buzzsaw99]

Is this your pen?

[Rainman]

I get it ... just enough green to give the Black Friday shopping hordes some CONfidence

[slaughterer]

Black Friday / Cyber Monday "data" will be mind-blowing bullish. Expect all-time highs next week amidst screaming CNBC whores.   It is all to predictable.  

[JamesH]

how do you get the job of making up numbers? i can do that

[pebblewriter]

Another day of CL and USDJPY jockeying for #1 algo fuel:

http://pebblewriter.com/tag-teaming-stocks-higher/

[Chia-Pet]

Bullish Santa

[maxamus]

Don't short a boring market.