Bullard Bounce 2.0 - Stocks Surge By Most Since September; Bonds, Dollar Flat
Bullard's back bitches!!!
The "intervention" began overnight as The National Team stepped in to China's most tech-heavy index ChiNext for a 9.5% rally rampapalooza off the opening lows
Then "He" spoke and the market obeyed... Dow surged 411 points off the lows - Even better than Bullard Bounce 101 (a 400 point bounce)
Will it be deja vu all over again?
It does not look like it - S&P Futs were ramped to VWAP then stalled, then ramped to Tuesday's cash close... then dumped...
However, despite today's epic Bullard Bounce, Small Caps are still suffering the worst start to a year ever...
The day started off as usual with a purge as overnight strength/stability was dumped at the open... but then Bullard Spaketh The Gospel Of StickSave and algos took over levitating with crude, then handing off to USDJPY once that ran out of steam...and then JPY handed off to VIX in the last hour...
Today was a very good day for US equities...At the highs, things were awesome...
- Nasdaq up 3% - best day in 5 months
- S&P up 2.2% - best day in 4 months
- Russell 2000 up 2.2% - best day in 3 months
- Dow up 1.9% - best day in 5 weeks
Before the end of day weakness...
It seems Bullard's Bounce did nothing to reduce the size of the policy error post Fed rate-hike...
FANTAsy stocks v-shape recovered...but dumped into the close..
VIX decoupled through the middle of the day but then was initiated for momo in the last hour...
Overall credit markets rallied but remain notably decoupled..
Energy credit markets spiked 35bps wider today despite oil's rally and energy stocks' gains...
Treasury yields trod water largely soaking up a weak auction and yesterday's huge supply from Inbev...
The USDollar Index flip-flopped after ECB comments early ending the day almost unchanged...
Commodities very mixed with gold and silver slammed and copper and crude ramped...
Silver was capped atits 50DMA...
The oil move looks a lot like an algo stop-hunt... ahead of OPEX tomorrow...
Charts: Bloomberg
(11 votes)
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i starting writing this around 8 this morning at which point the fucking Dow was down 6 points only to witness it elevator rip over 150 points in a matter of a FEW minutes….and now with the dow erasing almost all of yesterdays fucking losses on the every day 30 minute closing ramp to the highs riddle me this mother fuckers….
EXACTLY WHAT WAS THE POSITIVE MACRO-ECONOMIC DATA OR NEWS TODAY THAT COULD LEGITIMATELY BE SITED AS CAUSE FOR THE MOTHER FUCKING DOW ROCKETING OVER 300 POINTS TODAY WHILE AT THE SAME TIME THE FUCKING PHONY PAPER GOLD AND SILVER MARKETS R SLAMMED ONCE AGAIN ON THE NY OPEN ON THEIR WAY RIGHT BACK TO THE THE LOWS OF MONDAY MORNING MOTHER FUCKERS????
AND DONT GVIE ME THAT “BULLARD/BASEL BULLSHIT” EITHER….
ALL DAY YESTERDAY I LISTENED TO THOSE ASSWIPES ON CNBS AND BITCHBERG SCREAM WITH GAS FACES ”BUT THERE’S NO REAL CATALYST FOR THIS SELLING"
AS THESE PHONY ASS BULLSHIT MARKETS DID WHAT THEYVE BEEN TRYIN TO DO FOR THE LAST FUCKING 7 YEARS, BUT ON TODAYS ACTION THEY JUST GIGGLED AND PLAYED WITH THEIR GENITALS UNDERNEATH THEIR DESKS…
ONLY A BRAINDEAD, BRAINWASHED, TROGLIDYTE, ASS SCRATCHING MOTHER FUCKING MUPPET COULDNT SEE THAT THIS IS ALL COMPLETE FUCKING BULLSHIT BEING ENGINEERED BY THE SOCIOPATHS AT ECCLES AND THE NY FED,
SO U CAN MISS ME WITH THAT BULLSHIT…..
AND IT STILL WILL NOT SAVE THE ECONOMY OF THIS BANKRUPT BANANA REPUBLIC…FUCK THEM ALL WITH A TREE STUMP…..
death to the MoneyChangers…….always.
its a marathon not a sprint.
Hang In There.jpg
*safe for work
buy some motherfucking puts mutherfuckers
TROGLIDYTE, ASS SCRATCHING M.....
Please dont offend the Trogs, they have feelings too.
The stock market is a marketing operation. It really has little to do with the news most of the time. *Now that everyone is uber-bearish, it is probably bear season.*
Did the Chinese discover how to squeeze the shorts?
Wash, rinse, repeat. Narrative is changing, markets going up with lower highs.
Greed- the muppets dont care they know unicorn shit will be stacked to the heavens,a quadrillion hfts a day,usd/jpy ramps every trick in the book will come into play to save them....yes there will be a day of reckoning but it could be a while yet
Bullard IMHO was just a coincidence that R2K hit 1000 at about the same time. Don't matter the bulls are just prolonging the inevitable that we will break 1867.
It took a shitload of money. The Bullard comment was all for JP Morgan who is getting fucked sideways by micro jew penis due to bad oil plays. Even cnbc has it plastered all over their website about the morgue and how it could be bad. This was a sticksave by Bullard to get a stockholder of FED out of their bad bets.
Even watch the vid if u like
http://www.cnbc.com/2016/01/14/commodity-rout-weighs-on-bank-loans.html
Check the charts, there was not late-day rally at all. You are just not happy holding those short positions. If the positions you have are not doing what you want or expect, sell them and do something different.
He may have your answer
https://www.youtube.com/watch?v=Fj5k6toS7i8
But...but...but he really seems to care...
+1 oh god sam, lol
ONLY A BRAINDEAD, BRAINWASHED, TROGLIDYTE, ASS SCRATCHING MOTHER FUCKING MUPPET COULDNT SEE THAT THIS IS ALL COMPLETE FUCKING BULLSHIT BEING ENGINEERED BY THE SOCIOPATHS AT ECCLES AND THE NY FED!
You said it man! Fucking Laser'Puter ETF's from the Elite dealing Stawks. Fuck 'em all indeed.
Nice rant ;-) ;-)
But apparently it's all legal--even if it's not. I mean we can wipe out entire countries with zero penalty. Anything goes now. Anything
Look at it as a gift...S T F R!!!!
Calm down. This is no different that a drug lord laundering money. These fuckers have to get the dirty cash out to their member banks and they just can't "hand" it to them. They stage all of this and in the end, it's money for nothing and your chicks for free. It's all about the money. They make it, you want it, and they get it becuase it's all theirs to play with. You don't think it's your money like the constitution tells you, do you? Really? That went away decades ago. Their money, their game. Play if you want, but don't expect them to ever "really" lose. Only when they have a need do they let the market drop. You think these big banks are worth billions and the fed trillions because they let a "free" market work? You all really don't believe that, do you? "Free market". Since when? Not my life time!
It was all about preventing a very ugly next leg down. Look at a chart of the S&P 500. Now, draw a line connecting the Apr 2014, Oct 2015, Aug 2015 and Sep 2015 lows. This is a neckline in a good-sized head & shoulders pattern. If SPX had closed below 1880 or so today, this pattern would indicate the possibility of a drop to 1630 or so -- another 13% on top of the 12% drop we've already had since last May.
Whether or not you believe in chart patterns, lots of other folks do. They get bearish, and start selling everything that's not nailed down when these patterns trigger. Bottom line, TPTB weren't going to stand by and watch the "market" go down the toilet. Perfect time for a massive prop job.
http://pebblewriter.com/are-you-happy/
The markets are as Fiat as the as the fiat they represent.
Oak or Spruce? The Tree Stump....
You must not understand how genuine 21st century American stock market manipulation works.
Any three legged dog can get a stock market at 6500 up to 18,000 in a few years. But these manipulators are just like the rest of us, They need spending money along the way.
So they are regularly reduced to make the market fly big time in one direction and then reverse directions the next day. 600 - 700 points round trip may be chopped liver in the big picture but it aint bad for two days work.
They book their profit, get the wife a sable at Bergdorks, and pay cash for a cute little co-op in the Dakota overlooking Central Park for their ne'er do well children.
this market is f**king spectacular to watch
"Market." My fucking sides.
I totally agree. This seems to me like a proof that the market is really rigged. The only logic behind is is that is allows large firms to sell their holdings. Never mind. The macroeconomic data says more than a day like this. I am kind of thankfull because I bought another put on QQQ. I have got 4 of them expiring all in 2018.
I'm disapointed. I've had a decent doom chubby all week. This is cramping my style.
Mr Yellen stopped by and whacked it with a bamboo stick.
+1 for the doom chubby. Now use it to split some logs or hammer some nails.
ach eM eM eM eM eM...
green shoots! from bullards ass!
So many calling for an apocalypse, I'm happy to see a quiet day.
I'm not looking forward to what's coming.
Sooner you get to it the sooner you get through it...
No Pain, No Gain!
Sooner you get to it the sooner you get through it...
...or die trying and then it will not be of any concern...to you. Yes. Hundreds of Millions, globally, worldwide, will die as a result. Yes the odds are not in your favor for survival. But we move onward toward our fate and deserved destiny. I am looking forward to it.Shrug. There's really only one real truth about life - you aren't going to get out of it alive.
TYLER,
WHY DO YOU "NEVER" MENTION THAT TOMORROW IS OPEX!!! IT IS INCREDIBLE, AS WE SEE THESE MAN HANDLING OF MARKETS UP FOR ALMOST "EVERY" OPEX~~
TODAY WAS NO BULLARD - IT WAS CO - ORDINATED SHORT SQUEEZE FOR PRICE LEVELS FOR OPEX! PLAIN AND SIMPLE!
Bullard gave the signal.
They will defend 1867.... Not sure that we will be testing it in the near term....
good point
http://www.seeitmarket.com/december-opex-weekly-returns-strong-but-with-a-twist-stocks-15085/
Well, we knew we couldn’t go the entire year without some green, but at least the action was highly tradable, likely affording a big day for most pure daytraders, like myself, very much welcomed, but with a final red hourly bar that could also let remaining shorts sleep a bit easier.
On the other hand, assume those holding short positions are naturally worried about a classic 20 DMA run in indices, and may have a buy stop modestly above Wed’s highs, like an ice cream cone dripping on algo tongues below. Can’t expect the mean-reverts, in control since 2009, to re-write their algorithms just yet, but eventually the quants need to feel some downside pain if a big correction is to come, perhaps from 1Q pension committee meetings adding a lower equity allocation to their To-Do lists. As always, action if and when we get back to the 20 MAs will be key … though a rare quant snap-back failure would be even more interesting ...
I was stacking shorts after open in crude at 30.93 seeing the flood gates to be opened and anticipating it slam through the pit open at 30.75. Shiiiiiiittttttt, wouldn't bust through around 10am est and knew something was wrong. Locked in some profit and finally taken out with small gains. After I watched this epic ramp with no pullbacks to enter, I sat on my hands for the day and will be on sidelines until the 25th of January.
Sounds like you know how to take what's there during opportunities, but also avoid getting hurt. As a pure equity daytrader who's never dabbled in commodities, I always marvel at how you guys can profit from the oil madness, but I suppose, like my RUT, stare at every bar of something for a few years, and a bizarre logic begins to make itself known ... either that or we've gone crazy ... or perhaps both
I watch NQ in futures because of correlation lately between commodities and equities. I find myself the opposite. I find equities dangerous and crude more calming. But the trick is to trade 30 minutes after crude pit open around 930am to 11am right before the last 30 minute period of euro close. No more entries after 11am. Small window of opportunity but all that is needed in crude. The more participants in the market the less manipulation. To prove this just go back and look at all the euro close ramps=less participants. Once that fuel is burned then we get the NYMEX close=less participants, finally 330 ramp=less participants. Thats how I look at opportunities. We can't compete with robots so you have to pick your spots imo.
"Calming" - Wow, never heard crude described that way before :) Interesting perspective, thanks for sharing.
I agree you can't compete with robots in equities either, if by "compete" you mean challenge on your own terms, but am convinced the only way to succeed with equity indices now is to discern robot patterns and ride along like those little fish that attach themselves to a blue whale's belly, ingesting scraps. Traditional technical analysis and trend-following have been arbitraged away by the machines, serial autocorrelation died years ago, but I believe you can use various technicals in non-traditional ways to ferret out what the quants are up to, but it takes many years of dedication.
Bulltard and the Federal Reserve drew a line in the sand.
surprise surprise todays winners Chevron and exxon
Just so you know how I feel...added to my "short" positions!
tiss the season
"Will it be deja vu all over again?"
Yes it will be, Yogi.
Fuck Bullard. It's a wave 4 bounce and next we shall see a wave 5 down to complete this bitch.
yes Elliott wave theory has worked so awesomely last 6 years!
please keep us informed! thanks in advance!