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Markets 'Bounce' As Oil Margin-Call-Plunge Sparks Buying-Panic In Energy Stocks

Tyler Durden's picture




 

Initial and continuing claims surge dramatically and Crude slammed to 12-year lows inflation-adjusted, so energy stocks rip and lift stocks magically...

h/t @NorthmanTrader

 

Energy stocks love new multi-year lows in oil...

Longer term...

 

And led the entire market higher today... but a late-day collapse in crude  (which looked like forced liquidation) spoiled the party

 

Small Caps bounced hard into the close as Trannies won on the day

 

But all majors remain underwater on the week...

 

Gunmakers were briefly sold today, but that dip was ripped...GUNs Trump FANGs

 

FANGs not happy this week (but remember Cramer said "don't sell")

 

Credit markets notably decoupled...

 

Treasury yields inched higher today with the long-end outperforming (bear flatteners)...

 

The US Dollar drifted higher today but remains notably below ECB-fail day lows...CAD remains weakest (note the surge in AUD after last night's ridiculous jobs data)...

 

As Yuan keeps plunging...

 

Finally, commodities... Gold, silver, and copper tread water in the green as crude collapses post-OPEC...

 

And on the day crude tumbled early after the monthly OPEC report showed increase to fresh 3 year high output...

 

Now down dramatically post-OPEC...

 

Finally, we note that on an inflation-adjusted basis, WTI just hit a 12 year low...

 

 

Charts: Bloomberg

 

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Thu, 12/10/2015 - 17:08 | 6906646 WTFRLY
WTFRLY's picture

Surely they can keep the lid on things until after Christmas, New Years.... "It's Christmas"  *Home Alone Mom voice* 

Thu, 12/10/2015 - 17:10 | 6906656 order66
order66's picture

Never underestimate the cluelessness of dip buyers and blind reachers of yield.

Thu, 12/10/2015 - 17:27 | 6906732 El Oregonian
El Oregonian's picture

The mirage of money... It only looks good from a great distance.

Thu, 12/10/2015 - 17:36 | 6906775 quintago
quintago's picture

so you prefer to buy at the top?

Thu, 12/10/2015 - 20:57 | 6907586 Lets Buy The Dip
Lets Buy The Dip's picture

market breadth is saying more up in 2016, for the stock market, so I doubt this is the top. We still 2 years or bull market left. 2015 was a sideways year. Fancy that. 

spx chart here ==> http://www.bit.ly/1fMcakI  WHOA! = ASCENDING TRIANGLE PATTERN! 

Probably some big moves on the stock market coming to a town near you! :-)

Thu, 12/10/2015 - 17:11 | 6906660 J S Bach
J S Bach's picture

The cheesy Hulk video was awesome.  I don't know if he could throw a bull though - when the real panic selling hits Wall Street.

Thu, 12/10/2015 - 18:25 | 6906970 Implied Violins
Implied Violins's picture

Putin says we are watching that video backwards.

Thu, 12/10/2015 - 17:32 | 6906755 G.O.O.D
G.O.O.D's picture

There is absolutely no guarantee and don't call me Shirley

Thu, 12/10/2015 - 17:40 | 6906791 Sudden Debt
Sudden Debt's picture

I'm getting old :) Damn! 3 more weeks and it's 2016! Fuck time flies by!

Thu, 12/10/2015 - 17:56 | 6906857 Reichstag Fire Dept.
Reichstag Fire Dept.'s picture

Those MoFos are WAITING for Christmas! Remember when the Fed Reserve Act was signed?! :(

Thu, 12/10/2015 - 17:09 | 6906650 Kaiser Sousa
Kaiser Sousa's picture

and here is ur market recap for the day...

ITS ALL TOTAL FUCKING BULLSHIT.

until tommorow....DEATH TO THE MONEYCHANGERS and thanks for watching.

Thu, 12/10/2015 - 17:22 | 6906713 WTFRLY
WTFRLY's picture

That is the first rule. Death to the New World Order. Other things are negotiable.

Thu, 12/10/2015 - 17:29 | 6906745 g'kar
g'kar's picture

any excuse works to boost an index and provide cover for the fed stock buying program

Thu, 12/10/2015 - 18:24 | 6906961 JuliaS
JuliaS's picture

The market is an algo that analyzes daily dominance of bets and steers the index in opposite direction in order to extract maximum profit.

Imagine a captain of a sinking ship that has to get rid of passengers. He tilts the boat one way, sending all the passengers to run for high ground, then he rapidly changes direction, sending half the crowd flying overboard while the remaining members relocate starboard to port in order to be tricked again.

Thu, 12/10/2015 - 17:10 | 6906653 silverer
silverer's picture

Anything for a return.  Anything.  ANYTHING!  (No bears were harmed in the filming of this announcement).

Thu, 12/10/2015 - 18:16 | 6906939 breadonwaters
breadonwaters's picture

Damn, i had to sign in just to say "Siverer, that was FUNNY!"

Thu, 12/10/2015 - 17:17 | 6906688 offwirenews
offwirenews's picture

Thanks ZH, I always get the much needed middle of the day laugh from all the charts and gifs explaining the "markets".

Thu, 12/10/2015 - 17:21 | 6906707 RawPawg
RawPawg's picture

throw LONG...Lou Ferigno

 

Thu, 12/10/2015 - 18:01 | 6906869 Kirk2NCC1701
Kirk2NCC1701's picture

Lou and Arnold were close friends as body builders.  

In the movie Pumping Iron, you got to see that only one of them had a brain and a plan to fame & fortune.

Thu, 12/10/2015 - 17:23 | 6906712 G.O.O.D
G.O.O.D's picture

And in other news: shoots stabbings muslim rapings bombings murders rahm pants shitting #nolifematters.

Thu, 12/10/2015 - 17:23 | 6906719 Thisisbullishright
Thisisbullishright's picture

The USSA is going to look like that fake bear as it is flung into the dustbin of history...

 

Thu, 12/10/2015 - 17:35 | 6906768 Rainman
Rainman's picture

I'm pretty sure the skipperz can keep this ship afloat til year end 2/20 postings ... but what do i know ?

Thu, 12/10/2015 - 17:47 | 6906812 yogibear
yogibear's picture

The USA of Chicago.

Chicago comes to your town! If you like Obamacare and Chicago finances you'll like the rest of what the liberals want to shove down your throat. 

Hillary Wants Chicago Gun Laws Nationwide

http://www.thefederalistpapers.org/us/hillary-wants-chicago-gun-laws-nat...

 

Thu, 12/10/2015 - 17:47 | 6906815 stant
stant's picture

Jesus left Chicago and he's bound for New Orleans . Heehy hey

Thu, 12/10/2015 - 17:54 | 6906851 frankly scarlet
frankly scarlet's picture

on that cheery note we can assume all is per usual within Treasury as PPT and ExSF as run by the Bnaksters has everything "well in hand".

Thu, 12/10/2015 - 18:03 | 6906879 surf@jm
surf@jm's picture

What was that figure?.......70% of market is computer driven?......Its a real tough algorithm........Bad news, No FED increase, buy stocks.....Good News, FED may increase, sell stocks......

A stock market thats "inversely" proportional to the state of the economy, and "inversely" proportional to the state of a companies bottom line. created in the "perversely" mind of Ben Bernanke .....

Thu, 12/10/2015 - 18:04 | 6906882 MuleRider
MuleRider's picture
Markets 'Bounce' As Oil Margin-Call-Plunge Sparks Buying-Panic In Energy Stocks

 

Methinks the quotations are misplaced.  The bounce was real; it's the "markets" that are fake. 

Thu, 12/10/2015 - 18:32 | 6907004 Yen Cross
Yen Cross's picture

 

 Look at the[current afterhours/CFD/futures] DoW and ES charts M-5... They're mirror images of themselves.

 You can throw DAX, and NDQ in as well. The markets are so thin, and co-ordinated, it's pathetic.

 I opened a few trades earlier, but I'm not going to say what they are. One is in the money, and the other is even.

Thu, 12/10/2015 - 18:42 | 6907046 Lumberjack
Lumberjack's picture

After hours looks very interesting...

http://www.marketwatch.com/investing/stock/sune

 

 

Thu, 12/10/2015 - 18:58 | 6907108 Keltner Channel Surf
Keltner Channel Surf's picture

This week, Tues and Thurs were among the most difficult for RUT intraday trading all year, complete spikey hell (and SPY doesn't look much better).  However, instead of being coordinated, I actually think we're seeing something new:  instead of the constant bid below the market we've had for 7+ years, we now have consistent, powerful selling pressure that turns every respectable green bar into a stiletto-healed strumpet by its close.  In fact, IWM hit Unch at least once with each of the first 4 hourly bars then, after gaining nearly a full percent, came close to hitting Unch on the final bar's lower wick, sharp enough to poke a bull's eye (or bullseye) out.

Thu, 12/10/2015 - 20:10 | 6907393 Yen Cross
Yen Cross's picture

  I should take more time to compare strategies with you.

 You love that RUT. ;-)

Thu, 12/10/2015 - 20:09 | 6907391 Phoenix901210
Phoenix901210's picture

So, not a good day then?

Time for a rate hike I think!

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