You're now on the archive server. Commenting has been disabled.

The Trannies Have Spread Wide Open

Tyler Durden's picture




Presented with little comment but the Dow Transports are now around 5% out of line relative to the impervious Industrials over the short-term and on a longer-term basis are sending some rather concerning signals that we have seen before...

LT Industrials vs Transports...

 

and short-term it is becoming quite pronounced...especially post-Draghi

 

Charts: Bloomberg




Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Thu, 08/09/2012 - 10:45 | Link to Comment LongSoupLine
LongSoupLine's picture

The Trannies Have Spread Wide Open

 

 

Fooled me...I thought this was another Secret Service article.

Thu, 08/09/2012 - 10:51 | Link to Comment Precious
Precious's picture

You didn't eat that.

Thu, 08/09/2012 - 10:58 | Link to Comment malikai
malikai's picture

Dow Index as we're seeing it:

http://www.quantsig.net/img/indx_dow.png

Thu, 08/09/2012 - 11:25 | Link to Comment NotApplicable
NotApplicable's picture

TMI!!!

TMI!!!

Thu, 08/09/2012 - 13:37 | Link to Comment Manthong
Manthong's picture

Spread open and need lubrication, but you won't find any here..

http://www.reuters.com/article/2012/08/08/baltic-idUSL6E8J8EIQ20120808

 

 

Thu, 08/09/2012 - 11:28 | Link to Comment idea_hamster
idea_hamster's picture

"Past performance is not an indicator of future outcomes."

"Current market structure has evolved."

"Other DOW components have established power to remain decoupled."

"This time is different!"

"SRSLY ITS DIFFRNT!"

...

"Ouch ... my portfoli-hole hurts."

Thu, 08/09/2012 - 10:57 | Link to Comment GeezerGeek
GeezerGeek's picture

I didn't read the headline carefully enough the first time. I thought it said "The Tyrannies Have Spread Wide Open." My first impulsive thought was to wonder who was brave enough to expose the inner workings of our government and its cronies. I'm relieved that I was mistaken. I don't think that the public could handle the truth.

Thu, 08/09/2012 - 11:19 | Link to Comment Robot Traders Mom
Robot Traders Mom's picture

I didn't want to comment and embarrass my son.

Fri, 08/10/2012 - 14:29 | Link to Comment TravsMom
TravsMom's picture

Me neither.

Thu, 08/09/2012 - 11:15 | Link to Comment BandGap
BandGap's picture

Chugga-chugga, choom, choom.

 

Thu, 08/09/2012 - 11:16 | Link to Comment bigwavedave
bigwavedave's picture

Brilliant. Headline of the month for sure. LOL

Thu, 08/09/2012 - 10:45 | Link to Comment Squid Vicious
Squid Vicious's picture

bullish....blame it on the TSA perverts

Thu, 08/09/2012 - 10:46 | Link to Comment Dr. Engali
Dr. Engali's picture

 

The Trannies Have Spread Wide Open

 

For a minute there I thought I was going to be directed to an SEC porn site. But then I realized the midgets were missing.

Thu, 08/09/2012 - 11:16 | Link to Comment firstdivision
firstdivision's picture

Woah, woah, woah.  It really was just a misunderstanding.  The transmission had gone bad in my car, so I thought I'd fix it myself.  Looking for instructional videos, I searched for "Bad Trannies", and after the 5th video I realized they had nothing to do with car transmissions.

-SEC Lawyer

Thu, 08/09/2012 - 10:46 | Link to Comment Precious
Precious's picture

As we all know, the transportations lead in recoveries.  Yay.

Thu, 08/09/2012 - 10:50 | Link to Comment CrazyCooter
CrazyCooter's picture

Clearly this is short term bullish!

Regards,

Cooter

Thu, 08/09/2012 - 10:47 | Link to Comment 101 years and c...
101 years and counting's picture

maybe they'll kiss again at 10k/4k?

Thu, 08/09/2012 - 11:16 | Link to Comment TrillionDollarBoner
TrillionDollarBoner's picture

Looks like a year to go before the superslide if the pre-2008 divergence is anything to go by. Which it probably isn't, but still ... this can be a slow burner.

Thu, 08/09/2012 - 10:48 | Link to Comment Dixie Rect
Dixie Rect's picture

Trannies. Midgets?

Thu, 08/09/2012 - 10:59 | Link to Comment magpie
magpie's picture

Perversion in finance leads to uh more perversion ?

Thu, 08/09/2012 - 10:48 | Link to Comment oleander garch
oleander garch's picture

No reason to bring Professor Bernanke's nighttime activities into the public light.  What happens on the West Side stays on the West Side.

Thu, 08/09/2012 - 10:49 | Link to Comment FL_Conservative
FL_Conservative's picture

Nothing to see here, people.  Please keep moving.

Thu, 08/09/2012 - 11:27 | Link to Comment slewie the pi-rat
slewie the pi-rat's picture

BTFD

when those impacted inventories start flowing all at once, you'll be gladUdid!

slewie intel notes secret plans for a water ballet of unicorns to go on the road and fix everything (formerly known as 'back to skool');  now, they will hafta borrow more money to get there:>  what a set-up!

to students everywhere:>  bong-HO.000.000. BiCheZ!

Thu, 08/09/2012 - 10:49 | Link to Comment DrDinkus
DrDinkus's picture

whens the next leg down...getting hungry

Thu, 08/09/2012 - 10:51 | Link to Comment busted by the b...
busted by the bailout's picture

But it's still an efficient market, right?

Thu, 08/09/2012 - 10:51 | Link to Comment Lost Wages
Lost Wages's picture

The most depressing thing about trannies is when their penis is bigger than mine.

Thu, 08/09/2012 - 10:55 | Link to Comment madcows
madcows's picture

"Hey, whad'ya rent?"

"Best of Both Worlds.  You should see the box.  Beautiful chicks with dicks that put mine to shame."

"And you rented this?!"

"Hey, I like to expand my horizons."

Thu, 08/09/2012 - 11:07 | Link to Comment Winston Churchill
Winston Churchill's picture

Whose isn't ?

Thu, 08/09/2012 - 10:53 | Link to Comment Hype Alert
Hype Alert's picture

This is just a algo programming glitch.  The SEC will be issuing a new ruling shortly.

Thu, 08/09/2012 - 10:54 | Link to Comment john_connor
john_connor's picture

Dow Theory non confirmation bitchez!

Thu, 08/09/2012 - 10:55 | Link to Comment Ivanovich
Ivanovich's picture

Yeah, and if that chart plays out the same way, then it would appear we're still at least a year out from the crash. 

I wil be completely insane by that point.

Thu, 08/09/2012 - 11:00 | Link to Comment GMadScientist
GMadScientist's picture

Doc keeps sayin I have to have "goals".

Thu, 08/09/2012 - 11:29 | Link to Comment NotApplicable
NotApplicable's picture

Funny, I'm starting to hear that from others around here too. Must be the newest version of "healthcare."

Better yet, they have to get it on paper in order to create a measurable metric.

Stupid allopaths; always substituting gimmicks in an effort to hide their lack of understanding of how to STAY healthy.

Thu, 08/09/2012 - 11:12 | Link to Comment Hype Alert
Hype Alert's picture

Probably depends on who wins the election.  Obama will crush all hopes of a better tomorrow from business (the people that hire, write pay checks, etc.).  Romney will get a huge bounce until reality hits home.

Thu, 08/09/2012 - 11:13 | Link to Comment busted by the b...
busted by the bailout's picture

Yes, I have learned that the market can stay irrational much longer than I can stay sane.

The main problem is the imperfect correlation with the economy.  And that is more true now than ever with CB intervention. 

A truly free market economy / stock market would be much more fun to "play".

Thu, 08/09/2012 - 13:45 | Link to Comment viahj
viahj's picture

I seriously doubt that it will take that long this time.  We are NOT in the same condition as we were in the 06-08 drift prior to the crash, we are in a much worse position.  Trans are based in reality, Inds are manipulated HOPIUM.

Thu, 08/09/2012 - 10:57 | Link to Comment Equites
Equites's picture

Like this one isn't too late to trade (except for writing covered calls closer to currents)

Isn't another decilne already priced in? 

Thu, 08/09/2012 - 10:58 | Link to Comment buzzsaw99
buzzsaw99's picture

nothing sadder than unloved trannies

Thu, 08/09/2012 - 11:02 | Link to Comment GMadScientist
GMadScientist's picture

sittin there on the tracks, with noone to push them from behind, and no "load" to carry.

 

Thu, 08/09/2012 - 11:18 | Link to Comment buzzsaw99
buzzsaw99's picture

wanting to pull a train but alas nothing but an empty caboose

Thu, 08/09/2012 - 11:31 | Link to Comment NotApplicable
NotApplicable's picture

Well, now, this is some interesting imagery.

Thu, 08/09/2012 - 11:01 | Link to Comment Frastric
Frastric's picture

Great article title!

Enter the Scissor Sisters; the world's biggest tranny loving band:

http://www.youtube.com/watch?v=b4RcBZy2jZA

 

Thu, 08/09/2012 - 11:01 | Link to Comment q99x2
q99x2's picture

Put your shorts back on the trannies have left the barn.

Thu, 08/09/2012 - 11:02 | Link to Comment Phat Stax
Phat Stax's picture

most excellent headline!

 

Thu, 08/09/2012 - 11:05 | Link to Comment Jake88
Jake88's picture

Manipulation to sucker in shorts. It's all smoke and mirrors.

Thu, 08/09/2012 - 11:06 | Link to Comment mrktwtch2
mrktwtch2's picture

we are going to need some news event out of europe if the bears have any hope here..otherwise 1425 spx in a few days looks like a done deal..

Thu, 08/09/2012 - 11:10 | Link to Comment razorthin
razorthin's picture

Good catch.  I was just noticing this negative divergence earlier this morning.  Not bullish for equities.  Or, given the central planning, maybe it is bullish for the trannies.

Thu, 08/09/2012 - 11:12 | Link to Comment magpie
magpie's picture

Oil

Thu, 08/09/2012 - 11:13 | Link to Comment Temporalist
Temporalist's picture

Trannies and TBTFs are acting all kinds of erratic.  Neither give a refund:

Goldman Sachs Leads Split With Obama, as GE Jilts Him Too

http://www.bloomberg.com/news/2012-08-09/goldman-sachs-leads-split-with-...

Thu, 08/09/2012 - 11:14 | Link to Comment adr
adr's picture

Holiday orders at major retailers are being cut 40% across the board, input costs are expanding. So you are going to sell less and it is going to cost more to make what you do sell.

BULLISH FOR CORPORATE PROFITS!!!!!!

God I hate actually knowing what is really going on. Everything the market is pricing in is the complete opposite of reality on the ground.

Thu, 08/09/2012 - 11:26 | Link to Comment Nobody For President
Nobody For President's picture

Source(s) for the drop in holiday orders?

Thu, 08/09/2012 - 11:15 | Link to Comment lizzy36
lizzy36's picture

All about the spread.

Thu, 08/09/2012 - 11:19 | Link to Comment MsCreant
MsCreant's picture

If the Trannies are spread wide open, does that mean you go all in?

Thu, 08/09/2012 - 11:29 | Link to Comment scatterbrains
scatterbrains's picture

no, wait for the gap to close back up then hit it!

Thu, 08/09/2012 - 11:34 | Link to Comment gmrpeabody
gmrpeabody's picture

OMG... et tu, MsCreant?

Thu, 08/09/2012 - 11:37 | Link to Comment lizzy36
lizzy36's picture

Well played ;)

Thu, 08/09/2012 - 12:26 | Link to Comment Nobody For President
Nobody For President's picture

Oh my gawd Ms - I am SO jealous I didn't think of that ...

Thu, 08/09/2012 - 11:27 | Link to Comment FieldingMellish
FieldingMellish's picture

This might have meant something in the pre-algo days. Now its just a curiosity. The dealers are simply playing amongst themselves so its all noise.

Thu, 08/09/2012 - 11:35 | Link to Comment Godisanhftbot
Godisanhftbot's picture

 My porn blocker said I couldn't read this.

Thu, 08/09/2012 - 11:48 | Link to Comment DavosSherman
DavosSherman's picture

If some dickhead HFT hasn't perverted the trannies, they are a leading edge indicator of the shit to come.

Thu, 08/09/2012 - 11:53 | Link to Comment Mad Max
Mad Max's picture

Tyler, hate to break this to you but trannies don't spread wide open... it spoils the surprise.

Thu, 08/09/2012 - 11:58 | Link to Comment Mitch Comestein
Mitch Comestein's picture

I noticed this yesterday.  I am one step ahead!

Thu, 08/09/2012 - 12:43 | Link to Comment Carl Spackler
Carl Spackler's picture

Timmm-berrrrrrrrr !

Thu, 08/09/2012 - 13:03 | Link to Comment Red Heeler
Red Heeler's picture

'Taint looking good.

Thu, 08/09/2012 - 13:50 | Link to Comment viahj
viahj's picture

there aint no taint

Thu, 08/09/2012 - 15:13 | Link to Comment sessinpo
sessinpo's picture

Bullish Chick Fil A, again?

Tue, 09/25/2012 - 20:55 | Link to Comment cgagw
cgagw's picture

Outlet Oakley Sunglasses 01 Sale are hot sale with top quality replica oakley sunglasses and fast delivery.Welcome to our Cheap Oakley Sunglasses Wholesale Outlet Online Store.

Do NOT follow this link or you will be banned from the site!