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S&P 500 Tumbles Into Red For 2015, Breaks Key Technical Support
The S&P 500 (cash) index just broke back below the crucial 200-day moving-average (at 2,064) for the first time since the Paris terror attack rally began. This has dragged the index back to unchanged year-to-date with only Nasdaq holding gains in 2015.
S&P breaks below the 200DMA...
Giving up all its gains YTD...
As Trannies give up post-Paris gains...
And as for FANGs - maybe just call it NFLX!!
Charts: Bloomberg
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...again. yes, cash is king. Now BTFD!
no fucking way!!!!
"UC Berkeley professor Annette Vissing-Jorgensen and her research team have discovered evidence that the Federal Reserve regularly leaks information to certain investors and media outlets, leading to a spike in stock returns. In the study, Vissing-Jorgensen and her team discovered a biweekly pattern of high return rates that occurred after each meeting of the Federal Open Market Committee and on the weeks of closed Board of Governors of the Federal Reserve System board meetings. According to the study, this suggests that information leaked from these closed meetings is what drives the pattern, which the researchers have concluded could have positive effects on the market."
http://www.dailycal.org/2015/11/30/uc-berkeley-professor-research-team-f...
What are trannies?
Tranportation stocks. I nearly went hyper-snark on that question though......
Bruce Jenner
your mother was a tranny
https://en.wikipedia.org/wiki/Dow_Jones_Transportation_Average
A signifigant turn down? Unpossible.
The tards over @CNBS are doing their BTFD infomercials and ignoring the carnage as usual.
Morons2x
Not morons.
Well-paid shills.
I guess someone told Mr. Algo it was a terrorist attack and not some white guy killing co-workers.
is it 3:30 yet.....?
i stole that...just sayin....
What gave it away was the early plunge toward key index DMAs by 10:30, followed by a ferocious ramp back above Unch by the Europe close -- this is the classic algo pattern indicating there's more to come, allowing them to both crush post-open retail shorts to 'worst case' stops then reload. Thus, traders conservatively electing to stay out until Yellen's testimony was underway (like yours truly), annoyed at missing one of the better opening dumps in 3 weeks, were able to get back aboard at Unch (myself on the favored TZA train) and ride back down.
The remaining question is, with 3+ hours left but with the big JOBS Report tomorrow, will we see further carnage to the next lower DMAs, another 'magical' rebound back toward Unch by hedgers expecting a JOBS miss or, perhaps choice "c" in the algo playbook, carnage till 2:30, then a ramp back to index 20 DMAs?
Got off the Tilt-a-Whirl w/ a profit and will call it a day, but wish those traders courageus enough to continue the ride the best of luck. KCS
Thanks for the breakdown!
Yellen collar...ya, that's what we put on dogs
All 1oz Silver coins are €12 @ EurGold
https://www.eurgold.eu/silver/silver-coins/
Wait till the last 10 minutes. Unicornz bitchez.
Look at the indices and stawks now below their close on the Aug 24 collapse: Retailers XRT for one. We could be headed for the other kind of black Friday:
http://stockcharts.com/h-sc/ui?s=XRT&p=D&yr=0&mn=6&dy=0&id=p87072071278
Bullish PPT
More DMA horseshit. Someone explain the mathematical validation for the 200 DMA as a trend "indicator" rather than 195, 204 or 183 1/2 or any other DMA.
Arbitrary, human chosen. The people programming the algos have to program them to react to something so look at what historically humans chose to react to and cram that in there and wa-la, that's the new magic number all markets seem to magically move to.
Netflix is outperforming due to the terrorist attacks. People will be afraid to go outside so they'll watch more bullshit on netflix. Netflix can probably make some extra profit on the side selling the data on viewing habits to the NSA too, or maybe they'll even embed spying software into the netflix apps. It's a brave new world out there, gentlemen.