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Stocks Stalled At Post-NFP VWAP As European Banks Resume Freefall

Tyler Durden's picture




 

It seems like we are back in coin-tossing mode as S&P futures are trading in a very narrow range this morning at exactly the post-NFP volume-weighted average price level. Perhaps the current sell-off in European banks will bias that coin a little to the downside...

Distrubution of prices for ES (S&P 500 e-mini futures) post-NFP showing VWAP and current price...

As European banks resume their drop after tagging yesterday's highs...

 

Charts: Bloomberg

 

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Wed, 04/11/2012 - 11:22 | 2334558 Id fight Gandhi
Id fight Gandhi's picture

Timberrrrr

Wed, 04/11/2012 - 11:29 | 2334582 SilverTree
SilverTree's picture

 

 

 

1224

1278

1369

1444

1521

1600

1650

1681

1764

1849

1936

2025

XXXX

 

Wed, 04/11/2012 - 11:33 | 2334594 Zero Govt
Zero Govt's picture

SilverT, can we have some words (explanation) with the computer print-out 

Wed, 04/11/2012 - 11:39 | 2334615 Zero Govt
Zero Govt's picture

Ahh thanks, Gentleman Jims golden angels.. shouldda recognised it!

Wed, 04/11/2012 - 11:46 | 2334635 Lord Blankcheck
Lord Blankcheck's picture

next is 46squared or 2116

then 47sq=2209 and so on.....

Wed, 04/11/2012 - 12:12 | 2334730 El Oregonian
El Oregonian's picture
Wealth is the product of man's ability to think. -Ayn Rand
Wed, 04/11/2012 - 13:50 | 2335085 non_anon
non_anon's picture

38DD

Wed, 04/11/2012 - 12:12 | 2334726 LongSoupLine
LongSoupLine's picture

watch for the short term post-euro-close low volume ramp-o-rama.

Wed, 04/11/2012 - 12:13 | 2334734 J 457
J 457's picture

Maybe this helps decide direction.

 

News Alert
from The Wall Street Journal

The U.S. filed an antitrust lawsuit Wednesday against Apple Inc. and the nation's largest publishers, alleging they conspired to limit competition for the pricing of e-books.

The lawsuit alleges Apple and the major book publishers reached an agreement where retail price competition would cease, retail e-book prices would increase significantly and Apple would be guaranteed a 30% "commission" on each e-book sold. 
 

Wed, 04/11/2012 - 12:15 | 2334745 RmcAZ
RmcAZ's picture

But, but... Yahoo Finance says: http://i.imgur.com/mfU39.jpg

Wed, 04/11/2012 - 14:25 | 2335248 PayneNita
PayneNita's picture

my classmate's sister makes $62 hourly on the laptop. She has been unemployed for 5 months but last month her pay check was $13843 just working on the laptop for a few hours. Read more on this web site ....  http://bit.ly/FPPP3j

Wed, 04/11/2012 - 11:23 | 2334559 vmromk
vmromk's picture

Bernank, fire up the HP and "ease" some more, you COCKSUCKER.

Wed, 04/11/2012 - 11:26 | 2334567 Boilermaker
Boilermaker's picture

+/- 15 handles, nightly, on the ES is 'very tight'?

Wed, 04/11/2012 - 11:26 | 2334574 q99x2
q99x2's picture

That's not a sea monster. That's a chart of the S&P 500. Going down.

Wed, 04/11/2012 - 11:26 | 2334575 gjp
gjp's picture

yep, everything fades except the American momo darlings as SBUX, WFM, CRM, AAPL all near their all-time highs.  Weak markets elsewhere just sends more money playing the 'only game in town' - catering to American decadence and money printing.

Wed, 04/11/2012 - 11:31 | 2334587 achmachat
achmachat's picture

i couldn't believe my eyes when I saw AAPL at 640 yesterday!

The frustrating part is that in nominal terms, it might just go on like this, especially when more central banks commit to easing.

But how in heaven's name do you want to explain to your friends and family that it doesn't matter if your AAPL is worth 500 or 800 USD per share if the USD would have lost the exact same gain in purchasing power?

Wed, 04/11/2012 - 11:37 | 2334603 john39
john39's picture

if you have to explain it to them, they are srewed anyway...

Wed, 04/11/2012 - 11:37 | 2334606 Ahwooga
Ahwooga's picture

None of the goldbugs care for such logic around these parts mate. Watch my junk rating for proof.

Wed, 04/11/2012 - 13:06 | 2334924 SheepDog-One
SheepDog-One's picture

Oh so 'gold bugs' are illogical? How so? Gold seems to be up far more than anything else since the Great Monetizing began in 2009. So what did they do, just get blind luck then?

Wed, 04/11/2012 - 14:51 | 2335414 Ahwooga
Ahwooga's picture

Not saying its the wrong trade dog, just the popular chant for "more printing" without actually thinking or knowing what that will entail. Arbitrary price increases in the currency they seem to despise (and yes I am generalising here and realise how fraught with danger that is) seems to be what they are all after, without thought to the actual consequences of another few trillion in "money" creation. I love PMs. Just for the right reason (I think). It's more a comment on the ever more common bland "fuck you bernanke" or "fire up the presses" shit that we have to read more and more of each passing day.

Wed, 04/11/2012 - 21:35 | 2336617 StychoKiller
StychoKiller's picture

Read:  "The Creature From Jekyll Island, a Second Look at the Federal System", 5th Ed., G. Edward Griffin, ISBN:  978-0-912986-45-6

The Bernank WILL print because he MUST print!

Wed, 04/11/2012 - 12:31 | 2334798 GlenD
GlenD's picture

ithink your wrong, P/E=17.85 ain't so bad compared to some, could even double without surprizing.

Consider pricing everything in petrol to family and friends.

Wed, 04/11/2012 - 11:29 | 2334585 Everybodys All ...
Everybodys All American's picture

I'm wondering if the FED has thought about just creating a "market animation". What the helll is the difference. They just intend to "create" a wealth effect anyway. Well just print the number at the end of the day. What a joke.

Sorry for the sarcasm but this is not the way capitalism is supposed to function and Beranke and his ilk need to be shown the door.

Wed, 04/11/2012 - 11:34 | 2334598 Dr. Engali
Dr. Engali's picture

If they did that then the sheep might just catch on. Then again maybe not.

Wed, 04/11/2012 - 11:32 | 2334591 buzzsaw99
buzzsaw99's picture

the bernank will buy the euro banks.

Wed, 04/11/2012 - 11:37 | 2334607 Zero Govt
Zero Govt's picture

Yep, and nobody gets to vote, either in Europe or America, on this 'policy' of a private US bank with a monopoly on money buying strategically Europes banking sector

"democracy" you just gotta luv it 

(puke)

Wed, 04/11/2012 - 11:42 | 2334623 the 300000000th...
the 300000000th percent's picture

APPL to the moon and my dollars to the floor

Wed, 04/11/2012 - 11:58 | 2334675 Dick Darlington
Dick Darlington's picture

But but but, HSBC propaganda letter today raised zEuropean banks to BUY BUY BUY and recommended spanish govies too! Just like they recommended greek govies back in the days!

Wed, 04/11/2012 - 12:14 | 2334741 ivars
ivars's picture

New comparison of actual prices of gold and silver with Otober 2011 prediction charts and extension to september 1st, 2012:

http://saposjoint.net/Forum/viewtopic.php?f=14&t=2626&p=37176#p37176

Acurracy still within 3%.

Wed, 04/11/2012 - 12:26 | 2334786 realtick
Wed, 04/11/2012 - 12:34 | 2334816 El Viejo
El Viejo's picture

SHRINKAGE

Wed, 04/11/2012 - 13:14 | 2334962 lsbumblebee
lsbumblebee's picture

Looks like the PPT is bargain-hunting today. Scooping up some undervalued stock like BAC. Yeah boy.

Wed, 04/11/2012 - 14:00 | 2335131 non_anon
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