Dollar Dumped, Stocks Trump'd, Gold Jumped

Tyler Durden's picture

Today in the dollar...

 

It's not the economy, stupid...

 

It's Trump!

 

Biotechs/Pharma was slapped lower...ending the record win streak...

 

Algos desperately ripped The Dow to run yesterday's high stops in an effort to crack 20k... but failed.. then as the day ended VIX was monkey-hammered lower in desperation...

 

Stocks scrambled back to green after the Trumpnado struck... Nasdaq record high again, Trannies rallied over 1%! - NOTE the rally startd right after Europe closed... AGAIN!

 

7th day in a row of positive closes for Nasdaq, 4th day of record highs...

 

Utilities outperformed post-Trump, healthcare lagged...

 

Brazil cut rates by 75bps and sent Brazil ETF higher (filling the gap from the election)

 

Yields tumbled as Trump spoke and were pushed lower on a very strong 10Y auction but everything bounced back in the late afternoon...but bonds ended the day unchanged.

 

The Dollar was clubbed like a baby seal as Trump disappointed those looking for details... hit 2017 lows then bounced to unch for 2017 before fading...

 

All the majors surged against the greenback as Trump spoke (and said nothing) but we note USDJPY was really moving...

 

The Mexican Peso was the poster-child of Trumpian chaos as it crashed to record lows, ripped on Dollar's drop, then collapsed back down on trade comments, then rallied again... - still closed at record lows...

 

As the dollar plunged, crude ripped higher - totally ignoring the spike in production and inventories...

 

Gold spiked towards $1200 as the dollar faded...

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OfAllElaboratePlans's picture
OfAllElaboratePlans (not verified) Jan 11, 2017 5:06 PM

Maybe they misinterpreted the 'golden showers' fake news story. It's hard to tell these days.

I'm Broke AF's picture

Best part of the news conference today was the bitch slap Trump handed CNN.  They were on freak out mode after the live press conference trying to restore their credibility.  

Anyone else catch Trump's comment about him running the presidency for 8 years at the end of the press conference?

BabaLooey's picture

Great Headline Tylers!

Atta Kids!

+1,000

SilverRhino's picture

I just saw it.  And what's funnier?  At the end you know EVERY federal government employee is running scared because he said two words 

"You're FIRED"

 

If he would do that to his own sons?  He will sure as hell do it to a bloated bureaucracy with a smile on his face.

Takeaction2's picture
Takeaction2 (not verified) OfAllElaboratePlans Jan 11, 2017 5:55 PM

OMFG....This just keeps getting better.  McCain is behind this shit show golden shower stuff....too....OMG.

Squid Viscous's picture

what's up with banks screaming into the close,

a golden shower for shorts?

AlexCharting's picture

Biotechs shocked by frugal/stingy Trump!

The selloff in biotechs shows us that the market has not remotely priced in how stingy Trump is. Trump is known for being able to squeeze gallons out of a single lemon. I expect tons of squeezing throughout his Presidency, meaning any rally is guilty until proven innocent. 

NugginFuts's picture

question for you - I know you watch the 5 DMA for NUGT, but what period length is that? 5 DMA over  the previous 1 mo, 3 mos, 6, etc? That freak out this morning with a -8% drop followed by up 4% on the day kinda has me wondering whether this is a trend in the final stages or whether it still has room to run. 

OfAllElaboratePlans's picture
OfAllElaboratePlans (not verified) NugginFuts Jan 11, 2017 5:18 PM

turn those machines off!

NugginFuts's picture

are you refering to my brain? I'm just trying to figure out the best way to set up my charts so I can accurately monitor the trends and patterns. 

AlexCharting's picture

Usually 3 months, and I focus on 5 DMA on ZH for simplicity’s sake, and since 5 DMA is my favorite. As you can see in my YouTube videos, I look at multiple indicators. 

I am still 100% calls on NUGT, but was very close to buying some protective puts today, since we are seeing some divergence again between GDX and GLD... to the detriment of the former. 

NugginFuts's picture

Thanks for the heads up! I'd been looking at 6 mo and feeling fairly safe (until this morning) but wondered if I was monitoring the right length of time.

And thanks to everyone else for the down votes. Please keep them coming!

AlexCharting's picture

I think its Kaiser... or some other silver stacker thats still down BIG since 2011. 

NugginFuts's picture

hey I stack silver too.... using the profits I make from trading GDX. Free shiny stuff for me.

I love trend analysis. Putting money on the line just makes it more interesting. And converting that into some shiny stuff for doing it right is a most rewarding bonus. Seriously recommend you try it. 

BabaLooey's picture

The best charting advice I received - ever.

"When you see it up here - go short"

"When you see it down here - go long"

....of course that was the rings in the bathtub - and it came from my granny......so there's that.

Traderone's picture

Get the hats ready. Strong auction in the ES is pointing to continuation higher overnight so you Yanks might wake up to DOW20k tomorrow, sleep tight. 

Soul Glow's picture

Trump doing his best Goldman Sachs, a month ago saying he would build an infrastructure bank and spend spend spend, and today at his first presser not mentioning spending once.  Look for Goldman to always do the opposite of what they say, and since Trump put them in charge of the Treasury - instead of draining the swamp - there will be a lot of volatility in the markets coming up.

thesonandheir's picture

Only a few days left until the inaugural and this equity shitshow ends.

King Tut's picture
King Tut (not verified) thesonandheir Jan 11, 2017 5:13 PM

I wouldn't bet on it- the party is just getting started

thesonandheir's picture

I am betting on it.

 

It's either going down hard then or going sideways until debt ceiling March 15th then hard down.

 

Can't wait to see the BTFD monkeys lose their shirt when the only plan that's worked for 8 years suddenly stops working.

 

They deserve to lose everything due to their greed and hubris.

barysenter's picture

Dump Clinton Healthcare! Dump EBT! Dump QE! Dump MSM! Arrest Corzine!

Rainman's picture

Somebody hacking into the King of Debt's twatter account could make gazillions !

SomethingSomethingDarkSide's picture

Bank of Japan remains the Ring Leader of this Barnum and Baileys Fist Fucking Circus, watch USD/JPY

BitchesBetterRecognize's picture

9 days away from inauguration day, yet the markets are bitching more than the Obama crew & DNC put together in a Chicken farm!! 

shit is crazy.....

Jackagain's picture

Yet my NUGT was down today....

NugginFuts's picture

weird, huh? Gold up, miners down.... Strange correlation.

mary mary's picture

I have been noticing that.  I think it happens frequently.  But miners always seem to catch up eventually.

thismarketisrigged's picture

what a fucking shocker, the moneychanger fucks bid up the insolvent banks once again, the shit fang stawks, recover all oil losses from previous day on zero positive news, and of course slam the fucking vix, bc what is a day in this ''market'' without a fucking vix slam.

 

it will prob be negative soon.

 

fuck off moneychanger fucks

Squid Viscous's picture

time to reverse split the levergaged Vix ETF's again, kinda like "time to make the donuts"

Yen Cross's picture

   Moe Howard and Bullard are speaking tomorrow. That should be good for some volatility.

  The VIX trading on the 11 handle and the Dow moving 4-500 points back and forth in one session. [what could go wrong?]

Bay of Pigs's picture

I see BTC is down 30% in a week.

Where is the Fonestar Brigade now?

Peak Finance's picture

I think we were all fooling ourselves.

The inveatible happened, which is government attacking Coinbase, which was the only fucking thing that made Bitcoin usefull, and of course now the Chinese crackdown.

FIAT is FIAT, wheather it's cotton or electrons 

 

Yen Cross's picture

  STFU, and please head back to your X-Box. You're so naive.

rosiescenario's picture

Just speculating, but IF Trump gets the tax deal done to repatriate foreign funds held by US corps, how much of that dough is going directly into stock buybacks thus enriching the mgmt and directors who hold options?

 

I sure would not be short any co's with large amounts of cash overseas.....I'd also not be short any potential 'target' companies when (AND IF) this tsunami of cash hits our West Coast shore....

 

 

Van G's picture

Trading gold has been very very good to me man...

 

Accent of All Pacino 

 

Lol

LowerSlowerDelaware_LSD's picture
LowerSlowerDelaware_LSD (not verified) Van G Jan 12, 2017 12:00 AM

 

.

NEVER TRUST A COMPANY THAT HAS TO RESORT TO A FLOOD OF SPAM COMMENTS FOR ADVERTISING.

.

This failed trader now has **many** spam accounts on ZH. Note how they are always the same ones talking between themselves, giving themselves thumbs ups, and ripping into people asking them to stop the spam flood. They spend an enormous amount of time spamming.  Apparently their time spent spamming is more profitable than their trading.

The spam accounts (not doubt they have more) : AliSONY, Babs.St.Louis, Billy G, Chi Juan, Dr.Carl, ErikE, FemDayTrader, Irvingm, jasony, John Beau, KC Spike, MadhyaBharatx, MexInvest, MikeM54, Mon T, P Christmas Carole, Penny Trader, Pinky and the Brain, RonnieM, Sonya B59, Stan Your Man, StevieTexie, Van G, and wisetrader224

Sonya B59's picture

Amazing how easy it is to make money if you have the right analysis.  The guys at Shepwave have been nailing the markets again.

 

On december 28th they gave a buy signal after being short for about 4 months. I am an adviser in Barcelona and I have never seen anything like this.

 

Please do not think I am spamming. They are not eve taking new subscribers. There is at least a 10 week waiting period for any new subscriber.

 

Below I have posted their blog entry from earlier today.

Sonya B59's picture

ShepWave 

ShepWave IMPORTANT Updates for Thursday Published. YOU JUST CAN'T MAKE THIS STUFF UP!
by ShepWave.com
Posted: 1/11/2017 17:07 EST

BAM! YOU JUST CAN'T MAKE THIS STUFF UP!

 

The markets remain predictable and profitable.

 

Thank you all for the emails today. Those of you who have been following the gold trades in particular have been having an easy road of it. (Refer to our BUY signal late December after being short gold.) The profitability and predictability of gold has been very easy to chart. But, please do not get ahead of yourselves. Please note what we are looking for in the current conditions.

 

 

Currently ShepWave is not accepting new subscribers. As previously stated, this is periodically necessary to ensure that we are able to provide the personalized service we have for almost 14 years.

 

New Subscribers will be allowed back shortly.

 

A few of you have emailed me on how to go about renewing your subscription.

 

If you are a current subscriber or have at any time been a previous subscriber we welcome you to renew. Just go through the process as usual and click on the $129 One Month Subscription. We will extend it to one year.

 

We are even going to extend this offer to anyone reading this email; but not just reading the blog. If you have any questions email me at shep@shepwave.com

 

Thank you all for many years of a very rewarding relationship.

 

Log In at www.shepwave.com for Updates and to Renew ShepWave Subscription.


Van G's picture

ShepWave is the best. But every one on here is broke. They have been following ZH and have been short the markets for five years and are now living out of their cars. Lol

Squid Viscous's picture

fuck off with your shemp wave, hacks

and  suck my cock Sonya you dirty whore

Babs.St.Louis's picture

Nice language.  Sounds like someone has lost all his money listening to the trolls on ZH.

 

May I suggest actually following a REAL analyst!  

Yen Cross's picture

  You're a worthless fucking parasite!  FUCK OFF!  You know NOTHING about trading you scumbag!

  7weeks 2days, > and probably 100 other aliases.  Just like Fonestar<

 Kindaof chilly in PRK this time of year, huh?

Squid Viscous's picture

lol, nice marketing plan, "it's free! ...almost"

let's create multiple ID's and jerk each other off!

fucking creep ... please go away

LowerSlowerDelaware_LSD's picture
LowerSlowerDelaware_LSD (not verified) Squid Viscous Jan 12, 2017 12:01 AM

 

.

NEVER TRUST A COMPANY THAT HAS TO RESORT TO A FLOOD OF SPAM COMMENTS FOR ADVERTISING.

.

This failed trader now has **many** spam accounts on ZH. Note how they are always the same ones talking between themselves, giving themselves thumbs ups, and ripping into people asking them to stop the spam flood. They spend an enormous amount of time spamming.  Apparently their time spent spamming is more profitable than their trading.

The spam accounts (not doubt they have more) : AliSONY, Babs.St.Louis, Billy G, Chi Juan, Dr.Carl, ErikE, FemDayTrader, Irvingm, jasony, John Beau, KC Spike, MadhyaBharatx, MexInvest, MikeM54, Mon T, P Christmas Carole, Penny Trader, Pinky and the Brain, RonnieM, Sonya B59, Stan Your Man, StevieTexie, Van G, and wisetrader224

LowerSlowerDelaware_LSD's picture
LowerSlowerDelaware_LSD (not verified) wisetrader224 Jan 12, 2017 12:00 AM

 

.

NEVER TRUST A COMPANY THAT HAS TO RESORT TO A FLOOD OF SPAM COMMENTS FOR ADVERTISING.

.

This failed trader now has **many** spam accounts on ZH. Note how they are always the same ones talking between themselves, giving themselves thumbs ups, and ripping into people asking them to stop the spam flood. They spend an enormous amount of time spamming.  Apparently their time spent spamming is more profitable than their trading.

The spam accounts (not doubt they have more) : AliSONY, Babs.St.Louis, Billy G, Chi Juan, Dr.Carl, ErikE, FemDayTrader, Irvingm, jasony, John Beau, KC Spike, MadhyaBharatx, MexInvest, MikeM54, Mon T, P Christmas Carole, Penny Trader, Pinky and the Brain, RonnieM, Sonya B59, Stan Your Man, StevieTexie, Van G, and wisetrader224

Yen Cross's picture

   Tyler would you please deal with these assclowns. [ the information they're pimping is completely false]

 I did quite well today. This bullshit scamming is getting really old!

  You make profits by doing your homework, not some dumb~assed shill ponzi scheme.

   Come on Tyler, you know thw the URL's this shit is coming from.

LowerSlowerDelaware_LSD's picture
LowerSlowerDelaware_LSD (not verified) Yen Cross Jan 11, 2017 11:43 PM

Yen Cross, FYI - These are their accounts:  AliSONY, Babs.St.Louis, Billy G, Chi Juan, Dr.Carl, ErikE, FemDayTrader, Irvingm, jasony, John Beau, KC Spike, MadhyaBharatx, MexInvest, MikeM54, Mon T, P Christmas Carole, Penny Trader, Pinky and the Brain, RonnieM, Sonya B59, Stan Your Man, StevieTexie, Van G, and wisetrader224

No doubt they have a few more but that's the bulk of them.  They make it so obvious by only (more or less) commenting to each other, not participating with the actual ZH comment threads.

This spammer isn't very bright.  No doubt it shows in their "analyses" as well...

 

Snaffew's picture

excerpt from the ShlepWave blog....

"Red Sonya and Dr Carl were at it again, cradling their un-neutered Chocolate Lab's balls while Sonya took a picture of Carl putting the "lipstick" on his mouth.  ((Smile for the camera Carl!))  Now that their dog Schleppy has been worked up to a panicked fervor, Dr Carl and Sonya each assume the kneeling prone position after spooning an ample supply of gravy in their gaping and unwashed anal knots.  Shlepwave analysis is dictated by which person Schleppy humps first...Sonya means the markets head north and to go long on the S&P...if it's Dr Carl, then obviously the markets go down and to short the indices.  For Carl, it doesn't matter---he's always gonna go down!"

Thus, another fruitful day at Schlepwave ends where Schleppy is always nailing the marks.