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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Comrade, it's been a central planning economy for some time now. TA is about as useful as Ptolemaic astronomy.
Not all TA. Today's lows tagged the neckline of a large head & shoulders pattern that targeted 1630. Knowing that came in handy when shorting a few days ago and going long at 1880 this morning.
As an aside, if Ptolemaeus could have seen the future, I'm sure he would have put the Fed at the center of the universe.
Frank Sinatra -- High Hopes
http://www.youtube.com/watch?v=S94Bh3Qez9o (2:34)
when the first hyg/sp divergence chart was posted months ago i joked that hyg would move up to meet the sp500. no wonder no one laughed because i was, apparently, serious.
I just noticed the following headline.
Everyone is simply lying!! LOL
Fiat Chrysler Faked Sales, Dealers Say in Racketeering SuitDemocrats killed Rand Paul's Audit the Fed bill..
Gee, I wonder why ??
----BERNIE------
He's putting Hillary in the brothel basement
Bernie voted yes.
Yo, Kaiser!
Chillax bro, easy on the keys.
theyre stuck...
so, shut the FUCK up....
the end.
I think there only 5 players left...
Have these daft cunts suddenly found owt how to grow veg, and which season? Did the hired help show them how to put the light bulb in? Did they figure owt what that round thing in the sink was for that stops the water flowing away? Did they go as far as cleaning their own shoes? Did the filthy reprobates figure owt that the sun doesn't revolve around them? Did they indeed find real, productive worth in one fucking day? You know, doing something that helps not just themselves, but the community they belong to, like the rest of us?
In one day?
Fair play, skin the fucking bastards alive, the nation wrecking bunch of cunts, destroying lives, while living on the back of yours. Thinking they can eternally live off of the backs of those that produce to give them the 'Value' they so honestly believe they are worth. If you see one leave its office, kick the cunt to death.
What a cunting joke, death to every single one of the fuckers.
;-)
Are you upset about something? What is the vulgar rant for?
You see that smiley little face at the end of the post?
I dont get upset son, I always post like a right cunt, so get used to it or skip it.
;-)
If you are not upset then you are fucking BRAIN DEAD.
Get the fuck off my porch.
You must be new.
^^^^^Awsome. Please continue.
Go autofellate, you faggot without a spine.
Get out of here. You do not belong.
This is Fight Club, bitch.
Hey Tall Tom,
I don't understand . Elaborate.
Here Tom,
Smile and wave fella. If you ever be over in Blighty gis a bell through here and al meet you for a pint, on me.
Ignore the cunts, they dont know much.
:-)
i am so glad "cunt" is getting its due respect as one of the best 4 letter words.
One does try Besnook, I do believe its one of the most Underutilized words of the very magnificantastic English cunting lan-guage.
Chin chin
;-)
I missed it
So what could Bullard have said?
Easy Fed policy days are over, are they not?
Sad isn't it? Ya gotta be glued to your trading screens like a 'Tasmanian Devil' on road kill...
lol. it really sucks. i've had to get up for the open since christmas. that means 4am here. they should start having designated peepee breaks times for volatility like this.
The Bulltard bump upwards for markets.
Dammit, I went surfing this morning and I missed the fucking dip!
1) If it was blown out and crowded remember this:
"You never know what worse luck your bad luck kept you from." - C. McCarthy
2) STFP! (Sell the fucking pop!)
Did anyone on ZH actually buy any stocks today or sell any gold? I am starting to think that only TPTB do that.
The Chicago Black Sox are considered the biggest cheaters in history because they fixed a couple baseball games for a few thousand dollars. Meanwhile these crooks have rigged financial markets to scam billions and they’re considered our hero’s. USA! USA! USA!
Exactly! Just because most kickers in the NFL are crooked doesn´t mean all, uh... defensive tackles are crooked!
I hope that once Bullard is behind bars, his celly is one of the biggest (in every way) baddest, black men in the entire prison.
and he finds that Bullard has a very pretty mouth. and his cries keep the other prisoners up all night.
Ewww. You jews who are not jews, but are zionists, have a fixation on money and pornography. Sick lil nazionists. Janet didn't ruin you. You ruined you.
Haaaaa! Let it burn. Nasty lil nazionists and their fiat.
They can run. They cannot hide or pay for their debt, deficits.
F'em. Get ready.
Intel is down in the aftermarket after releasing a financial report: http://www.marketwatch.com/investing/stock/intc?mod=MW_story_quote
Shrinking pc market. Next notable earnings are Apple at Jan. 25 an FB at Jan 27. Come on with that narative falacy.
'Intel' is never down. Once in, always in.
Time tells all ;-)
I am sorry, but I honestly do not understand your comment. Would you please be so kind and clarify it? Thank you very much in advance.
I know that the world financial system is insolvent, broke, bankrupt, deceased, dead as a parrot. 'It's dead. That's what's wrong with it.'
https://www.youtube.com/watch?v=4vuW6tQ0218
You have been robbed. Get ready.
.
Options expiration week.
That is all you need to know.
Good that you mention it. I also had an impression that it would be possible to see where a stock is going by looking at options expiring in the near future. I new for instance that Nokia would rise because of the near future call options.
Calm down. You cannot expect fair play from an institution based on fraud and occasionally killing people.
https://www.youtube.com/watch?v=G9bAr5bUzDs
Reindeer Section.
Your sweet voice. We must stop serving the insolvent banksters, the City of London.
Trade on. Live for another day. Eyes wide open.
STFP! (SELL THE FUCKING POP!)
they were not going to let oil have a 2 handle for long the first time there...
The bulls broke the ES above the 1904, one of the two failure levels I talked about this morning, but the second setup traded at resistance, well below the 1938.75 failure level. As long as this setup holds, a target just shy of the August lows remains on the table. If it doesn't, the next major resistance is a weekly short setup at the 1990.75, with a failure level of 2019.25. Until the bulls accomplish that feat, this remains a bear market rally.
Opex tomorrow, with option max pain on SPY at 200, translating to around 2000 on the ES. More than 80 points being unlikely in one day, it may mean that options sellers covering liabilities will fuel a selloff -- I'm guessing of course. Price will tell all.
http://tos.mx/FV7UTF
Ok one more time. Go right ahead and stick your hand in that garbage disposal i won't turn it on.
Ops sorry.
One time saves will not stop the collapse, just allow a few more buck to be skimmed.
'The oil move looks a lot like an algo stop-hunt... ahead of OPEX tomorrow...'
Searching and so far missing it. 'OPEX' Any details? THANKS.
I wouldn't short the hole on oil to find true love. Look at previous ramps from lows on a long-term chart. They're breathtaking. That said, calling bottoms is for suckers, wait for the meaty middle on any longs. Here's a good analysis of CL (@ time mark 16:46), but if you're not a subscriber you'll have to wait 24 hours to watch it. It's not my site BTW, nor am I shilling for it.