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S&P 500 Breaks 50DMA For First Time In 4 Months
Five down days in a row (first time in 5 months) for the S&P 500 (cash) and it has broken its 50DMA for the first time since 12/20/11. Notably the equal-weight S&P 500 broke the 50DMA yesterday and is now down 4.4% (versus -3.5% for the cap-weighted S&P 500) from its highs on 4/2. At what point do levered liquidations (VIX nearing 20% at one-month highs) cause the S&P 500 index dog to wag its AAPL tail as opposed to the other way around as it remains the outperformer relative to European equity and US and Europe's credit markets.
US equity indices remain outperformers but this seems so clearly driven by AAPL's impact that we fear for the dog to start wagging its tail soon...
Charts: Bloomberg
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Ben is whipsering in my ear. QE3 boy...QE3.
Manipulation masterbation.
3 years, 5 months since the crash and Ben is still juggling. Give the man some credit. He may go down as the man who killed the Fed but he can juggle with the best of them.
Until inflationary forces go away, you ain't getting anything from the Fed. It is time to crash the market to get rid of Obamao this election year.
LOOKOUT BELOW!
I am not a chart reader, but it DOES look bad...
Even worse, S&P down 1.57%, at its low for the day.
AAPL HAS GONE RED
This is not a drill.
And now we'll see the opposite side of "liquidity" rush.
Unintended consequences of APPL as proxy
Liquidity panic!
Clear the bridge.
http://www.youtube.com/watch?v=E_tYb0ws66E
Now this is getting interesting. And fired a few cannons. Thank you Zero Hedge for the timely, informative charts. What a site.
+ 1 Yes
100DMA break will usher in a rumor about rhetoric of a possible QE3.
No QE3. Doing so will break Japan. USDJPY is 75 death spiral for everyone. FED pushing up against exogenous constraint conditions.
So the Fed is going to stop buying Treasuries then? QE was going on a decade before 2008. It has only accelerated since. It will only accelerate because we don't have the economy or tax base to support our Federal government or its debt.
If a Central Banker prints in the woods, and fails to delare doing so to the MSM, does it *really* count?
If you are buying groceries or other things of high utility when paper money has no savings utility, yes. If you are buying another piece of paper, no idea.
I listened to a Ben Davies interview where he was taking about a discussion he had with people in a South American inflation. He was told the people just sucked it up until it got up to 30% a week. The frog will sit in the boiling water for a long time with proper indoctrination. But the frog is still being cooked the whole time.
Touche. I forgot how considerate the Yanks are when it comes to Japan.
http://en.wikipedia.org/wiki/Atomic_bombings_of_Hiroshima_and_Nagasaki
Put the hash away, then post my child.
Total junk bait.
wake me up when AAPL weekly MACD(22) start to turn over. Then we'll see a real sh*t show.
I can smell the zer000000000's from here!
FUCK YOU BEN BERNANKE! FUCK THE PONZI MARKET! AND FUCK YOU JON CORZINE!
Like waking up with Kari Norgaard after a Vodka-Viagra fueled night out at the Italian Disco. When the smack wears off and the lights come on, you get sober real quick
Ben hit the snooze button this AM?
Ben! Ben! Wake up! The trading robots are sad and want a trillion dollars. Ben! Come one man, wake up, we got sad robots to cheer up. Get a move on ...
BTFD!
Naah! Au & Ag!
BTFC?
(As in Crash)
The break of the 50 dma really set off the algos. That last whoosh on the futures was a brief sign of things to come.
Shorting and potentially all options will be outlawed, capital controls, price controls, ZIRP is QE, rock meet hard place. Direct monetization until supply chains break, then war. Could be a while yet.
The VIX is going to explode higher:
http://chart.ly/covcqb3
'...going to' ?
VIX +11.22% as of 1340 EST.
Um, AAPL is red.
Wheeeeeeeeeeee
Good God, it's a fucking blood bath over there in Europe.
The pain is thick for sure over there.
UVXY around $20 and change. Recently it experienced a 1 for 6 reverse vaporization. It's an etf rather than an etn like that made a name for itself TVIX.
In case anyone is feeling a bit suicidal TVIX is a bargain at $9 something today.
Brilliant William...simply brilliant.
Die, die, die... fucking DIE!
C'mon Ben, make it rain.
...and now imagine one tiny little fucking rumor of ....qe-3 or the like....:))) REAL VOLUME still a no show ..though...:))!
Spread:The Sequel.....coming soon to an EU market near you.
But due to "decoupling" it will be Spread 2.0 in the USA.
BOOYAH!
You'll know there's panic when the herd stampedes back to Zerohedge (servers go down).
VXX and AAPL were moving in opposite directions since November. I took a position a few weeks ago in vxx and got slapped up a bit......I am recouping most of my dumb move now. That's what I get for trying to time the market. Have to follow closely for any downward movement.
And AAPL is not even down 1%. Imagine if we ever got a REAL correction.
Investors fleeing to safety, AAPL and PCLN...
As Mike Goldberg would say before an MMA fight: "Here....we.....go!"
All out shorting commencing NOW! Thou shall not go long...
Last time it broke in December it was bullish! The economy is saved
I wouldn't be surprised to learn that the one trillion in LTRO went to some Russian oligarch. Could have been the biggest heist ever. Bigger than the bailout heist even. Where is the money?
Bears to the rescue!
http://news.cnet.com/8301-13639_3-10315369-42.html
What if the democracy we thought we were serving no longer exists, and the Republic has become the very evil we've been fighting to destroy?
PADME AMIDALA, Star Wars Episode III: Revenge of the Sith