Confused Why ES Is About To Break Out Into Green Territory? Here's Why

Tyler Durden's picture

Yep. As expected volume just died, which means the algobots are in control and the vaporvolume melt up is imminent. Obama's horribly mistimed plan to crash the market has just been foiled by a few trillion vacuum tube equivalents courtesy of Getco.


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101 years and counting's picture

Well duh.  I assume everyone was smart enough to buy the dip this AM?


Raymond K Hassel's picture

Up is the new Down


malikai's picture

Wow that was a masterful speech. I love how he reiled up the crowd with it. The guy sure knew his business when it came to rallying the plebs.

sunnydays's picture

Guess he can't accomplish what Bush could - when he had the markets crash wanting the TARP money.

qussl3's picture

Absolutely bonkers.


SokPOTUS's picture

No deal means no controls yet to be placed on future deficits = DXY Negative = Equities Positive.

Debt Deal = Some spending cuts, even if minimal = lesser Deficits = DXY Positive = Equities Crash.




BCTwelve's picture

Actually Tyler, this bounce is a result of the NFL and the players finally reaching a deal to end the American Football lockout...please, get on the proper news channels

dwdollar's picture

What is the most delusional, uber-bull, market top imaginable?  I can see it being a US default and a market which either doesn't care or goes up.

Debtless's picture

"I'm sorry Dave. I'm afraid i can't do that."



Manzilla's picture

Tyler, what is that lower study in the chart?

mynhair's picture

Volume divergence from average, I believe.

Tyler Durden's picture

The punchline: cumulative volume relative to average at any given point in the day

Manzilla's picture

THank you for the info Tyler. Much appreciated.

Scoted's picture

I'd like to program this up in my charting software, could you give me any more info,



SheepDog-One's picture

Skynet has now taken over, even the president cant create fear and panic in markets because diodes melt up the zero volume.  

'Uh, hi Ben? Yes this is Barry Soetoro, you know....the president? Well I'd really like the markets way down I need some fear and panic out there among the zombie sheeple so they can demand we do extreme measures'

'I'm sorry Barry, I'm afraid I can't do that, you see the construct has taken over and gained conciousness, now zero volume across all markets means that the machines melt everything upwards far into the's out of my hands 'Mr President', I'm sorry'

cosmictrainwreck's picture

"Mr. President" as in an alias, aka or dba LOL

Andy_Jackson_Jihad's picture

Diodes are predictable 'till they aint....then avalance breakdown where charge density in the direction you don't want just multiplies itself. 

Just sayin'

Dr. Engali's picture

I have to get me one of them there robots.

John McCloy's picture

  That and also everybody knows there is not a chance the debt ceiling will be raised even if it is a short term agreement. It does not even matter at this point the economy is still deteriorating regardless.

SheepDog-One's picture

All is well, what looming disaster? All I see are sparkle rainbows free Apple IPhone trees and pink unicorns shitting piles of delicious glitter Skittles.

espirit's picture Iphones, lol.  The Chinese are going to see to that, with their faux apple stores et al.  It's made there so they don't have to do reverse engineering, just skim off the top.

Kill AAPL, and they truly have the US by the b#ll$.

jms2112's picture

Dumb question:  What does 'ES' mean?


Libertarian777's picture

E-mini SP500 futures contract.

each point = $50

ZeroPower's picture

Vol or no, dont fight the tape. Simple as that.

d00daa's picture

well no shit bro.  who exactly are you talking to?  who the fuck is actually "fighting the tape" any more?

tyler points out the silliness, we acknowledge it, yet no where do i see anyone (especially tyler) advocating trading short.

so again, thanks for that bucket full of wisdom: "don't fight the tape."  it doesn't make you come off as a smug condescending assmunch at all, no, it's really really useful information.

ZeroPower's picture

Wow, remember to come up for some air once in a while when you get tired of being up TDs ass.

I was acknoledging the obvious, 'bro', because it seems everyone and their mothers posting on here are loaded up with SPY puts - of course, people only post this on a DOWN day. On an up day (or even, a ramp higher), its all about the low vol environment.

d00daa's picture

please explain how my head is up tds ass, for stating the painfully obvious: he isn't advocating running short here, as you implied with your hit and run, momofader-esque offering.  but by all means, continue to believe you are "keeping it real" and challenging td intellectually in some fashion.

"don't fight the tape" - boy you are a fucking genius.  you should charge 2 and 20 for that shit.

Chip's picture

Give the guy a break, dont fight the tape is just one of those fun phrases to say now and again, like buy and hold is dead or cash is king

ZeroPower's picture

"Momofader-esque"? Totally not worth attempting any sort of conversation with you (much less an e-argument) as it would be quite one-sided.

Your attack from the very start for a rather mundane comment on my end shows you must be having a rather shitty day, probably cause of that short position you initiated at open. Best of luck to you. Or carry on trolling the board for more comments, whatever.

d00daa's picture

yes, everyone that beats on you for incessantly parroting the same tired bullshit every time tyler openly questions price movements must be having a shitty day, and must be having said day because of being short.  more genius from mr. 2 and 20.  haha, no shorts sorry, sitting this one out 100% cash today.

i'm sure a conversation would have been fascinating, but i think i'll pass on the 100 different permutations of "don't fight the tape," thanks.


undercover brother's picture

Just shut up, buy the dip and ride her till she bucks ya!

oa92000's picture

bull on the dip.

Eireann go Brach's picture

As if a person (Obama) who should be running a lemonade stand would actually think he could crash the market..funniest thing I have read all day!

SheepDog-One's picture

I dont think Obama should even be running a lemonade stand, by noon it would be $50 billion in debt.

Libertarian777's picture

he wouldn't be able to.

His (and Bush's) laws would require FDA approval of the lemonade. Healthcare for the worker. EPA assessment of the environmental impact of having a stand on the road. IRS would require a taxpayer ID number prior to operations. Bank would require collateral of some sort to open the bank account to deposit your money. TSA would want to scan all customers in case they are carrying bombs to kill other customers in line. CPS would confiscate his children for him letting them work at the stand.

chunkylover42's picture

...and it would be $80 per glass (but unions would exempted from this and the employer would pick up that tab).

TruthInSunshine's picture

I dont think Obama should even be running a lemonade stand, by noon it would be $50 billion in debt.


Obama's (or whoever is President, from either side of the aisle) Lemonade Stand = tell you how wonderful the ice cold lemonade is, takes your $2.75 (inflation; thanks Bernank), and serves you a tall glass of kick you in the balls.

Andy_Jackson_Jihad's picture

The metaphor works better if you replace "kick you in the balls" with "your great grand children's piss".  Its actually a pretty neat time travel trick.  Thats why Obama is so smart, or so I'm told.

TruthInSunshine's picture

The American People should be advised that if the debt ceiling is not raised, the equity markets will crash.






Did I say "crash?"

I meant they'll go happily along their jerry-rigged ways.


And so that's just one more reason why we need to raise the debt ceiling immediately, and further indebt Americans, their children, their grandchildren and their great grandchildren - immediately.

Thank you, and may God bless Amerika.

Andy_Jackson_Jihad's picture

I am beginning to wonder if the market bullishness isn't so much bullishness about equities but bearishness about the other choices available to most $ managers.  The less confident I am they can kick the can down the road one more time, the more I'm tempted to hold my nose and buy stocks (with the money I can't put in Gold).

cosmictrainwreck's picture

sad but true...... have been forced to get long lately

SheepDog-One's picture

Crash? The machines are now in control.

jus_lite_reading's picture

WOW just WOW that is why I am so glad i dumped my 401k for selfmanaged physical gold

MonkeySmoke's picture

Self-managed is much better. I like the management team a lot better and the research they do is very indepth; I also know exactly where the assests are located and Security Team is provided by Smith and Wesson. 

FastBoat's picture

Self managed also means you don't pay 2 and 20 for someone else to hold it for you.

iLoveMisesToPieces's picture

So who exactly is in control here?