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Stocks End November With Nothing Despite Biggest Short-Squeeze In 6 Months
Black Friday sales were crap (yes including online), and economic data this morning was dismal... and still stocks did not rally!!
Trannies have given up their gains for the month and The S&P is practically unchanged - as the Small Cap squeeze is very evident...
(November saw "Most Shorted" end up 0.25% - the best gain in 6 months)
As Stocks fail once again to hold the October payrolls cliff-edge...
But for November, Crude oil and Gold were the biggest losers, stocks eked out gains as the long-bond dropped modestly and EUR fell 4% against the USD...
China's afternoon session rescue bid...
Provided the pre-market ramp in futures for US markets, but the selling began as US opened...
On the day, The fabled FANGs went red... (just remember Cramer said not to sell)
And that weighed on all major indices (although Trannies were weak from the start as Crude gave up overnight ramp gains)...Small Caps broke a 5-day winning streak
The USDollar oscillate in a narrow range around unchanged today (early JPY weakness reverted)...
Even as the Offshore Yuan surged...
Treasuries rallied after China closed and accelerated as US opened...
Credit markets notably weak in November...
Commodities were mixed today...
With gold's best day in over a month...
Crude surged overnight for no good reason whatsoever aidse from algos need to run stops above Friday's shortened close, then dumped it all as US opened...
Charts: Bloomberg
Bonus Chart: As @NanexLLC explains, 10% of all S&P 500 futures volume since midnight occurred between 15:59:50 and 16:00:10...
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Crude got to my 42.50. Set my shorts.
"Black Friday", followed by "Cyber Monday", then "take my money Tuesday", then followed by "weeping consumer Wednesday", then "Filed for Bankrupcy Thursday"
LOL true.
The 'new' Black Friday is the first day of Hannukah
Price is most accurately "discovered" in twenty seconds at 3:59. Efficient markets.
Stock buybacks. Short squeezes. And still nothing !!! They must be running on fumes at this point.
wonder if they know who's responsible for the misery they r about to experiance.....
http://billingsgazette.com/news/state-and-regional/montana/montana-gold-...
There is that Dow 17760 again.
Need Shkreli to buy another bankrupt company to keep markets up. That, or SantaMario.
Yes, BF was crap both click and motor. But you'd never know it by talking to the sheepistanis. The local MSM is screaming about hand over fist buying.
I always get a kick out of watching this manipulation. They will keep it going right thru mid January and sometime around mid Feb you'll read a retraction on Page 14 lower left hand corner about how sales were actually down 15% from last year.
Plainly the idea is 'well they say my neighbor can afford all this shit, so apparently I can as well so fuck it!'. This is the same conceptulizing the CMNBC crowd uses for stalks in a slightly different vein.
I sort of enjoy being in the Twilight Zone.... until the SHTF that is.
How was VIX down with mkt firmly in red?
Someone playing out of tune?
Help Wanted : Greater Fools, unlimited downside potential.
Puerto Rico having MOA yard sales tomorrow
Black Friday, Cyber Monday....when is "Fuck You, Pay Me" day?
The day after you die
Despite the Russell's solid red, wickless Daily candle, IWM (along with other indices) provided a truly annoying trading day, driven by month-end chicanery, pre-Draghi, pre-Yellen and pre-JOBs volume-less positioning, didn't really move decisively until after Europe closed, then managed to retrace to that noon starting level in a 3:45 VWAP magic act. But still, you algo scum -- I got my 1.0% in 2 TZA trades, knocking off an hour early, missing your late horse-hockey gymnastics -- so eat shit.
To be fair, it must have taken a Herculean effort to keep that turkey from crashing through the floorboards - again.
Why, without their magnificent plunge protectin' we would have had ratmeat and dandelions for turkey day, don'cha see?
DJIA looks about the same level it was one year ago.
Is that a PERFECT double-top forming on the dow?
Look like 'reloading for December' in stocks has started early....SnP futures up over 10 points already tonight!